Stellar, Bitcoin & Ripple – American Wrap 27 May

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XLM price shows a consolidation after a technical indicator flashed a buy signal, suggesting an incoming explosive rally. A breach past a critical resistance level will confirm the start of an upswing.

Bitcoin Price Forecast: BTC rebound short-lived, bears target $34,000

Bitcoin price is facing stiff resistance ahead. Given the high number of underwatered investors, more selling can be expected at every upswing. Losing $40,586 as support could see BTC dive to $34,049. Bitcoin price struggles to recover as uncertainty mounts in the cryptocurrency market. 

XRP Price Prediction: Ripple bears eye $0.75

XRP price has failed to be a champion during the bounce off the May 19 and May 23 lows, generating only a 50% gain from the low. Over the last four days, the price action has been more reflective of a topping process, putting Ripple at risk of a pullback in the coming days. 

 

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