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Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 05 October

Source Fxstreet

Bitcoin and Gold Outlook: BTC slips, XAU downtrend persists as US Services PMI misses forecasts

Bitcoin (BTC) faces growing headwinds on Monday, as it trades lower below $86,000. Despite the ongoing pullback, the Crypto King remains in a broad range with the lower limit near $84,000 and the upper limit at $88,000. A break on either side of this zone would influence BTC's direction.

XRP recovery stalls amid fading network activity, ETF demand

Ripple (XRP) is trading above $1.50 on Monday, as bulls struggle to sustain the recovery. Despite the sideways price action between support at $1.45 and supply at $1.60, XRP remains supported by uptrending major moving averages and key momentum indicators.

The crypto market is edging closer to a key resistance level

The crypto market continues to test the resistance level near $2.95T, having retreated slightly from local highs to $2.93T by the start of European trading. That said, a short-term uptrend has been forming since Friday.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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