Bitcoin, Ethereum & Ripple – American Wrap: June 10, 2020

Bitcoin is trying to climb above $10,000 for the second time during June. Bulls are having a tough time trying to break above this crucial level. This rejection could scare buyers away as the Bitcoin market has been quite flat except for a few false breakouts (fakeouts). These fakeouts are terrible for bulls and create panic among investors.

Ethereum Price Forecast: ETH/USD getting ready for a breakout after new ETH 2.0 Onyx Testnet launch

Ethereum is definitely still bullish despite the lack of price action in the last week. The digital asset peaked at $253.47 on June 2 and has been consolidating ever since. The bulls have managed to defend the daily 12-EMA several times, something that is considered positive in the short-term. Ethereum only needs something to spark a break of $250 and take ETH up to $300.

Ripple Market Update: Ripple’s partner enjoys stellar growth while XRP/USD locked in a range

Ripple’s XRP is the fourth largest digital asset with the current market value of $8.9 billion and an average daily trading volume of $1 billion. The coin has been range-bound recently amid low trading activity on the market. At the time of writing, XRP/USD is trading at $0.2025, mostly unchanged both on a day-to-day basis and since the beginning of Wednesday.

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