Cryptocurrency investors are experiencing a relatively calm weekend with BTC lingering at $69,000. Although XRP, AVAX, and LINK Coin showed movement during the last BTC rally, they did not reach new highs. Weak demand caused sudden fluctuations in BTC price. So, what are the current predictions for XRP, AVAX, and LINK Coin?
Ripple (XRP) Analysis
The $0.58 parallel channel support has turned into resistance, and the bulls are struggling. Despite many attempts, XRP Coin failed to close above it. The SEC’s softening stance on the ETH ETF did not trigger optimism regarding the Ripple case. In the short term, turning $0.53 into support is crucial, and now the bulls are fighting for it.
If they succeed, we could see a new test at $0.58. Beyond that, the targets of $0.66 and $0.74 remain valid. The case is now in the judge’s hands, and any new news here is of key importance.
Avalanche (AVAX) Price Prediction
It is one of the largest smart contract platforms by market value, but high annual inflation disrupts things. The rise from $31.3 reversed with sales above $40. AVAX price is now at $38. If the current level can be maintained, it could create a reasonable environment for new attempts above $40. For now, BTC holding above $69,000 is also positive.
If sales deepen, we could see a move towards the bottom levels of $31.3 and then $18.7. For now, everyone is waiting for ETH price to hit new highs for significant movements in altcoins. This could accelerate the BTCD decline and increase appetite in altcoins. Capital flow from BTC to altcoins could create significant profit opportunities during this current consolidation period.
LINK Coin Analysis
LINK Coin has been one of the best-performing altcoins in recent days. While BTC price fluctuated, Chainlink (LINK) managed to remain relatively strong. It increased by 36% in the last 9 days, and the price is now holding above $17. In the short term, continued closures above $15.5 could be sufficient for new rallies. However, closures below this level will jeopardize the upward trend.
