Crypto price predictions: Pepe, Celestia TIA, and Ripple XRP
Cryptocurrency prices were mixed on Monday as investors reflected on the decision by Joe Biden to drop out of the presidential race.
The main impact is that it increases the possibility that Democrats will nominate a candidate who has a chance to beat Donald Trump.
Trump and JD Vance are seen as more crypto-friendly candidates. In fact, he will address a crypto conference in Tennesse this week.
Bitcoin remained at $67,000 on Monday, its highest point since June 13th. Other altcoins like Arweave, Notcoin, Worldcoin, and Kaspa were among the top laggards. This article provides forecasts for top crypto tokens like Pepe, Celestia (TIA), and Ripple (XRP).
Pepe price forecast
Pepe has grown into the third-biggest meme coin in the world with a market cap of over $5.1 billion. It has also become one of the most active tokens in the crypto industry. Data shows that its 24-hour volume stood at $1.3 billion, second only to Dogecoin, which had a volume of $1.79 billion.
Pepe has been one of the best-performing cryptocurrencies this year as it jumped by more than 1,350% from its lowest point this year. This rally happened as the number of Pepe holders soared to over 263k, according to Etherscan. Whales have continued to accumulate the Pepe token,
The daily chart shows that the Pepe token has remained steady in the past few days. It has jumped from this month’s low of $0.00000076 to a high of $0.000012. The token has held steady above the 50-day and 25-day Exponential Moving Averages (EMA), which have made a bullish crossover.
Most importantly, Pepe has formed a bullish flag chart pattern, which is a popular positive sign. In most cases, this pattern materializes when the pennant reaches its confluence level.
Pepe has also moved between the 38.2% and 23.6% Fibonacci Retracement points. Therefore, the outlook for the token is bullish, with the next point to watch being at $0.0000133, the 23.6% retracement point.
Celestia TIA token price analysis
Celestia is a leading blockchain network that provides a modular data platform used by all types of developers in the industry.
TIA, its token is beloved because of its stronger yield. Data shows that TIA has a yield of 10%, making it one of the top-yielding cryptocurrencies in the industry.
Celestia’s token has been in a downward trend after peaking at $21 earlier this year. This drop saw it move to a low of $4.175 earlier this month.
It then formed a small doji pattern, on July 5th. In price action analysis, this is one of the most bullish patterns in the market.
Celestia has formed a descending channel and is consolidating at its upper side. It is also hovering at the 50-day and 25-day moving averages. Most importantly, the Relative Strength Index (RSI) and the MACD indicators have formed a bullish divergence pattern.
Therefore, the TIA token will likely have a bullish breakout as buyers target the key resistance point at $10. This view will be confirmed if it moves above the upper side of the descending channel.
Ripple (XRP) price prediction
Ripple’s token bottomed at $0.3820 earlier this month and has now bounced back by 60% to $0.6110. This rebound happened as signs emerged that the XRP ledger network was seeing more transactions in the ecosystem.
However, as I wrote last week, there are concerns about whether Ripple will play an important role in the finance industry in the future. Besides, there are signs that stablecoins are doing well as their daily transactions jump to over $60 billion.
The daily chart shows that the XRP price formed a hammer pattern on July 5th when the token bottomed at $0.3821. In price action analysis, this is one of the most bullish reversal candlestick pattern.
Most recently, XRP formed a doji pattern on July 19th. A doji is characterized by a small body and upper and lower shadows and is also another reversal sign.
Ripple has crossed the 50-day and 200-day Exponential Moving Averages (EMA). It will likely form a golden cross when these moving averages cross each other.
The Relative Strength Index (RSI) and the MACD indicators have also pointed upwards. It has also jumped above the Ichimoku cloud indicator.
However, there are signs that it is forming a small rising wedge chart pattern. Therefore, the token could lose momentum and resume the downward trend. More upside will be confirmed if the token rises above the key resistance at $0.6378 will point to more upside.
Looking ahead, the key catalysts for cryptocurrencies will be the upcoming crypto conference in Tennessee and Friday’s Personal Consumption Expenditure (PCE) data. This will be an important number that will have an impact on Fed actions.
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