While the weekend was quiet for cryptocurrency investors, BTC remained stable at $69,000. XRP, AVAX, and LINK Coin gained momentum in the recent BTC rally but failed to reach new highs. Weak demand causes sudden ups and downs in BTC price. So, what are the current predictions for XRP, AVAX and LINK Coin?
Ripple (XRP) Comment
The parallel channel support at $0.58 has turned into resistance again and the bulls are having a hard time breaking this level. Despite the SEC softening on the ETH ETF, there has been no optimism regarding the Ripple case. In the short term, it is important for $0.53 to turn into support and the bulls are struggling for this level. If they are successful, we could see a new attempt towards $0.58.
Beyond this level, the $0.66 and $0.74 targets remain valid. The ball is now in the judge's court in the case and any new news from here is of critical importance.
Avalanche (AVAX) Price Prediction
Avalanche, one of the largest smart contract platforms by market cap, is struggling due to high annual inflation. The rally that started at $31.3 was reversed with a sell-off above $40 and the price is now trading at $38. The current level may create a suitable environment for attempts above $40 again.
If the selling deepens, we could see a move towards lows of $31.3 and then $18.7. Currently, everyone is waiting for ETH price to make new highs for significant movements in altcoins. Capital flow from BTC to altcoins can create serious profit opportunities during this consolidation period.
LINK Coin Comment
LINK Coin, one of the best-performing altcoins in recent days, has managed to remain relatively strong while the BTC price has fluctuated. There has been a 36% increase in the last 9 days and the price is now holding above $17. In the short term, continuation of the closings above $ 15.5 may be sufficient for new rallies.
However, closes below $15.5 will make the uptrend difficult. This strong situation of LINK Coin offers a significant opportunity for investors.
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