Polkadot, Bitcoin & Ripple — Asian Wrap 21 Feb

Polkadot is set to close the week with a clear rejection from the upside at $20.50. With the start of a new week, the price looks set to stay above $17, as the downtrend is still intact for now. Expect a bullish breakout as bulls keep buying the dips and are set to a 100% gain.


Bitcoin price takes heavy water as the ship is caught in a storm on financial waters. Next week, the BTC price looks set to jump to $50,000 in two phases, depending on a relief rally. In the process, market participants can make a small 20% gain.


Ripple (XRP) price action saw a solid bounce off the 55-day Simple Moving Average but got a rejection earlier in the week against the green ascending trend line at $0.86. As both sides get served, expect the price to get squeezed in from both sides with a breakout for next week that could go to $1.00 depending on the positive news and de-escalation in Ukraine.