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Cryptocurrencies price prediction: XRP, Shiba Inu & Cardano – American Wrap 02 April

XRP extends pullback as on-chain activity and ETF flows deteriorate

Ripple (XRP) is trading near $1.30 at the time of writing on Thursday, as Iran's war-driven sentiment weighs on risk assets. XRP’s attempt to regain momentum this week stalled near $1.37 on Monday, reflecting risk-off sentiment amid capital exiting digital investment products.

Two reasons to be bearish on Shiba Inu

Shiba Inu (SHIB) has corrected from its daily open of $0.0000060 to trade around $0.0000058 at the time of writing on Thursday. The meme coin’s technical levels remain significantly depressed, weighed down by widespread risk-off sentiment due to the United States (US) and Israel’s war with Iran and sticky macroeconomic uncertainty.

Cardano Price Forecast: ADA slips below consolidation range as risk-off sentiment weighs

Cardano (ADA) is edging lower, trading at $0.235 at the time of writing on Thursday, as crypto prices broadly decline amid war-driven, risk-off sentiment. The smart contracts token hovers below key momentum indicators, signaling a higher probability for persistent correction rather than an immediate trend reversal.

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