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Cryptocurrencies Price Prediction: Shiba, XRP & Altcoins — American Wrap 29 March

Cryptocurrencies Price Prediction: Shiba, XRP & Altcoins — American Wrap 29 March
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu could rise 15% by the end of the week, here’s why

Shiba Inu price has recovered from a massive sell-off earlier in the week. The revival comes as SHIB takes advantage of the broader rally in the crypto industry, with Bitcoin (BTC) steadily peeling off its losses by rising 5.33% in the last 24 hours. Arguably the meme coin has the most desirable sentiment among its peers based on ecosystem-related fundamentals.

XRP price has been rising impressively, drawing investors towards the crypto asset. However, these traders might want to brace for a potential pullback following the recent rallies despite the Ripple community preparing for a win against the SEC.

XRP whale movement
Bitcoin dominance hit its highest level since June 2022 and BTC price steadied above the $28,000 level. Altcoins like Fantom (FTM), Cardano (ADA) and Avalanche (AVAX) started their recovery with the alt season narrative heating up. 
FTM/BTC 1D price chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses. Short-term holders are approaching their break-even levels, while realized losses have increased relative to profits, according to Monday’s Glassnode Market Pulse.

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol shows resilience above $3.50 on Tuesday, following the previous day’s rebound from the $3.40 support level. Muted institutional investor interest and a steady decline in retail demand, along with a negative Coinbase premium and outflows from NEAR futures, weigh on the AI token.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple (XRP) and Stellar (XLM) remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.