|

Cryptocurrencies Price Prediction: Cardano, Ethereum & Ripple — Asian Wrap 25 Apr

Cardano price is on the cusp of a 50% return for daredevils

Cardano (ADA) price looks to be on the cusp of booking a third consecutive losing streak. But under the hood, the Relative Strength Index (RSI) reveals that bulls are pushing against and are buying on the dips in a fade-in trade. With more calm periods around the corner, as FED officials enter a blackout period and this weekend erases another tail risk that is dragging on ADA price, it offers room for upside. 

Ethereum price is on the cusp of undoing the death cross

Ethereum (ETH) price was in the danger zone after price traded below the 55-day Simple Moving Average (SMA) near $2,986.86. But bulls stepped in and used the area between the 55-day SMA and $2,900.00 as a fade-in level before ramping price action up above $3,000.00. 

XRP price sees red alerts flashing for Ripple with a 35% drop forecast

Ripple (XRP) price is an outlier against most other major cryptocurrencies as the pair is not in the possibility to gain on dollar weakness and favorable tailwinds underpinning price action in cryptocurrencies overall.  XRP price looks to be hanging by a thread and looks set to tank a massive 35% next week. 

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple slips as liquidity improves, ETF inflows return

Ripple (XRP) is losing strength, trading below $1.40 on Tuesday. Although minor, the correction comes after a sharp move toward $1.50 the previous day and aligns with a lethargic outlook in the broader crypto market.

Top Altcoins Price Forecast: Ripple, Cardano, Hyperliquid – Easing bullish momentum sparks downside risks

Top altcoins, including Ripple, Cardano, and Hyperliquid, are trading in the red on Tuesday, with roughly 2% losses so far. The altcoins are facing downside pressure ahead of the CLARITY Act cloture vote scheduled for Tuesday.

Crypto Today: Bitcoin, Ethereum and XRP stall ahead of key CLARITY Act vote

Cryptocurrency prices are under pressure on Tuesday, with Bitcoin retreating below $77,000. This pullback comes on the heels of last week's failed breakout and is echoed across major altcoins, as Ethereum and Ripple both slip below key psychological levels at $2,500 and $1.40, respectively.

Bitcoin remains range-bound as liquidation risks build

Bitcoin faces mild pressure, trading below $77,000 at the time of writing on Tuesday following a recovery the previous day. Institutional demand shows early signs of return with spot Exchange Traded Funds recording an inflow on Monday, snapping a four-day outflow streak.

Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.