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Cryptocurrencies Price Prediction: Dogecoin, Ripple & Pi Network – American Wrap 27 October

Cryptocurrencies Price Prediction: Dogecoin, Ripple & Pi Network – American Wrap 27 October
FXStreet TeamFXStreet TeamFXStreet

Dogecoin Price Forecast: DOGE drops to $0.20 as SOPR metric resets

Dogecoin (DOGE), the leading meme coin by market capitalization, is trading above $0.2000 at the time of writing on Monday, after profit-taking and a shift in sentiment in the broader cryptocurrency market trimmed gains from an intraday high of $0.2095.

XRP Price Forecast: XRP bulls defend critical support despite 40% drop in Open Interest 

Ripple (XRP) remains above a key support of $2.61 at the time of writing on Monday. The international money transfer token has largely been in bullish hands since Thursday, reflecting a return of positive sentiment in the broader cryptocurrency market. 

Pi Network Price Forecast: PI climbs to fresh monthly high as migration boosts demand

Pi Network (PI) exceeds the 50-day Exponential Moving Average at $0.2638 at press time on Monday. The migration of Pi Network users, also called Pioneers, to the mainnet led to a surge in broader market demand that outpaced supply pressures. The technical outlook indicates a bullish trend, suggesting further gains if the PI token holds above $0.2638.

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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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Kraken’s parent plans regulated US perpetual futures on Hyperliquid

Kraken’s parent plans regulated US perpetual futures on Hyperliquid

Hyperliquid has named Payward, the parent company of crypto exchange Kraken, as its intended first Commodity Futures Trading Commission-regulated deployer on HIP-3 markets. In an X post on Monday, Hyperliquid stated that Payward plans to use its infrastructure to deploy perpetual futures markets for US customers. The proposed arrangement remains subject to regulatory approval.

Pi Network Price Forecast: PI stalls as weak crypto sentiment caps recovery

Pi Network Price Forecast: PI stalls as weak crypto sentiment caps recovery

Pi Network holds steady above $0.0760 stalling after a roughly 2% rebound the previous day. The broader market's weak sentiment and reduced trading volume weigh on the PI token. The technical outlook is bearish, with price capped below a long-term resistance trendline and weak momentum.

Ripple and Stellar outlook: XRP and XLM remain under pressure as bearish momentum persists

Ripple and Stellar outlook: XRP and XLM remain under pressure as bearish momentum persists

Ripple and Stellar continue to remain under pressure, trading below $1.30 and $0.169 respectively, after a mild recovery the previous day. Both XRP and XLM remain below their key Exponential Moving Averages, indicating bearish price action. Moreover, mixed derivatives metrics and cautious on-chain data are capping sustained recovery in XRP and XLM.

Ripple secures OCC approval for National Trust Bank

Ripple secures OCC approval for National Trust Bank

Brad Garlinghouse, CEO of Ripple, announced in an X post on Monday that the Office of the Comptroller of the Currency (OCC) has granted final approval to charter Ripple National Trust Bank (RNTB). The federally supervised national bank demonstrates Ripple's progress toward building digital asset infrastructure within a regulated financial system.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.