Cryptocurrencies Price Prediction: Ripple, Cardano & Shiba Inu — Asian Wrap 14 October

FXStreet Team FXStreet

XRP Price Prediction: Has the recent rebound shifted the bearish narrative?

XRP price witnessed an extremely volatile market behavior amidst the US Consumer Price Index release. Key levels have been defined to determine the next trending direction. Invalidation of the bearish thesis is a breach above $0.56.

Is Cardano price setting up a smart money trap?

Cardano price is currently up 7% after tagging a low of $0.35 for the first time in 2022 on Thursday morning. The recent US Consumer Price Index (CPI) data release prompted the sell-off and increased selling pressure on nearly all crypto assets. Shortly after the decline, a short squeeze took place, wiping out the liquidity of day trading bears.

Shiba Inu price: Will SHIB price double with 20 million daily token burn?

Shiba Inu community has taken control of the Shibburn portal and terminated its association with the Ryoshi Vision (RYOSHI) team. Nearly 20 million Shiba Inu(SHIB) tokens were burnt in the past 24 hours, permanently removing them from circulation.

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Mixed signals leave XRP and XLM at crossroads

Ripple and Stellar are trading at critical technical levels on Thursday. XRP has stabilized above the psychological $1.00 support, while XLM is testing support at $0.173. Traders should be cautious as mixed derivatives metrics keep the outlook uncertain for both altcoins. Derivatives data shows mixed sentiment among traders. CoinGlass’ long-to-short ratio for XRP reads 1.02 on Thursday.

Robinhood revenue climbs 32% to record $1.3B in Q2, crypto earnings decline 38%

Robinhood hit record revenue for the second quarter of the year, with total net revenue rising 32% year-over-year to $1.31 billion, according to its earnings report on Wednesday. The exchange witnessed strong growth across equities, options and event contracts.

Bitcoin trails US Dollar as Fed holds rate steady

The Federal Reserve kept its benchmark interest rate unchanged at 3.50% to 3.75% at its July meeting on Wednesday, in line with market expectations. Minutes from the meeting showed that economic activity has been expanding at a solid pace despite elevated uncertainty. The central bank also noted that job gains have "kept pace with the workforce."

Ethereum: Can Fed decision unsettle the calmness in ETH?

Ethereum climbed above $1,900 on Wednesday following the Federal Open Market Committee's (FOMC) decision to leave interest rates unchanged at 3.50-3.75%. The decision follows a quiet derivatives and spot market for the top altcoin, with traders waiting for the decision before making a move, according to CryptoQuant analysts.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.