Cryptocurrencies Price Prediction: Ripple, Shiba Inu & Ethereum — Asian Wrap 08 April
XRP Price Prediction: XRP battles tariff turbulence amid MVRV buy signal
Ripple (XRP) seeks stability in a volatile crypto landscape influenced by macroeconomic factors, including reciprocal tariffs. The international money transfer token hit a low of $1.64 on Monday after opening the week at $1.92, representing a 14.5% daily drop. At the time of writing on Tuesday, during the late Asian session, XRP had recovered Monday losses, exchanging hands at $1.92, as global markets continue to adjust and digest United States (US) President Donald Trump’s ever-changing tariff policy.
Crypto whales buy 874 billion SHIB as Shiba Inu price plunges to lowest in 13 months
Shiba Inu (SHIB), one of the most talked-about meme coins in the cryptocurrency space, took a sharp nosedive on Monday, plunging below the $0.00001 threshold for the first time since February 2024. Despite this decline, whale investors have seized the opportunity to accumulate a staggering 874 billion SHIB tokens, signaling strategic optimism amid broader market turbulence.
Ethereum Price Forecast: ETH risks a decline to $1,000 amid selling pressure from DeFi liquidations
Ethereum (ETH) suffered a more than 27% crash within the past 48 hours, briefly dropping to a two-year low of $1,410 before recovering the $1,500 level on Monday. The decline, per Coinglass data, sparked $257.87 million in liquidations across ETH's derivatives market during the period.
Author
FXStreet Team
FXStreet
