Cryptocurrencies Price Prediction: Ripple, Shiba Inu & Zilliqa – American Wrap 23 June

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XRP Price Forecast: Ripple could jump to $0.80 in one day

XRP price is surfing on the recovery wave. After the dip this morning, Ripple is on a steep recovery and looks to shoot for the stars today. The cross-border payment token's price action above S1 is all clear for a jump to $0.80. XRP price has already recovered 30% since the test of the low this morning, just above $0.50, and looks for further gains.

Shiba Inu price contemplates 32% advance amid multiple overhead barriers

Shiba Inu price set up a bottom at $0.00000520 on June 22 and rallied 25%. The immediate resistance level at $0.00000653 and $0.00000812 might hinder the upswing. A breakdown of $0.00000520 will invalidate the bullish outlook. Shiba Inu price appears to have not taken a big hit compared to BTC and other altcoins in terms of drawdown. SHIBA formed a bottom just below the swing low on June 12. Despite the presence of resistance levels, the dog-themed crypto looks to advance.

Zilliqa Price Prediction: ZIL forms a double bottom, marking the end of the downtrend

Zilliqa price traded quite heavily after a 32% correction in the past few days. The sharding blockchain got caught in the risk-off sentiment that has soured the markets after the Fed revised rate hikes for 2023. ZIL 12-hour chart displays the RSI entering oversold territory. Zilliqa price has had a rough few days after the surprise announcement of the Fed. ZIL is looking for some support and that might come in sight.

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Ripple and Stellar outlook: XRP and XLM await direction amid cautious sentiment

Ripple and Stellar trade cautiously as both tokens hover around key technical levels. XRP is testing resistance at its 50-day EMA, while XLM continues to consolidate around the $0.187 support zone. Meanwhile, mixed derivatives data with a slight bearish tilt suggests traders remain cautious, keeping the next directional move uncertain.

Crypto Market Overview: Bitcoin recovery eases – HBAR and LDO test key resistance zones

Bitcoin edges below $66,000 extending the previous day's losses. Hedera and Lido DAO sustain bullish momentum, testing the breakout of a crucial resistance zone to extend their rally. CoinMarketCap’s Fear and Greed Index at 39 stalls below the neutral territory, indicating that sellers remain dominant.

Senate Republicans release updated CLARITY Act with new crypto ethics restrictions

Senate Republicans released an updated version of the Digital Asset Market CLARITY Act on Wednesday following briefing calls with stakeholders. The update adds a package of ethics restrictions targeting digital asset activities by public officials and their spouses.

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure (on-chain) and traditional finance (TradFi), according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.