Cryptocurrencies Price Prediction: Ripple, Sui & Bitcoin – European Wrap 24 April
Ripple Price Forecast: Bearish sentiment in the broader crypto market ignites liquidations
Ripple (XRP) price is reversing gains at the time of writing on Thursday, following a widespread recovery in the cryptocurrency market on Wednesday. XRP surged alongside Bitcoin (BTC), hitting a daily high of $2.30 on Wednesday, as investors positively reacted to United States (US) President Donald Trump’s more conciliatory stance on Federal Reserve (Fed) Chair Jerome Powell and China. The US is optimistic that it will soon resolve the trade and tariff standoff with China, hinting at the potential easing of tariffs ahead of a comprehensive agreement in two years.
Sui Price Forecast: Surging stablecoins market, DEXs volume and DeFi TVL drive SUI's bullish sentiment
Sui's price climbs to $2.97 at the time of writing on Thursday, defying a broader bearish sentiment in the cryptocurrency market. The layer-1 token looks to extend gains above the intraday high of $3.12, supported by growing interest in the network's decentralized finance (DeFi) ecosystem.
Bitcoin Price Forecast: BTC corrects as increased profit-taking offsets positive market sentiment
Bitcoin (BTC) is facing a slight correction, trading around $92,000 at the time of writing on Thursday, after rallying 8.55% so far this week. Despite the mild correction, institutional demand remained strong, as US spot Exchange Traded Funds (ETFs) recorded an inflow of $916.91 million on Wednesday, marking three consecutive days of gains. Moreover, the risk-on sentiment prevails as US President Donald Trump’s administration appears to be softening its tone on the US Federal Reserve (Fed) and trade tensions with China.
Author
FXStreet Team
FXStreet
