Cryptocurrencies Price Prediction: RWAs, XRP & Crypto – American Wrap 30 April

FXStreet Team FXStreet

XRP slides as waning demand, soft derivatives undercut bullish social sentiment

Ripple (XRP) is under pressure, trading around $1.37 at the time of writing on Thursday as investors assess the Federal Reserve’s (Fed) hawkish tone. The central bank met expectations, leaving interest rates unchanged in the 3.50%–3.75% range on Wednesday amid the uncertainty around the United States (US)-Iran peace talks.

Tokenized RWA market value hit $19B in Q1, driven by Gold and Treasuries

Tokenized Real World Assets (RWAs) appear to be cracking out of their shells, with the latest CoinGecko report showing significant growth in market capitalization and trading volume across different asset classes.

Crypto Today: Bitcoin, Ethereum, XRP exhibit technical weakness as risk-off sentiment weighs

Bitcoin (BTC) holds above a short-term support at $76,000, after extending losses from its weekly high of $79,486, following the Federal Reserve’s (Fed) hawkish tone and uncertainty around the United States (US) peace negotiations with Iran.

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Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.