Cryptocurrencies Price Prediction: Shiba Inu, Solana & Ripple — Asian Wrap 13 December

FXStreet Team FXStreet

Shiba Inu price remains bound to a downtrend under these on-chain metrics

Shiba Inu price is putting up a fight against the bearish force, but on-chain metrics show the downtrend is unfazed. Countertrend scalping the SHIB price could become problematic as the potential for a strong sell-off lingers underneath the notorious meme coin's hood.

Solana price historically sells off by 50% when this network indicator doubles, could it happen again?

Solana price is preparing for its next surge as price consolidates since November. Based on recent months, the SOL price leans more bearish. Still, the current range can squeeze out more gains. Key levels have been defined to assess a bullish and bearish scenario.

Believers in ‘third time’s the charm’ should buy XRP price right now as 13% gains forecasted

Ripple (XRP) price is set to get some backing from the Fed as this week mostly focuses on US inflation and its central bank. Expected to come on Wednesday evening is a speech where Fed Chair Jerome Powell will hike interest rates by 50bp.

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FXStreet Team

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Bitcoin derivatives reset as leverage cools amid subdued spot demand

Bitcoin's recent correction has reduced leverage across derivatives markets, creating a healthier structure amid weak spot trading activity, according to a report from CryptoQuant on Monday. The report stated that Bitcoin's decline over the past few weeks appears to reflect a broad futures market reset rather than the buildup of new speculative positions.

Ripple and Stellar outlook: Under selling pressure as cautious sentiment raises downside risks

Ripple and Stellar remain under selling pressure as cautious market sentiment continues to weigh on the broader crypto market. XRP struggles to reclaim the upper boundary of its falling channel, while XLM extends its decline for a fifth consecutive day.

Crypto Overview: Bitcoin holds steady as ETF outflows decline – DEXE and TIA extend gains

Bitcoin hovers above $64,000 holding steady after a roughly 4% drop last week. Data shows that institutional outflows are easing, suggesting broader market recovery potential, while DeXe and Celestia have emerged as frontrunners over the last 24 hours.

Ethereum Price Forecast: Ethlabs launches as new ecosystem steward funded by BitMine, SharpLink

Ethereum treasuries BitMine Immersion and SharpLink, alongside co-founder Joe Lubin, have partnered to fund Ethlabs, a new research and development lab for the smart contract blockchain.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.