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Cryptocurrencies Price Prediction: XRP, Arbitrum & SUI – European Wrap 10 April

Cryptocurrencies Price Prediction: XRP, Arbitrum & SUI – European Wrap 10 April
FXStreet TeamFXStreet TeamFXStreet

XRP price faces bearish signals while Ripple opens applications for XRPLedger grants program

Ripple (XRP) price is testing a crucial support on Wednesday, at $0.60. The altcoin was hit by the market-wide correction as Bitcoin price coiled back under $70,000.

Ripple’s call for applications to the XRPLedger grant program and the XRPLedger upgrade to 2.1.1 are the two key catalysts likely influencing the XRP price on Wednesday. 

Arbitrum could face 20% correction as ARB upside looks capped

Arbitrum (ARB) price has breached its consolidation phase that existed for the most part of January, February and March, signaling the start of a potential downtrend after the March second-week crash. During this descent, ARB flipped a key support level into a resistance level, confirming an extension of the downtrend. 

Sui price extends losses, shrugging off creator's venture into Web3 gaming

Mysten Labs, the creator of the Sui blockchain, announced on Wednesday that it is venturing in the Web2 and Web3 gaming sector through the launch of a handheld device. 

Despite the announcement, the Layer 1 blockchain’s token SUI registered around 2% losses on Wednesday, extending its recent downtrend.

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