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Cryptocurrencies price prediction: XRP, Bitcoin & Dogecoin – American Wrap 23 December

Ripple Price Forecast: XRP extends losses amid suppressed network activity

Ripple (XRP) is extending its decline below $1.90 at the time of writing on Tuesday, as headwinds intensify across the crypto market. Negative market sentiment has persisted despite a surge in inflows to XRP spot Exchange Traded Funds (ETFs) .

Medium- and long-term Bitcoin forecasts

Despite strong accumulation by Bitcoin ETFs and DATs this year, Bitcoin’s price has failed to attract the strong retail participation seen in previous cycles.

Dogecoin Price Forecast: DOGE ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin (DOGE) is hammering on $0.13 support at the time of writing on Tuesday as overhead pressure continues to spread across the crypto market. The largest meme coin by market capitalization faces a deteriorating technical structure, weighed down by a weak derivatives market.

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Kraken’s parent plans regulated US perpetual futures on Hyperliquid

Hyperliquid has named Payward, the parent company of crypto exchange Kraken, as its intended first Commodity Futures Trading Commission-regulated deployer on HIP-3 markets. In an X post on Monday, Hyperliquid stated that Payward plans to use its infrastructure to deploy perpetual futures markets for US customers. The proposed arrangement remains subject to regulatory approval.

Pi Network Price Forecast: PI stalls as weak crypto sentiment caps recovery

Pi Network holds steady above $0.0760 stalling after a roughly 2% rebound the previous day. The broader market's weak sentiment and reduced trading volume weigh on the PI token. The technical outlook is bearish, with price capped below a long-term resistance trendline and weak momentum.

Ripple and Stellar outlook: XRP and XLM remain under pressure as bearish momentum persists

Ripple and Stellar continue to remain under pressure, trading below $1.30 and $0.169 respectively, after a mild recovery the previous day. Both XRP and XLM remain below their key Exponential Moving Averages, indicating bearish price action. Moreover, mixed derivatives metrics and cautious on-chain data are capping sustained recovery in XRP and XLM.

Ripple secures OCC approval for National Trust Bank
Brad Garlinghouse, CEO of Ripple, announced in an X post on Monday that the Office of the Comptroller of the Currency (OCC) has granted final approval to charter Ripple National Trust Bank (RNTB). The federally supervised national bank demonstrates Ripple's progress toward building digital asset infrastructure within a regulated financial system.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.