Cryptocurrencies price prediction: XRP, Shiba Inu & Cardano – American Wrap 02 April

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XRP extends pullback as on-chain activity and ETF flows deteriorate

Ripple (XRP) is trading near $1.30 at the time of writing on Thursday, as Iran's war-driven sentiment weighs on risk assets. XRP’s attempt to regain momentum this week stalled near $1.37 on Monday, reflecting risk-off sentiment amid capital exiting digital investment products.

Two reasons to be bearish on Shiba Inu

Shiba Inu (SHIB) has corrected from its daily open of $0.0000060 to trade around $0.0000058 at the time of writing on Thursday. The meme coin’s technical levels remain significantly depressed, weighed down by widespread risk-off sentiment due to the United States (US) and Israel’s war with Iran and sticky macroeconomic uncertainty.

Cardano Price Forecast: ADA slips below consolidation range as risk-off sentiment weighs

Cardano (ADA) is edging lower, trading at $0.235 at the time of writing on Thursday, as crypto prices broadly decline amid war-driven, risk-off sentiment. The smart contracts token hovers below key momentum indicators, signaling a higher probability for persistent correction rather than an immediate trend reversal.

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FXStreet Team

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

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

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

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.