Cryptocurrencies Price Prediction: Pi Network, Ripple & Crypto – European Wrap 13 July

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Pi Network Price Forecast: PI risks further decline in a bearish setup

Pi Network (PI) remains in a steady declining trend, losing roughly 6% on Monday after a 7% drop the previous day. Retail demand is stretched thin, with Open Interest falling below $9 million on Monday, while the technical outlook suggests a steeper correction toward the lower support trendline of a falling channel pattern around $0.075.

Ripple Price Forecast: XRP decline targets $1.00 support

Ripple (XRP) remains in a dominant bearish trend, trading at $10.08 as of Monday. This marks the third straight day the remittance token has extended its correction, with targets at the next key support levels of $0.04 and $1.00, respectively.

The crypto market is struggling to break out, but sentiment is improving

On Monday morning, the crypto market capitalisation retreated to $2.16T from the $2.20T region, where we also saw increased selling pressure in the middle of last month. In the short term, market capitalisation remains below the 50-day moving average, showing no signs of a shift to a bullish trend.

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FXStreet Team

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