Bitcoin price continues to linger below $69,000, while altcoins are generally painted red. We will also touch on ETF data, but there isn’t a very bright picture according to the data available at the time of writing. So, what are the current predictions for XRP, DOGE, and ADA Coin?
Ripple (XRP) Commentary
SEC officials continue to accuse crypto companies of non-compliance while suffering losses in US courts. With attitudes towards crypto being controversial even among SEC members, it’s not surprising that US courts describe Gensler’s management as capricious, biased, and arbitrary.
XRP Coin‘s price was at $0.587 at the time of writing. Although the latest stablecoin move triggered a short rise, it wasn’t enough to assist the bulls. XRP fell below the uptrend line on April 3rd, and bears reversed every small rally on April 4th.
The 20-day EMA has retreated to $0.61, and since the price remains below this level, the outlook is still negative. If selling continues, we might see XRP Coin’s price drop to $0.56, then $0.52, and subsequently to $0.48 in the coming days.
If the price unexpectedly rebounds, we could see XRP Coin climb to $0.69 and $0.74 with closures above $0.61.
Dogecoin (DOGE) Commentary
Here too, a similar outlook is present. The 20-day EMA was at $0.18, and DOGE bulls are unable to maintain this level as support. Now, bears aim to pull the DOGE price down to the 50-day SMA, which is $0.15, while Bitcoin stays below $69,000. Below this, the environment for excessive selling will begin to form.
If the decline continues, the $0.12 support area could be tested. In the opposite scenario, targets of $0.23 are aimed for with closures above $0.19 for DOGE.
ADA Coin Predictions
ADA Coin is among the cryptocurrencies that have not diverged positively and have been swept up in BTC sales. Its high market value largely makes this inevitable. Bulls are aiming to maintain $0.57 in Cardano. If this area is lost, we could see a move to the $0.33 target of the previously mentioned head and shoulders formation.
Alternatively, if the price rebounds from $0.57, $0.68 could be tested.
