Cryptocurrencies started the week with an upward trend but have returned to previous levels. Sales increased among altcoins, with traders unable to recover their losses. Next week is crucial, as we are likely to see a definitive direction and potential break in cryptocurrency trends. What are the forecasts for AVAX, SHIB, and XRP Coin?
Shiba Coin (SHIB)
Today, the PCE data came in above expectations. The Michigan index indicates high inflation expectations. Coupled with the unusually low consumer confidence figures, this has led to a panic atmosphere in risk markets. While gold continues to rise, stock losses are mounting, affecting cryptocurrencies as well.
XRP Coin
Among the largest altcoins by market cap, XRP has escaped regulatory pressure. With the growth of RLUSD, we will likely feel the long-term effects of Trump’s support for U.S.-based cryptocurrencies. Various developments, including Ripple 
$1‘s potential IPO, provide supportive factors for XRP Coin.
However, the price has dropped below the $2.2 support level, heading towards $1.98. If there are sudden declines, this level may be tested. Volume in the markets remains low, leading to negative sentiment and fear as we approach another weekend of testing.
Avalanche (AVAX)
In the last assessment, we discussed the risks of further losses. We mentioned that sales could accelerate towards $19.75, which the price is nearly approaching. If this region cannot hold as support, AVAX may continue down to $18.3 and $17.5 after the recent sharp rise.
For AVAX to recover, reclaiming $22.4 as support is essential. At the time of writing, BTC is priced near its daily low at $83,688.
