The fourth month of the year did not start well for crypto, but there is a significant Bitcoin block reward halving on April 20. In the past, this event has had positive outcomes on the markets. For this reason, investors generally view the current declines as buying opportunities. However, short-term investors continue to struggle with the sudden volatility. So what are the predictions for DOGE, ADA, and XRP Coin?
Ripple (XRP)
XRP has been trapped between $0.46 and $0.76 for a long time and has not seen the expected breakout. There are many reasons for this, with the short-term reason being the halt in BTC price increase. On April 1, XRP Coin lost its upward trend line and is now paying the price for BTC’s drop to $64,493.
The bulls have not given up and are striving for a new attempt at the 20-day EMA ($0.61), but for now, they need to continue defending the $0.57 support. If the current support bounces back to test the expected $0.61 resistance and fails, we could see a deeper correction down to $0.56 or even $0.52.
If the resistance level is breached, investors will focus on the $0.69 and $0.74 targets.
Cardano (ADA)
Now, the bulls trying to avoid closures below the $0.57 support have a tougher job. This is because volumes in the Spot Bitcoin ETF channel have dropped today compared to yesterday, and it seems unlikely that the market will find support from this. If the support is reclaimed and recovery begins, ADA Coin’s price could climb to $0.64 and $0.68.
Closures below support could trigger a head and shoulders pattern targeting the critical $0.46 support. This area could erase ETF gains and bring the risk of a deeper correction. If BTC sees an unprecedented correction down to the $40,000 range at this stage, spikes to the $0.38-$0.35 range would not be surprising.
DOGE Price Prediction
Dogecoin experienced a nice uptrend and had convinced everyone that the rally would continue up to $0.3. The Bitcoin downturn disrupted all plans, and investors wanting to retain their gains turned to profit selling. Moreover, open positions in futures trading reached the second-highest peak of all time.
If DOGE’s decline continues, closures below $0.18 could lead to a price drop to $0.14. To accelerate the uptrend, reclaiming $0.2 is essential.
