Cryptocurrency markets are still experiencing fluctuations, and the previously paused rise has not yet resumed. The negativity in Bitcoin and altcoins was triggered by accelerated GBTC sales starting March 20. Subsequent events quickly shaped the challenging environment of April.
Ripple (XRP)
Last year in July, XRP Coin tested the $0.94 level following a summary decision but has not approached its previous peak this year. Despite two attempts at $0.74, the bulls failed and returned to the $0.50 support level. Although the overall performance of the cryptocurrency markets has been very good, the price, trapped between $0.58 and $0.74, seems unaware of a bull season, partly due to the rapidly increasing circulating supply.
If the decline continues, sudden drops to $0.47, $0.41, and then $0.36 could be seen.
PEPE Coin Predictions
WIF Coin has dethroned it, and it has fallen to fourth place in the ranking of the largest meme coins. PEPE Coin was one of the standout altcoins last year and is still struggling to break the resistance at $0.00000784. If it can overcome this resistance, new attempts at $0.00000915 and $0.00001013 could be seen. Below, the supports at $0.00000698 and $0.00000586 could be tested in a potential May downturn.
LRC Coin Commentary
After peaking at $0.55 in February, the price reversed its steady rise. LRC Coin is now finding buyers above the $0.24 support level. Without seeing closures above $0.274 in the short term, it’s hard to be sure of a comeback. If the bulls regain strength, a rally above $0.285 could quickly open doors to the February peak.
FLOKI Coin Commentary
The rally at the end of February resulted in an 850% price increase in just 18 days. Following the general market downturn, FLOKI investors started selling. Although investors who had high profits avoided selling near the peak support areas for a long time, the unrecovered BTC price led to a drop to $0.000111.
Now, the LRC Coin price is struggling to overcome the resistance at $0.000195. As long as it maintains support at $0.000157, hopes for a new ATH continue.
