- An improvement in XRP accumulation might drive the price toward $0.65.
- With a bullish trend formed, DOGE bulls might push the value back to $0.22.
- .Money flow to SHIB increased, suggesting a surge in the $0.000035 direction.
Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) followed the broader market in the last 24 hours. This price movement ended in minor gains for the cryptocurrencies. As per the price potential, here’s how they might fare in the short term.
XRP Price Analysis
XRP declined to $0.59 on April 10 but it joined the market revival and was trading at $0.62 at press time. Beyond the price action, the Accumulation/Distribution (A/D) indicator revealed that market participants bought the dip on the token, and this was one of the reasons the price increased.
As of this writing, distribution had not taken over, indicating that a further increase could be likely. Should this be the case, XRP might key into the $0.65 resistance. On the other hand, the MACD showed that buyers and sellers were in a battle for dominance, and this might invalidate the bullish thesis. In this case, the price of the token might trade between $0.58 and $0.61.
DOGE Price Analysis
Dogecoin reclaimed $0.20 after its price increased by 6.99% in the last 24 hours. According to the 4-hour chart, the coin was able to jump because of the golden cross formed on April 7. On the said date, the 20 EMA (blue) crossed over the 50 EMA (yellow), indicating a bullish trend.
If DOGE sustains the uptrend, it could climb toward $0.22— that is if bears fail to intercept the movement. On the other hand, a decline to $0.18 could be next if bulls are unsuccessful.
SHIB Price Analysis
SHIB bulls have found it difficult to resist the $0.000030 psychological resistance, according to the 4-hour analysis. On April 9, the token rose in that direction but was forced back after a rejection at $0.000029.
At press time, SHIB changed hands at $0.000028. However, the RSI indicated increasing buying momentum for the memecoin. Should this continue, SHIB’s price might eventually hit $0.000030 in the short term.
The Chaikin Money Flow (CMF) also aligned with the prediction as the reading climbed. With the CMF increase, SHIB could be on the verge of an uptrend that sends it toward $0.000035.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
