Crypto lunch BTC price rises crypto too bull and bear

Crypto update: Bitcoin and crypto price rises. XRP, ADA & DOGE update

Now that the US markets are closed again, we naturally look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at updates for Ripple (XRP), Cardano (ADA) and Dogecoin (DOGE).

We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.

Live Bitcoin price and prices top 25 crypto rise

At the time of writing, the live Bitcoin price is quoting EUR 37,863.23 ($39,785.07). This is 1.61% higher than during our crypto update last night.

The prices of most other coins in the crypto top 25 are also rising. We are seeing red numbers though. The biggest loss of the day is for Avelanche (AVAX) with -3.28%. The biggest increase is for a new coin, namely Apecoin (APE) with +31.32%. On the site of Tradeincrypto.com you can view all live crypto prices 24 hours a day.

This is what we can expect in crypto from Ripple (XRP)

Many people believe that Ripple (XRP) is in a strong position in the lawsuit filed by the SEC, but of course the proverbial prizes are only handed out at the finish line. Therefore, we must also ask ourselves another question.

What happens if Ripple (XRP) loses to SEC?

This question was answered by Ripple (XRP) CEO Brad Garlinghouse in an interview with Bloomberg. You can of course watch the entire interview here.

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LIVE: Crypto regulation, the market’s integrity and its influence on Washington in today’s Bloomberg Crypto show.

Today’s guests: – Kathy Kraninger, VP of Regulatory Affairs at Solidus Labs, and Brad Garlinghouse, CEO at Ripple https://t.co/Pc3TC7yn5O

– Bloomberg TV (@BloombergTV) April 26, 2022

In a nutshell, the CEO of this crypto explains that the organization is already being run as if they lost the case. In order to understand his comment, it is important to realize that an adverse ruling (implying that Ripple (XRP) is seen as security) is only in effect in America. Many American companies, when the lawsuit was filed, cut all their ties with Ripple (XRP) as a precaution. If the case is lost it will remain impossible to do business in America for or with Ripple (XRP).

Of course, there will certainly be a hefty drop in the share price if the ruling is indeed negative, but the survival of the company should not be in doubt, according to Garlinghouse.

Crypto analysis Ripple (XRP): short-term returns for investors

In order to benefit from a hefty price increase if Ripple (XRP) does win, many investors are now buying this crypto in advance. This obviously has a favorable impact on the technical analyses.

This means that based on technical analyses and the video analysis below, there is room for substantial returns. A price gain of 70% to 140% is concrete in this regard.

You can watch the accompanying video analysis here.

In addition to a bull scenario, there is always a bear scenario. According to analyses, this only becomes real when the Ripple (XRP) price produces a three-day candlestick chart below $0.515. The bullish scenario is then broken and investors should then expect a further price drop to $0.444. This is still a long way from the live Ripple (XRP) price which stands at $0.643 after a loss of 1.41% today.

Also crypto bulls for Dogecoin (DOGE)?

We saw that Dogecoin (DOGE) in corrections earlier this week evaporated all gains again after the news of Elon Musk’s approval for acquisition of Twitter. Still, it seems too early to accept the loss.

For example, analyst Ali Martinez signals that the whales are particularly active and may become even more active. This in itself is a bullish sign, but he also expects that there could soon be a huge push of the Dogecoin price initiated by Elon Musk.

Again, technical analyses fall in line with Martinez’s expectations. If Dogecoin (DOGE) manages to break resistance at $0.159 the way is open for some 70% growth (Dogecoin price target of $0.235). In this video analysis you can see how this could play out.

The bullish Dogecoin price forecast seems real. It can only turn bearish if both Bitcoin makes a big crash and Dogecoin’s weekly candlestick chart drops below $0.078. In that case one expects the crash to intensify. A target price of $0.048 is then taken into account. Although this crypto lost 2.02% today, with the current Dogecoin (DOGE) price of $ 0.1362 there seems no reason for acute concern.

Bears on the horizon for Cardano (ADA)?

That cause for concern does exist for investors in Cardano (ADA). For example, news came that the upcoming Vasil Hardfork has been delayed by at least a few weeks, but insiders are also taking into account a time frame of months. This is mainly due to the competition between Cardano (ADA) and parties such as Minswap and SundeaSwap. These launched new features and Cardano (ADA) has to include them in its update to stay relevant. However, it takes months to write and test these features in code.

The on-chain metrics also tell a sober story for this crypto. For example, “real volume” has dropped from $750 million per day at the beginning of April to less than $100 million today. Such a drop has an effect on the price. If nothing else happens, it could lead to a price of $0.70 in May. From the live Cardano (ADA) price of $0.842, this is a hefty move. The remarkable thing is that despite the negative news, this crypto recorded a daily gain of 0.12%.

So again, there is plenty going on in crypto to keep following the developments.

Want to stay up to date on the latest price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”