The price of Bitcoin and cryptocurrencies is increasing. XRP, ADA and DOGE update

Now that the US markets are closed again, we are of course looking at the live Bitcoin price and the prices of the top 25 cryptocurrencies. After that, we look at updates to Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE).

Of course, we will start with the live Bitcoin price and the prices of the top 25 cryptocurrencies.

Bitcoin price live and top 25 cryptocurrency prices surge

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

The prices of most of the other 25 crypto coins are also increasing. We see red numbers. 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 Tradeincrypto.com site you can see all cryptocurrency prices live 24 hours a day.

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

Many people believe that Ripple (XRP) stands firm in the lawsuit filed by the SEC, but of course, the proverbial prizes are only awarded at the end. That is why we must also ask ourselves another question.

What happens if Ripple (XRP) loses to the SEC?

Ripple (XRP) CEO Brad Garlinghouse answered this question in an interview with Bloomberg. Of course, you can watch the full interview here.

In short, the CEO of this crypto explains that the organization is already running as if it had lost the case. To understand his comment, it is important to realize that a negative statement (meaning that Ripple (XRP) is considered a security) is only valid in the United States. Many US companies cut all ties with Ripple (XRP) as a precautionary measure when the lawsuit was filed. If the case is lost, it will remain impossible to do business for or with Ripple (XRP) in the United States.

Of course, there will surely be a sharp drop in price if the verdict is truly negative, but according to Garlinghouse there is no doubt about the company’s survival.

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

To benefit from a sharp price increase if Ripple (XRP) wins, many investors are already buying this cryptocurrency. Obviously, this has a favorable impact on technical analysis.

This means that based on the technical analysis and video analysis below, there is room for significant gains. A price gain of 70% to 140% is concrete.

You can see the attached video analysis here.

In addition to a bullish scenario, there is always a bearish scenario. This does not become real until the price of Ripple (XRP) produces a three-day candlestick chart below $0.515, according to the analysis. The bullish scenario is then broken and investors must take into account a further drop to $0.444. This is still a long way from the live Ripple price (XRP) which stands at $0.643 after today after a 1.41% loss.

Also crypto bulls for Dogecoin (DOGE)?

We saw Dogecoin (DOGE) on corrections earlier this week evaporate all gains after news of Elon Musk’s Twitter acquisition approval. Still, it seems too soon to accept the loss.

For example, analyst Ali Martínez points out that whales are particularly active and can become even more active. This in itself is a bullish sign, but also expect a big Dogecoin price push started by Elon Musk soon.

Here too, the technical analyzes match Martinez’s expectations. If Dogecoin (DOGE) manages to break through the resistance at $0.159, the path is clear for roughly 70% growth ($0.235 Dogecoin price target). In this video analysis you can see how this can go.

Dogecoin’s bullish price forecast looks realistic. This can only turn bearish if both Bitcoin drops sharply and Dogecoin enters a weekly candlestick chart below $0.078. In that case, the shock is expected to escalate. A price target of $0.048 is then taken into account. Although this cryptocurrency lost 2.02% today, with the current price of Dogecoin (DOGE) at $0.1362, there does not seem to be any cause for great concern.

Bears on the way for Cardano (ADA)?

There is cause for concern for investors in Cardano (ADA). For example, news broke that the next Vasil Hardfork was postponed by at least a few weeks, but experts are also factoring in a period of months. This is mainly due to competition between Cardano (ADA) and parties like Minswap and SundeaSwap. These released new features and Cardano (ADA) must include them in its update to remain relevant. However, it takes months to code and test these functions.

On-chain metrics also tell a sober story for this crypto. For example, ‘real volume’ has fallen from $750 million a day in early April to less than $100 million today. Such a decrease has an effect on the price. If nothing else happens, this could lead to a price of $0.70 in May. From the Cardano (ADA) live price of $0.842, this is a significant step up. What is striking is that, despite the negative news, this cryptocurrency has a daily gain of 0.12%.

So there is enough going on in crypto to follow developments.

Want to stay informed of the latest price changes?

You can always follow the developments yourself with our WANT crypto analyzes or feature articles and previews on the crypto market and Bitcoin. Of course, you can also follow live prices 24 hours a day if you want to stay informed in real time. Are you also interested in other investments besides cryptocurrencies? So our weekly price forecast on Monday morning may be some reading advice. †Note: We never provide financial advice, so you may not interpret our contributions in that way. Always do your own research and make rational decisions about if, when, what and how much you want to invest in.”

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Cryptocurrency Update: The price of Bitcoin and cryptocurrencies is rising. XRP, ADA and DOGE update

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