XRP, BTC, ETH Price Prediction As Inflation Data Sparks Downturn in U.S. Stocks

The release of U.S. inflation data triggered an immediate decline in the Cryptocurrencies price trends. All digital assets experienced a market correction because of this recent development across the crypto market. Bitcoin trades below $83k and Ethereum exists below $1,800 in the current market situation. The current global crypto market cap reaches $2.68 trillion although it has declined by a total of 1.82% throughout the last day.

Trading activities experienced a substantial decline as market liquidity decreased to a 30% drop resulting in $62.18 billion volume. Bitcoin dominance rises to 61% as investors demonstrate a reserved market sentiment across the crypto market. A nationwide market downturn has been caused by stock market variants and decreased customer optimism that resulted in crypto liquidations totaling $450 million.

XRP

XRP has seen a 12% drop in just 48 hours, making it the worst-performing major cryptocurrency this week, despite Ripple’s victory over the SEC. The cryptocurrencies price, particularly XRP’s, has been on a downward trend. 

A crypto analyst noted that if XRP manages to break above $3, it could invalidate the current head-and-shoulders pattern, potentially turning the outlook bullish for the cryptocurrency.

Bitcoin (BTC)

The Bitcoin market suffered a substantial price decrease in recent 24 hours which pushed its value below $83,000. Since recent height at $90,000 the leading Cryptocurrency has started to decline in price. The most recent BTC market information reveals its status at $82,324 while showing a decline of 2% during one day.

Crypto analyst AlI noted Bitcoin’s significant indicator, which shows that its sell-side ratio has dropped down to 0.086%. Previous price recovery signals have emerged when the sell-side ratio dipped below 0.1%.

The persisting bearish pressure would likely lead Bitcoin to fall briefly to $80,000 in the forthcoming period. The BTC price could increase to $90,000 provided the bulls eventually recapture dominance from bears.

Ethereum (ETH)

Ethereum prices faced a major drop during the past day resulting in values falling beneath $1,900 due to market-wide selling pressure. Within this period $136.21 million worth of liquidations occurred because of the price decline. 

ETH price trades at a downward price movement while market participants continue to predict it will reachthe $2,000 mark. Ethereum may reach its key support region at $1,800 if its bearish movement keeps going down. A whale made an impactful purchase of 3,195 ETH which amounted to $5.97 million at the token rate of $1,868. 

This whale has spent 29,341 ETH worth $58.18 million dollars starting from March 26 at $1,983 for each token.

Conclusion

The cryptocurrency market currently experiences difficulties because of underlying economic market indicators. The market participants carefully observe how inflation data influences stocks and cryptocurrencies simultaneously.