• Cryptocurrencies dropped significantly after the latest Federal Reserve decision.

  • Bitcoin has broken below the key support levels of $25,300 and $25,000.

  • XRP has formed a double top pattern on the daily chart.

Cryptocurrency prices plunged this week following serious monetary policy and regulatory concerns. Bitcoin It crashed below the critical support of $25,000 as most altcoins wiped out 2023 gains.This decline has since accelerated federal reserve It hinted at two more rate hikes later this year. This article explains what to expect with XRP, Hedera Hashgraph, and stacks.

XRP price prediction

XRP price has fallen this week after rising to a high of $0.5624. That high was also a year-to-date high, so it was an important level. This means the coin is forming a double top pattern, which is usually a bearish signal. The price neckline is at the May 11 low of $0.4075.

at the same time, ripple The price has managed to break above the 25- and 50-day exponential moving averages, indicating that the bears are gaining momentum. The Relative Strength Index (RSI) broke above the key level st 50 while one line of the Stochastic Oscillator indicator fell below the oversold level. XRP price also formed a small shooting star pattern.

Therefore, the outlook for Ripple is bearish and the next level to watch is the neckline of the double-dip pattern at $0.4075.

How to buy XRP

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Hedera Hashgraph Price Prediction

Hedera Hashgraph is a leading blockchain project aiming to be a superior and fast alternative to Ethereum. It’s faster, cheaper, and managed by big companies like Google, IBM, and LG. Like other cryptocurrencies, HBAR price has been on a strong downward trend over the past few months. That’s about 40% off its high this year.

HBAR price has broken below the critical support level of $0.0542, the March 10th low. The token fell below the 25- and 50-period moving averages. At the same time, the Relative Strength Index (RSI) continues to decline. Therefore, the coin may continue to fall as sellers target the next key support level of $0.035 (about 18.5% below the current level).

How to buy Hedera Hashgraph

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Stack price prediction

stack Despite the growing interest in Bitcoin development, the price is in a strong downward trend. STX was able to break below the lower side of the descending channel shown in orange. At the same time, the coin has broken below the 25-day and 50-day EMAs. It has broken below the 61.8% Fibonacci retracement level on the daily chart.

Stax also broke below the $0.50 psychological level. Therefore, the coin may continue to drop as sellers target the next level, $0.35.

How to buy stacks

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By Jules

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