Crypto Price Prediction For Today, April 6: XRP, Bitcoin (BTC), Cardano (ADA)

Crypto traders woke up to green candles across the board this morning. The Bitcoin price ripped $1,600 higher in about 60 minutes, touching $69,000 and liquidating $81 million in shorts. XRP and Cardano moved up with the market, both seeing decent gains in the last session.

Why? News came out that the US and Iran are talking about a possible 45-day ceasefire that could eventually end the war.

As Max Crypto put it on X: “THIS IS HUGE. $BTC pumped above $69,000 and $ETH pumped above $2,100 on this news.”

But here’s the thing. US futures are still negative, which creates a strange split. Either crypto is front-running good news about a potential Iran deal, or this is weekend manipulation designed to wipe out leveraged shorts as the US markets open Monday morning.

XRP Price Outlook Shows Bearish Structure Despite Today’s Bounce

XRP is down about 1.8% over the past month. It is trading at $1.33, above its 7-day average, but still below its 30-day average. So even though there’s been a small push up in recent days, the bigger trend hasn’t flipped yet.

The chart shows the XRP price has been in a clear downtrend after topping out near the $3.60 region. Price has been making lower highs and slowly drifting down. Today’s bounce is welcome, but it’s happening on news, not on a change in structure.

The momentum studies remain bearish.RSI is at 43, which leans bearish but isn’t deeply oversold.

MACD is still negative, so sellers are still in control, even with this small bounce. Support sits around $1.31–$1.32. Resistance is near $1.35, with a stronger barrier between $1.38 and $1.40.

XRP Price Prediction For Today

XRP may continue riding the news-driven wave between $1.32 and $1.35 during today’s session. A move above $1.35 could open the path toward $1.38. If the Iran news fades or disappoints, a break back below $1.32 could send the XRP price towards $1.30.

Bitcoin Price Outlook Shows Sideways Structure With A Big Catalyst Coming

Bitcoin has actually gained about 1.7% over the past 30 days, which puts it in better shape than XRP or ADA. Price now trades near $69,112, which sits just below the 30-day average of $69,325 but above the 7-day average near $67,935.

Bitcoin has been ranging sideways for weeks now, trading within the $65,000-$70,000 range. The upward movement to $69,000 is quite impressive, but it hasn’t managed to break out yet. $70,000 is the critical level; it needs to be broken.

Indicators aren’t saying much yet. RSI is around the middle, and MACD is slightly positive, so buyers have a small edge but nothing strong.

Here’s the bigger picture. A two-stage ceasefire plan is apparently on the table. Stage one is a 45-day temporary ceasefire where both sides would negotiate permanent terms. 

Stage two is the final deal, which requires the full reopening of the Strait of Hormuz and the removal or dilution of Iran’s enriched uranium. Polymarket gives this a 27% chance of happening before April 30, up 10% in the last 24 hours.

In the case where things work out, the BTC’s  price could rise above $70,000 and head towards $72,000 and even $75,000. In the event of failure in negotiations, the upward spike in price may be reversed within a flash and return to the range around $67,000.

Bitcoin Price Prediction For Today

Bitcoin will most likely range from $68,500 to $70,000 today. If it rises to surpass $70,000 with good demand, it may go on to trade at $72,000. Otherwise, it should fall to trade near $68,00

Cardano Price Outlook Shows Bearish Structure With A Small Bounce

The decline in Cardano’s price within the last 30 days stands at -0.6%, which is not so bad as compared to that of XRP. Currently, Cardano’s price stands at $0.2572, which is higher than the 7-day average of $0.24604 but almost at par with the 30-day average of $0.25772.

This is an important factor to consider since ADA seems to be trading exactly on its average.

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The chart shows Cardano has been struggling for months. After trading much higher, ADA has been making lower highs and lower lows. 

Today’s 5.5% bounce to $0.2572 is nice to see, but it’s happening on news, not on technical strength. And because price is sitting right on the 30-day SMA, this level could act as either support or resistance depending on which way the news swings.

Momentum indicators are neutral. RSI sits at 50.45 and is perfectly centered on the line, meaning that neither the buyers nor the sellers are in command currently. The MACD has a value of 0.00078, which indicates that there is no momentum whatsoever.

The key levels include immediate support at $0.2460, which is the 7-day simple moving average level. A breakdown would result in a drop towards $0.2410 and $0.2350. The main resistance can be seen at $0.2580 to $0.2600, while there will be more significant resistance at $0.2700 in case of any news from Iran.

Cardano Price Prediction For Today

Today’s trading range for Cardano can be between $0.2500 and $0.2600. Breaking past the level of $0.2600 would mean that ADA is headed for $0.2700.

However, should the situation in Iran turn out to be negative or if no positive developments are made there, then the ADA price will dip to $0.2460 and $0.2410 respectively. For now, ADA is at a crossroads and the coming hours will determine its future direction.

However, today’s crypto pump all comes down to one thing: the US-Iran ceasefire news. If the 45-day deal moves forward, Bitcoin could finally break $70,000 and take XRP and ADA along for the ride. 

If the talks fall apart, this weekend rally might turn out to be nothing more than a short squeeze for Monday’s open. Keep an eye on the news, because the next 24 hours could decide which way this market goes.

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The post Crypto Price Prediction For Today, April 6: XRP, Bitcoin (BTC), Cardano (ADA) appeared first on CaptainAltcoin.