Forecasts for Ripple (XRP) Value, Latest Developments in Cardano (ADA), and More: Crypto Update for June 13

The Cardano (ADA) price suffered due to geopolitical tensions between Israel and Iran, dropping by over 7% in 24 hours to around $0.63. Despite predictions of a further drop, recent developments such as large-scale purchases by whale holders and the announcement of the first Bitcoin DeFi protocol on Cardano, Cardinal, offer hope.

Ripple's cross-border token, XRP, traded at about $2.14 following a 5% daily decline. Analysts have suggested a potential bullish reversal to $2.80 or even $10, depending on the resolution of Ripple's legal battle with the US SEC. Meanwhile, Ethereum (ETH) has fallen to around $2,500, a 13% decrease from a local high. Despite this, some market observers remain positive, suggesting that ETH is still in a strong position unless it dips below $2,380.