fxs_header_sponsor_anchor

Cryptocurrencies Price Prediction: Ethereum, XRP & Monero – American Wrap 09 August

Ethereum's bearish momentum weakens as Grayscale's ETHE outflows slowdown

Ethereum (ETH) is up 0.4% on Friday as ETH ETFs record another day of mild inflows. The recent market crash could also alter earlier predictions of the ETFs, boosting ETH to a new all-time around $5,000.

The US Securities & Exchange Commission (SEC) vs. Ripple lawsuit ended after a long-drawn legal battle with the court asking the firm to pay $125 million in fines. Judge Analisa Torres noted that the firm is likely to violate federal securities laws if it hasn’t already, raising concerns about an SEC appeal. 

XRP suffered a correction on Friday, down to $0.5778 at the time of writing. 

Monero Price Forecast: XMR poised for a 13% crash

Monero (XMR) is retesting a descending trendline and is trading slightly lower by 1% at $156.21 on Friday. Traders looking to short XMR might consider entering around the $160 level, anticipating a potential decline in the upcoming days.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2025 FOREXSTREET S.L., All rights reserved.