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Cryptocurrencies Price Prediction: Ripple, Solana & Cryptos – American Wrap 05 July

Ripple extends losses on Friday, XRP plunges alongside altcoins in crypto market bloodbath

Ripple (XRP) piled losses alongside top altcoins and Bitcoin early on Friday. The German government’s Bitcoin transfers and Mt.Gox payback to creditors have created uncertainty among traders and increased the pressure on Bitcoin and altcoins like XRP. 
Solana's (SOL) price tested its monthly support at $122.77 and rebounded sharply on Friday. At the time of writing, SOL trades around $133.00, gaining roughly 4% in the day. Potential buyers on the sidelines seeking entry points may consider accumulating SOL between the $122.77 and $120.91 levels ahead of an anticipated upside rally in the coming days.
Crypto market lost nearly 6% in market capitalization, down to $2.121 trillion. Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) erased recent gains from 2024. 
 

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