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Cryptocurrencies Price Prediction: Ripple, Uniswap & Cryptos – American Wrap 01 August

Ripple makes key announcement, fear among XRP traders as SEC cancels closed-door meeting

Ripple (XRP) informed market participants of the arrival of tokenized US Treasury bills on the XRP Ledger through an official tweet on X. The announcement marks the firm’s strategic move at a time when XRP traders experience the uncertainty of the Securities & Exchange Commission (SEC) lawsuit. 
DeFi token Uniswap (UNI) is trading at $7.15 on Thursday, with the Uniswap Exchange Flow Balance showing a negative spike that suggests a bullish price move. The Supply Distribution reveals that a cohort of whales has capitalized on the dip to buy UNI, and with rising Development Activity and decreasing Supply on Exchanges, the outlook for UNI remains bullish.

Bitcoin hovers around $65,000 at the time of writing. The largest crypto asset by market capitalization noted large swings in its price in response to US macroeconomic releases. Long-term holders have accumulated the asset consistently in the last two months.

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