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Cryptocurrencies Price Prediction: XRP, Avalanche & Cryptos – American Wrap 31 July

XRP rallies to $0.65 amidst optimism of Ripple win in SEC lawsuit

Ripple (XRP) is making headlines for the anticipated final ruling in the Securities & Exchange Commission (SEC) lawsuit. The lawsuit and SEC’s stance on XRP has acted as an influential market mover for XRP since the beginning. 
DeFi token Avalanche (AVAX) is trading at $26.46 on Wednesday, as its partnership with the California DMV to digitize 42 million car titles with blockchain is expected to enhance efficiency and security. Billionaire investor Mark Cuban suggests this could significantly boost AVAX's growth and adoption while rising development activity and increased blockchain usage of on-chain data hint at potential rallies for AVAX in the coming days.

Bitcoin trades under $67,000 as traders expect volatility in response to the US macroeconomic events this week. BlackRock’s Bitcoin ETF (IBIT) noted $40 million less inflows compared to Ethereum (ETHA), on Tuesday. Institutional demand is likely shifting towards Ethereum.

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