Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 24 February
|Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity
Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.
Weak ETF flows and retail demand weigh on XRP
Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.
Bitcoin nears 60K as tech selloff and tariff risks weigh – Is more downside ahead?
Bitcoin is extending losses, falling to 63k, a two-week low at the time of writing. The largest cryptocurrency trades 4.7% lower over the past 24 hours, around 7% lower over the week, and is down more than 19% in February. This puts Bitcoin on track for its worst monthly performance since June 2022, a year marked by a series of high-profile industry collapses.
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.