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Cryptocurrencies Price Prediction: XRP, Cryptos & Shiba Inu – American Wrap 16 August

XRP loses $0.57 support, while Ripple CLO indicates SEC is less likely to win appeal

Ripple (XRP) traders are still digesting the outcome of the Securities & Exchange Commission (SEC) lawsuit against Ripple. Chief Legal Officer Stuart Alderoty spoke to the team at CryptoLaw in a recent interview, which was published on X. 

Financial firm Jane Street filed Q3 13-F filing with the Securities & Exchange Commission (SEC) shows that the giant increased its overall position in Spot Bitcoin Exchange Traded Funds (ETFs) from $613 million in Q1 to $710 million in Q2 2024. 

Shiba Inu (SHIB) is in a state of decline, even as the meme coin unveils plans for its Layer 2 scaling solution Shibarium. Lucie, behind the X handle @LucieSHIB, shared details of how Shibarium’s scalability and low transaction costs can help power play-to-earn and meme games in the Shiba Inu ecosystem. 
 

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