Cryptocurrencies Price Prediction: Cryptos, SEC & Bitcoin – American Wrap 24 July

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC breaks crucial support ahead of FOMC minutes

Bitcoin (BTC) price continues south after breaking the crucial support. The slump has harmed altcoins, with Ethereum (ETH) and Ripple (XRP) prices bearing the brunt. Meanwhile, the crypto market looks to the oncoming Federal Open Market Committee (FOMC) meeting on Wednesday without much expectation, seeing as its influence on crypto market prices has been rather limited of late.

Coinbase vs. SEC lawsuit: Regulatory body set to face exchange in court on August 4

Coinbase is next in line to fight the Securities and Exchange Commission (SEC) after being sued for allegedly violating Securities law. Both parties are set to appear in court soon as the United States’ regulatory landscape witnesses another potential major case following the Ripple lawsuit.

Pro-XRP John Deaton argues SEC vs Ripple ruling is sound, cites Celsius bankruptcy example

Bankrupt crypto lender Celsius’ progress in bankruptcy court made the headlines last week as the firm finalized its strategy to repay creditors. Pro-XRP attorney John Deaton cited the Celsius bankruptcy case to explain that, unlike the bankrupt crypto lender’s case, XRP holders or traders did not lose their funds to Ripple, since many were unaware of the firm’s existence.

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

Aave Price Forecast: Bearish RSI divergence risks a 20% drop despite steady DeFi deposits

Aave (AAVE) extends a mild near-term recovery, holding above its 50-day Exponential Moving Average at $90.80. Aave protocol’s V3 deployment on Monad blockchain recorded over $500 million in deposits over the last month, reflecting increased user adoption.

Dogecoin Price Forecast: Bullish divergence hints at DOGE recovery

Dogecoin (DOGE) steadies near $0.070 after falling 3.5% last week. While the broader trend remains bearish, improving derivatives metrics and bullish divergences in momentum indicators suggest that selling pressure may be easing, hinting at a potential recovery. Derivatives data shows bullish sentiment among Dogecoin traders.

Top Altcoins Price Forecast: Ripple nears triangle breakout while Cardano, Hyperliquid rebound

Ripple trades above $1.00, approaching the apex of a symmetrical triangle pattern. Cardano and Hyperliquid hold steady, sustaining gains from the recent rebound. The technical outlook for XRP is mixed while ADA and HYPE maintain a bullish bias. XRP maintains a mixed tone on the daily chart, trapped between two converging trendlines forming a symmetrical triangle pattern.

Ripple and Stellar outlook: XRP and XLM steady as derivatives data points to easing downside pressure

Ripple (XRP) and Stellar (XLM) show mixed price action on Tuesday, with XRP holding above the key $1 support zone while XLM faces rejection at $0.173. Meanwhile, improving derivatives metrics alongside fading bearish momentum suggest that the downside pressure may be easing for both altcoins. Derivatives data shows mild bullish sentiment among traders.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.