Cryptocurrencies Price Prediction: Dogecoin, XRP & Bitcoin – American Wrap 12 August

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Dogecoin faces key hurdles as it attempts to stage a recovery

Dogecoin (DOGE) is up 0.5% on Monday as it attempts to stage a comeback from last week's market decline. In the past week, DOGE rallied 25% amid signs of recovery visible across its on-chain metrics. However, the technical side shows that key indicators could hamper DOGE's road to recovery.

XRP recovers amid Ripple stablecoin test, optimism over SEC lawsuit ruling

Ripple (XRP) recovers on Monday, almost erasing Sunday’s losses, as the payment-remittance firm begins testing its stablecoin Ripple USD (RLUSD) on the Ethereum mainnet and XRP Ledger. Ripple is awaiting regulatory approval on its stablecoin, so RLUSD is currently in private beta.

Bitcoin unlikely to hit new all-time high, says 10xresearch

Bitcoin (BTC) dipped under $60,000 on Monday as the sentiment among market participants turned from fear to “extreme fear.” A research report from 10xresearch confirms the emergence of two key market makers, political developments in the US and macroeconomic events this week.

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Cardano Price Forecast: ADA capped at $0.20 warns of over 15% downside

Cardano price is trading in the red on Wednesday, reversing after the recent 25% recovery was capped at $0.2000 the previous day. Speculative demand in ADA futures is easing, with Open Interest and funding rates declining. The technical outlook is mildly bearish, hinting at a pullback toward the 50-day Exponential Moving Average at $0.1761.

Crypto Overview: Bitcoin steadies above $64,000 – PUMP, ZEC sustain gains

Bitcoin price edges above $64,000 at press time on Wednesday, heading toward its 50-day Exponential Moving Average at $64,652. Meanwhile, Pump.fun and Zcash sustain gains after a rebound on Tuesday, with bulls eyeing further upside.

Aave founder revolts against proposal to cap Ethereum staking incentives at 50% of supply

Ethereum community members have pushed back against a new proposal that seeks to change the network's staking issuance policy by gradually reducing staking rewards as the number of staked ETH approaches 50% of total supply.

Ethereum Price Forecast: ETH holds steady below $1,900 as retail distribution rises

Ethereum (ETH) continued trading flat on Tuesday following modestly increasing exchange net flows and continued distribution across retail wallets. Ethereum on-chain data shows mixed sentiment across several wallet cohorts.

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.