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