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

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

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.
DOGE In/Out of the Money
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. 
XRP
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. 
Bitcoin
 

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FXStreet Team

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.

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Injective: Mounting selling pressure threatens a long-term support trendline

Injective: Mounting selling pressure threatens a long-term support trendline

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Bitcoin under pressure as MSCI removes Strategy from global indexes, puts billions in fund flows at risk

Bitcoin under pressure as MSCI removes Strategy from global indexes, puts billions in fund flows at risk

Bitcoin remains under pressure, trading below $73,800 on Thursday after correcting over 1.5% so far this week. Bearish sentiment grew after news on Wednesday that MSCI, the global index provider, announced it will drop Strategy and other BTC-holding companies from global indexes, putting billions in fund flows at risk.

MSCI drops Strategy from indexes: What it means for Bitcoin

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Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe have yet to find a floor

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Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

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