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Cryptocurrencies Price Prediction: Ethereum, Ripple & Cryptos – American Wrap 23 August

Cryptocurrencies Price Prediction: Ethereum, Ripple & Cryptos – American Wrap 23 August
FXStreet TeamFXStreet TeamFXStreet

Ripple whales back out, XRP hovers near key support at $0.60

Ripple (XRP) trades close to $0.60, a key psychological level for the altcoin. Ripple whales shed their holdings while retail investors accumulate the altcoin. 
XRP
Ethereum is up 5% on Friday as bulls have initiated heavy buying pressure following indications from US Federal Reserve (Fed) Chair Jerome Powell that an interest rate cut is imminent.
ETH Exchange Netflow

Bitcoin trades above $61,000, early on Friday, adding 1% to its value on the day. The largest asset by market capitalization has seen a decline in exchange reserves on centralized exchanges. CryptoQuant data shows that Bitcoin exchange reserves have dipped to a multi-year low. 

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