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Cryptocurrencies Price Prediction: Ethereum, XRP & Bitcoin – American Wrap 13 August

Cryptocurrencies Price Prediction: Ethereum, XRP & Bitcoin – American Wrap 13 August
FXStreet TeamFXStreet TeamFXStreet

XRP supply on exchanges is on a decline, Ripple eyes 10% gains

Ripple (XRP) shared positive developments with traders in the past week, following the end of the Securities & Exchange Commission (SEC) lawsuit against the firm. XRP erased its losses and held steady above key support at $0.57 on Tuesday. 
XRP
Ethereum is up more than 2% on Tuesday following minor inflows across ETH ETFs. ETH technical indicators suggest that its price could approach the $2,000 psychological level in the coming weeks, but investors' accumulation may prevail due to key on-chain metrics.
Ethereum ETF Flows
Bitcoin (BTC) is trading slightly down by 0.5% at $59,039 on Tuesday, struggling to rebound from a 3.6% decline on Sunday. Continued outflows from US-listed Bitcoin Exchange Traded Funds (ETFs) on Monday and recent fund movements from the Mt. Gox wallet, as revealed by Arkham Intelligence data, add to the market's uncertainty. Additionally, bearish signs from on-chain data appear to be a drag on Bitcoin’s price prospects in the near-term, outweighing the move from mining company Marathon Digital Holdings (MARA), which has laid out plans to raise $250 million to acquire more Bitcoin. 
Bitcoin long-to-short ratio chart
 

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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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