Cryptocurrencies Price Prediction: Fartcoin, Ripple & Cryptos – American Wrap 04 June
Fartcoin set to post positive quarterly returns as $1.00 support holds
Fartcoin’s (FARTCOIN) price remains firmly supported at $1.00. The Solana-based meme coin is up over 1% on the day, trading at around $1.04, following a massive 43% drop from its previous high of $1.64, a level it reached on May 23.
XRP offers bullish reversal signs after $300M XRP treasury filing with the SEC
Ripple’s (XRP) price has stalled after testing resistance at $2.27. The token hovers at around $2.24 at the time of writing on Wednesday, amid lethargic sentiment in the broader cryptocurrency market. This narrow, range-bound movement also comes after Webus International, a Chinese company, filed with the United States (US) Securities and Exchange Commission (SEC) to raise funds toward a strategic XRP treasury.
Ripple could be finishing an intraday corrective pullback
Ripple is a digital payment protocol and cryptocurrency (XRP) designed to enable fast, low-cost international money transfers. Unlike Bitcoin, Ripple doesn't rely on mining and uses a consensus ledger, making transactions quicker and more energy-efficient. It's primarily used by financial institutions to improve cross-border payment systems.
Author
FXStreet Team
FXStreet
