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Cryptocurrencies Price Prediction: Pepe, Ethereum & Ripple — Asian Wrap 24 July

Cryptocurrencies Price Prediction: Pepe, Ethereum & Ripple — Asian Wrap 24 July
FXStreet TeamFXStreet TeamFXStreet

PEPE price poised for a rally after retesting trendline support

PEPE (PEPE) price broke out of a descending channel pattern, surging by 12%, but is currently experiencing a corrective pullback, trading 2.3% lower at $0.0000121 as of Wednesday. On-chain data reveals PEPE's Long-to-Short ratio stands at 1.66, hinting at potential upcoming rallies for the cryptocurrency.

Ethereum ETFs flows data pour in after crossing $1 billion trading volume in first day of launch

Ethereum (ETH) is down about 1% on Tuesday as spot ETH ETFs crossed the $1 billion mark in trading volume. Given its recent price movement, ETH may replicate the price of Bitcoin post-spot BTC ETF launch.

Ripple stablecoin unlikely to invite legal trouble with SEC, XRP loses key support

Ripple (XRP), the native token of the XRP Ledger slipped under $0.60, a key psychological support for the altcoin. The two key market movers are the Securities & Exchange Commission’s (SEC) lawsuit against Ripple and the upcoming stablecoin RealUSD (RLUSD).

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