Cryptocurrencies Price Prediction: PUMP, Ripple & Bonk – American Wrap 06 August
Pump.fun price eyes higher support and 18% breakout as major meme coins consolidate
Pump.fun (PUMP), the token native to the meme coin launchpad, continues to defy negative market sentiment that characterises the broader crypto market on Wednesday. PUMP is up over 4% on the day, trading at around $0.0033 at the time of writing. This bullish outlook extends the uptrend that has seen PUMP accrue over 36% in gains since August 1. However, traders will focus on PUMP’s ability to hold above a higher support level to reinforce the bullish outlook in upcoming sessions.
XRP steadies despite Korea's BDACS and Japan's SBI Holdings initiatives set to boost adoption
Ripple (XRP) price holds above a critical support at around $2.94 on Tuesday, underpinned by risk-off sentiment in the broader cryptocurrency market. Low trading volume, stubborn resistance levels and weak support suggest that last week's sell-off to $2.72 could resume.
Bonk price declines as suppressed funding rate and open interest weigh on sentiment
Bonk (BONK) is facing increasing selling pressure, down over 1% on Wednesday to trade at around $0.00002405 at the time of writing. The Solana-based meme coin turned bearish after posting the largest monthly return this year of 79.6% in July.
Author
FXStreet Team
FXStreet
