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Cryptocurrencies Price Prediction: Ripple, Bitcoin & Avalanche– American Wrap 22 August

Cryptocurrencies Price Prediction: Ripple, Bitcoin & Avalanche– American Wrap 22 August
FXStreet TeamFXStreet TeamFXStreet

Ripple is a clear winner in SEC lawsuit, says chief legal officer

Ripple (XRP) traders continue to digest the Securities & Exchange Commission’s (SEC) recent lawsuit ruling. But Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, said in a recent tweet that the firm is a clear winner in the lawsuit. 
XRP
Bitcoin (BTC) trades above $61,000 on Thursday, holding up on gains driven by the release of the Fed Minutes on Wednesday, which hinted at an interest-rate cut in September. US spot Bitcoin ETFs saw a modest inflow on Wednesday, while on-chain data doesn’t seem to support further price gains as Bitcoin OTC desk balances for miners surge and the long-to-short ratio stays below one.
Bitcoin Spot ETF Net Inflow chart
Avalanche (AVAX) trades inside a falling wedge pattern on Thursday, and a breakout would signal a bullish trend. As of Thursday, AVAX had gained 4%. The recent launch of investment firm Franklin Templeton’s and Agora's fully-collateralized US digital dollar, AUSD, on the Avalanche network suggests that the AVAX price will rally in the coming days.
AVAX/USDT daily 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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