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Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 11 June

Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 11 June
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XRP extends cautious rebound amid mild ETF inflows

Ripple (XRP) edges higher at the time of writing on Thursday, trading above $1.12. The cross-border remittance token seeks to erase a persistent downtrend that has weighed on the price since mid-May, as investors navigated geopolitical tensions in the Middle East.

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Bitcoin Price Forecast: BTC stages modest rebound ahead of US PPI data

Bitcoin (BTC) recovers slightly, trading above $62,500 at the time of writing on Thursday after three consecutive days of losses earlier this week. Despite the rebound, market sentiment remains fragile, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded net outflows of $213.85 million on Wednesday, indicating persistent institutional withdrawals amid renewed US-Iran tensions. Market participants are now turning their attention to the US Producer Price Index (PPI) report on Thursday, which could provide fresh clues on the Federal Reserve’s (Fed) monetary policy outlook and drive the next move in BTC.

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Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin (BTC) steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum (ETH) and Ripple (XRP), exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

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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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