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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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FXStreet Team

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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Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top altcoins, Ripple, Cardano, and Solana, hold steady on Thursday, halting the prevailing decline linked to hot US inflation data and the post-US midterms period. The brief pause suggests that the markets have priced in October’s hot CPI of 0.4%, beating the 0.3% market expectation.

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses on Thursday, trading around $1.05 amid a largely lethargic broader cryptocurrency market. Bulls have found no relief since the sharp correction on November 5 and are banking on support between $1.00 and $1.05 to push for range trading ahead of fresh recovery attempts.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Bitcoin corrects near a key support range near $73,000 on Thursday, trading alongside altcoin majors Ethereum and Ripple. The smart contract token, ETH, holds above its $2,000 demand area, while the remittance token XRP upholds technical weakness, raising correction odds below $1.00.

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network price is holding steady around $0.0700 at press time on Thursday, consolidating around the round figure after Tuesday’s 8% rebound. The rebound coincided with a massive outflow of more than 590 million PI tokens from the OKX exchange wallet, suggesting reduced downside pressure.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.