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Cryptocurrencies Price Prediction: Ripple, Cryptos & Flare – American Wrap 23 July

Cryptocurrencies Price Prediction: Ripple, Cryptos & Flare – American Wrap 23 July
FXStreet TeamFXStreet TeamFXStreet

XRP shutters uptrend as Brazil's VERT debuts structured loan service on XRP Ledger

Ripple (XRP) price is extending an intraday red candle on Wednesday, trading at around $3.29 in the American session. The decline follows a rejection from Monday's swing, which stopped just shy of the token's record high of $3.66, reached on Friday.

Why Bitcoin, Ethereum, Ripple and Solana are leading a decline in crypto

Crypto market cap is in a downtrend on Wednesday after Bitcoin’s new all-time high last week. Institutional crypto adoption is likely the key catalyst for crypto as retail trader sentiment is nearly unchanged since last week. 

Crypto NPL

Flare Price Forecast: FLX surges 10% as network expands XRP DeFi use cases 

Flare (FLR) price is surging higher, trading at $0.0261 on Wednesday, supported by a robust Decentralized Finance (DeFi) ecosystem. Interest in the token exploded after the network announced the final launch of a suite of tools, making the non-smart contracts token XRP, issued by Ripple, DeFi-ready.

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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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Kraken’s parent plans regulated US perpetual futures on Hyperliquid

Kraken’s parent plans regulated US perpetual futures on Hyperliquid

Hyperliquid has named Payward, the parent company of crypto exchange Kraken, as its intended first Commodity Futures Trading Commission-regulated deployer on HIP-3 markets. In an X post on Monday, Hyperliquid stated that Payward plans to use its infrastructure to deploy perpetual futures markets for US customers. The proposed arrangement remains subject to regulatory approval.

Pi Network Price Forecast: PI stalls as weak crypto sentiment caps recovery

Pi Network Price Forecast: PI stalls as weak crypto sentiment caps recovery

Pi Network holds steady above $0.0760 stalling after a roughly 2% rebound the previous day. The broader market's weak sentiment and reduced trading volume weigh on the PI token. The technical outlook is bearish, with price capped below a long-term resistance trendline and weak momentum.

Ripple and Stellar outlook: XRP and XLM remain under pressure as bearish momentum persists

Ripple and Stellar outlook: XRP and XLM remain under pressure as bearish momentum persists

Ripple and Stellar continue to remain under pressure, trading below $1.30 and $0.169 respectively, after a mild recovery the previous day. Both XRP and XLM remain below their key Exponential Moving Averages, indicating bearish price action. Moreover, mixed derivatives metrics and cautious on-chain data are capping sustained recovery in XRP and XLM.

Ripple secures OCC approval for National Trust Bank

Ripple secures OCC approval for National Trust Bank

Brad Garlinghouse, CEO of Ripple, announced in an X post on Monday that the Office of the Comptroller of the Currency (OCC) has granted final approval to charter Ripple National Trust Bank (RNTB). The federally supervised national bank demonstrates Ripple's progress toward building digital asset infrastructure within a regulated financial system.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.