Cryptocurrencies Price Prediction: Ripple, DRAM & Crypto – European Wrap 3 June

XRP ticks up as risk-off mood, weak ETF demand cap recovery

Ripple (XRP) rebounds above $1.23 from support at $1.20 at the time of writing on Wednesday, as the broader cryptocurrency market pares losses triggered by escalating tensions in the Middle East.

Appetite for risk assets remains generally low as the United States (US) and Iran exchange fire amid a fragile ceasefire and peace negotiations. Despite US President Donald Trump stating that peace talks with Iran are progressing as usual, reports broadly suggest that Iranian negotiators had stopped communication in protest at Israel’s offensive in Lebanon.

DRAM trade: Memory is the bottleneck. This ETF is the opportunity

Something unusual happened in April. And no, I'm not talking about FC Barcelona's latest Champions League disappointment.

I'm talking about something far more unexpected.

Roundhill launched an ETF called DRAM — built entirely around memory chip companies. 

“Roundhill believes that computer memory and storage represents a secular growth story tied to the multi-decade buildout of AI infrastructure. The Roundhill Memory ETF (“DRAM”) seeks to offer exposure to a precise basket of global memory chip companies. DRAM is the first-ever memory stock ETF,” the official page says. 

Crypto Today: Bitcoin, Ethereum pare losses as XRP rebounds amid escalating tensions in the Middle East

The cryptocurrency market remains largely under pressure on Wednesday amid escalating tensions in the Middle East. After plunging from its May high of $82,823, Bitcoin (BTC) is showing signs of stabilization, consolidating above the key $67,000 support level. At the same time, Ethereum (ETH) remains resilient above $1,800, while Ripple (XRP) stages a recovery near $1.24.