Cryptocurrencies Price Prediction: Ripple, Ethereum & Dogecoin – American Wrap 01 August

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Ripple Price Forecast: XRP starts August in the red, but low spot volume signals seller exhaustion

Ripple (XRP) price recovery has been elusive after sustaining a downtrend for three consecutive days. The sell-off in the broader cryptocurrency market left many holders and traders counting losses, with XRP currently trading at $2.98, or 19% from its record high of $3.66 reached on July 18.

Ethereum Price Forecast: ETH dips below $3,700 as Trump’s new tariffs raise market concerns

Ethereum (ETH) price trades in red below $3,700 at the time of writing on Friday, closing below its key support level the previous week. ETH declined nearly 7% so far this week, which comes amid US President Donald Trump’s new reciprocal tariffs and the Federal Reserve’s (Fed) hawkish stance, triggering risk-off sentiment. Despite this rising risk aversion, whale wallets and institutional investors are steadily accumulating ETH, signaling long-term confidence in holders.

Total Ethereum spot ETF net inflow weekly chart. Source: SoSoValue

Dogecoin Price Forecast: DOGE extends losses as open interest, funding rates plunge

Dogecoin (DOGE) price recovery hangs in the balance, as bears tighten their grip on Friday. The largest meme coin by market capitalization has declined over 1% to $0.2062 at the time of writing, posting a fifth consecutive day of losses, as bulls struggle to put up a fight to prevent the decline from accelerating below $0.2000.

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.