Cryptocurrencies Price Prediction: Ripple, Ethereum & Dogecoin – American Wrap 01 August
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.
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.
Author
FXStreet Team
FXStreet
