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Cryptocurrencies Price Prediction: Ripple, Monero & Cryptos – European Wrap 2 October

Cryptocurrencies Price Prediction: Ripple, Monero & Cryptos – European Wrap 2 October
FXStreet TeamFXStreet TeamFXStreet

XRP open interest skyrockets as Ripple tests its stablecoin RLUSD

Ripple (XRP) has generated interest among derivatives traders as the payment remittance firm tests its stablecoin Ripple USD (RUSD). Ripple announced that the asset is awaiting regulatory approval and is geared toward institutions, not individuals. However, as the minting of RLUSD ramps up, there is a rise in open interest across derivatives exchanges. 

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Monero price falls below $150 as Kraken delists XMR in Europe amid regulatory changes

Monero (XMR) shows weakness trades in the red on Wednesday after losing over 6% the previous day. XMR dipped more than 10% at some point on Tuesday following Kraken’s announcement that it is delisting XMR trading in Europe, which supported this bearish move. Additionally, XMR’s long-to-short ratio shows that more traders anticipate the fall of the Monero price.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin dips below $61,000 amid escalating tensions between Israel and Iran

Bitcoin (BTC) and Ethereum (ETH) have closed below their key support levels, signaling a potential decline ahead, while Ripple (XRP) is retesting its crucial support level, with a break below likely indicating further downside.

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