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Cryptocurrencies price prediction: Ripple, Shiba inu & Crypto Market - American Wrap - 09 06

Cryptocurrencies price prediction: Ripple, Shiba inu & Crypto Market - American Wrap - 09 06
FXStreet TeamFXStreet TeamFXStreet

Ripple Price Forecast: XRP's bullish structure holds up as Ripple turns to Japan for Web3 and DeFi advancement

Ripple (XRP) pared losses following last week's sell-off to trade at around $2.26 at the time of writing on Monday. The sideways trading comes ahead of trade negotiations between the United States (US) and China in London. 

Shiba Inu breaks on-chain wallet record as price rebounds

Shiba Inu (SHIB) appears to be extending its recovery from the support level of around $0.00001188, which was tested on Thursday. The meme coin hovers at around $0.00001253 at the time of writing on Monday, up almost 6% since it lifted from its support level. This bullish outlook follows a significant improvement in network activity, with the number of on-chain wallets hitting a new record high.

These crypto tokens rallied through the Trump-Musk breakup

Bitcoin (BTC) tested support at $100,372 last week on June 5, in the aftermath of Elon Musk’s criticism of US President Donald Trump’s spending bill and the public spat that followed. Bitcoin, altcoins and crypto market capitalization have all recovered since then. BTC gained slightly under 2% and top tokens like Tron (TRON), Conflux (CFX), OKB (OKX Block), Ontology (ONT) and SPX6900 (SPX) rallied, irrespective of the tussle between the Tesla Chief and the US President.

Bitcoin dominance

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