Cryptocurrencies Price Prediction: Ripple, Solana & XDC Network — Asian Wrap 8 July
Ripple CEO to speak on need for crypto market structure legislation ahead of Crypto Week
Ripple CEO Brad Garlinghouse announced on Monday that he will address the Senate Banking Committee on the need to pass the crypto market structure legislation ahead of the House's Crypto Week, scheduled for next week. The announcement failed to impact XRP's price, which is down 0.7% over the past 24 hours.
Solana ETF could get green light after SEC prepares general framework for crypto ETF approval
The Securities & Exchange Commission (SEC) allegedly plans to introduce new listing standards for issuers to launch crypto exchange-traded funds (ETF), according to reports on Monday. The development comes as regulators asked potential Solana (SOL) ETF issuers to adjust and resubmit their filings before the end of July.
Crypto Gainers Today: XDC, AB, BONK tokens hold momentum as Bitcoin slips under $108,000
XDC edges higher by nearly 2% on Tuesday, printing its seventh consecutive bullish day. The uptrend nears the 200-day Exponential Moving Average (EMA), close to the $0.067 resistance level, last tested on June 11. Price action indicates a double bottom formation, with the $0.067 level serving as the neckline and the baseline at $0.057, excluding the price movements on June 22 and 23, outliers due to volatility spikes.
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FXStreet Team
FXStreet
