Cryptocurrencies Price Prediction: Ripple, Solana & XDC Network — Asian Wrap 8 July

FXStreet Team FXStreet

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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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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