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Cryptocurrencies Price Prediction: Ripple, WIF & Bitcoin – European Wrap 23 May

Cryptocurrencies Price Prediction: Ripple, WIF & Bitcoin – European Wrap 23 May
FXStreet TeamFXStreet TeamFXStreet

Ripple prepares for SEC lawsuit outcome, XRP climbs past $0.51

Ripple (XRP) holders are debating the impact of the Financial Innovation and Technology for the 21st Century Act, or FIT21 on the Securities and Exchange Commission (SEC) vs. Ripple lawsuit. The outcome of the lawsuit could act as a market mover for XRP Ledger’s native token XRP’s price and affect the payment remittance firm’s institutional sales of XRP token. 

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Whales take profit on WIF holdings, meme coin wipes out nearly 20% gains from May top

Dogwifhat (WIF) price wiped out 20% gains since its May peak of $3.6799. The meme coin overcame resistance at $2.90 on May 22, the Solana-based asset could attempt another recovery as the category rallies in the past 24 hours. 

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Bitcoin prepares for $100K hike

The crypto market is quiet, hovering around a total capitalisation of $2.6 trillion for the third day. Bitcoin has so far failed to gain a foothold above $70K, and this is curbing the enthusiasm. It is losing 0.3% in 24 hours against Ethereum's 0.6% rise.

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