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Cryptocurrencies Price Prediction: Shiba Inu, Bitcoin & Ripple — Asian Wrap 12 July

Cryptocurrencies Price Prediction: Shiba Inu, Bitcoin & Ripple — Asian Wrap 12 July
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu price eyes 20% gains as ShibaSwap DEX adds three new pairs

Shiba Inu price undid almost all of the gains from July 6, but the bulls came to the rescue. Now, SHIB is trading between two crucial levels and is trying to head higher.

Shiba Inu announced the addition of ETH-USDT, LEASH-BONE and SHIB-BONE pairs to the ShibaSwap Decentralized Exchange (DEX). These inclusions come after the developers behind dog-themed cryptocurrency launched the much-awaited ShibaSwap DEX on July 6.

SHIB/USDT 4-hour chart

Bitcoin Price Analysis: Acceptance above this key level is critical to recapturing $35,000

Bitcoin is reversing the previous losses on Sunday, as the bulls look to resume the recent recovery momentum from two-week lows of $32,114 reached on July 8.

On July 9, BTC bulls remained defiant to the warning issued by Tesla Inc.’s CEO Elon Musk, as the price staged an impressive bounce. Musk tweeted out that the transaction rate was "slow" and cost "high” for Bitcoin and Ethereum.

XRP Price Prediction: Impending bear cross keeps Ripple’s downside exposed

XRP price is trading almost unchanged on the day around $0.6200, alternating between gains and losses so far this Sunday.

In doing so, Ripple's price is wavering within Saturday’s trading range, finding some support from a renewed bid wave that grips the crypto market in the last hour.  

Despite the Securities and Exchange Commission [SEC] several attempts to prove XRP as an unregistered security, the US regulator’s failure to provide crucial evidence questioning Ripple’s utility keeps the downside cushioned in XRP/USD (for now).

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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