Cryptocurrencies Price Prediction: XRP, Bitcoin & Crypto – European Wrap 11 March

XRPLedger’s AMM activation could have a positive effect on Ripple, XRP

XRP struggles to regain the losses suffered the past week, but the altcoin’s price sustains above the $0.60 level as two factors seem to be driving price action. On the one hand, there is the upcoming deadline for the US Securities and Exchange Commission (SEC) opening brief in the lawsuit against Ripple, which has caused a stir among market participants. On the other hand, the amendment for an Automated Market Maker (AMM) on the XRPLedger has been approved. 

Bitcoin's new highs and BNB's revival

Bitcoin's record highs support the accelerated recovery of the crypto market. Its capitalisation reached $2.69 trillion (+1.6% in 24 hours), 10% below the record high of $2.97 trillion in November 2021. Extreme greed remains the driver of the crypto market, but major coins are getting the main influx of money.

Bitcoin hit an all-time high of $71.5K early Monday afternoon, adding 2.5% in 24 hours. Ethereum is rising with the market, adding 1.4% in the same time frame and breaking the $4000 price.

Week Ahead: Crypto markets set to tip in favor of gaming and AI tokens

We’ve got an interesting next two weeks ahead of us that could potentially boost the crypto markets yet again. This newsletter will focus on the potential narratives that could unfold next week. 

Before we get into that, let’s take a look at the events this week, as well as next week’s handpicked topics that could start taking shape in the coming days.