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Cryptocurrencies Price Prediction: XRP, Bitcoin & Cryptos – American Wrap 03 September

Cryptocurrencies Price Prediction: XRP, Bitcoin & Cryptos – American Wrap 03 September
FXStreet TeamFXStreet TeamFXStreet

XRP breaks past key resistance, Ripple announces plans for Ethereum-compatible smart contracts

Ripple (XRP), a cross-border payment remittance firm, made several key announcements in Japan and Korea on September 3. One of the key announcements was the plan for an Ethereum-compatible sidechain on the XRP Ledger. 
XRP
Bitcoin (BTC) trades at around $59,000 on Tuesday after a slight recovery the day before. However, this rebound might be short-lived as it nears a crucial resistance barrier. Institutional interest is growing, driven by VanEck’s optimistic Bitcoin forecast, a strategic partnership between Metaplanet and SBI VC Trade, and increased wallet holdings. Despite these developments, the price action remains weak, and the Bitcoin Spot ETF recorded a $45.53 million net outflow on Monday.
Bitcoin wallet holdings chart

Bitcoin trades at around $59,000 early on Tuesday. At the time of writing, the largest crypto asset by market capitalization noted a slight correction of 0.17% on the day. Bitcoin hash rate has hit a new all-time high, per Bitcoin Magazine data.

Bitcoin

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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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