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Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 15 July

Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 15 July
FXStreet TeamFXStreet TeamFXStreet

Ripple Price Prediction: XRP gains momentum driven by softer US inflation

Ripple (XRP) holds above support reclaimed at $1.10 at the time of writing on Wednesday, extending its rally after the US Producer Price Index (PPI) data for June showed that price pressures in the world’s largest economy are cooling. The report reinforced the trend seen in Tuesday’s Consumer Price Index (CPI) figures, fueling optimism across crypto markets.

Cryptos exit month-long ranges, can the breakout hold?

After more than a month of range trading within breathing distance of yearly lows, major cryptocurrencies have regained momentum as Tuesday's lower-than-expected US inflation data prompted investors to scale back Fed rate hike bets, supporting risk assets and helping propel prices out of their recent consolidations.

Crypto Today: Bitcoin, Ethereum, XRP stall after US CPI-driven mild rally

The cryptocurrency market pauses on Wednesday, following a brief, macro-driven rally the previous day. Bitcoin (BTC) is consolidating above $64,500, signaling waning bullish momentum and increased profit-taking as sellers emerge.

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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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