|

Cryptocurrencies Price Prediction: XRP, BNB & Bitcoin – American Wrap 28 August

XRP gains 2%, crypto attorney says SEC is unlikely to appeal Ripple ruling

Ripple’s (XRP) lawsuit outcome was favorable for the Securities & Exchange Commission (SEC), according to pro-crypto attorney Bill Morgan. The final ruling in the SEC vs. Ripple lawsuit was well-received by both parties on August 7, 2024. 
Ripple
Binance, one of the largest crypto exchanges by volume, has faced recent criticism on social media platforms like X. Crypto traders slammed the exchange for allegedly confiscating assets of Palestinian users. 
BNB
Bitcoin (BTC) edges up slightly on Wednesday after dropping by 7.5% at the start of the week following the markets’ broad risk-off tone. Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index Options (XBTX), a positive development for BTC, but on-chain metrics project a negative outlook as evidenced by a higher percentage of shorts, while US spot Bitcoin ETFs posted outflows on Tuesday.
Bitcoin Spot ETF Net Inflow chart
 

Author

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.

More from FXStreet Team
Share:

Editor's Picks

XRP steadies as long-term buy signals face fresh resistance

Ripple trades sideways around the pivotal $1.50 level on Tuesday. The remittance token similarly holds in a broader range with support at $1.40 and resistance at $1.60. A break on either side could set the pace and direction XRP takes in the fourth quarter of 2026.

Top Altcoins Price Forecast: Ripple in a limbo near $1.50, Cardano extends rally, and Solana faces headwinds

Ripple hovers around $1.50 on Tuesday, near the apex of a triangle pattern, suggesting an imminent breakout move. Cardano is up 3%, extending gains for the third consecutive day as bullish momentum persists. Solana edges lower for the second consecutive day.

Crypto Today: Bitcoin, Ethereum, XRP bulls battle to restart uptrend amid ETF outflows

Bitcoin upholds a robust bullish outlook, trading at $85,837 on Tuesday as sellers push to regain control over the trend. Altcoins, meanwhile, reflect Bitcoin’s ranging action, with Ethereum trading sideways above $2,700 and Ripple hovering around the pivotal $1.50 level.

Bitcoin: Rising yields, stronger US Dollar cap BTC upside

Bitcoin remains under pressure, trading below $86,000 at the time of writing on Tuesday, as profit-taking intensifies. Mixed sentiment among corporate and institutional demand as Strategy added 334 BTC to its reserves while spot ETFs recorded a mild $89.90 million outflow on Monday.

Bitcoin: Is BTC setting up for an Uptober rally?
Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.