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Cryptocurrencies price prediction: XRP, Dogecoin & Bitcoin – American Wrap 01 July

Cryptocurrencies price prediction: XRP, Dogecoin & Bitcoin – American Wrap 01 July
FXStreet TeamFXStreet TeamFXStreet

Dogecoin vs Shiba Inu: DOGE and SHIB start July with similar setups

The cryptocurrency market shows subtle signs of rebounding on Wednesday after facing intense headwinds over the past few weeks, largely attributed to geopolitical tensions, macroeconomic uncertainty and risk-averse sentiment. Dogecoin (DOGE) and Shiba Inu (SHIB) are holding above pivotal support levels at $0.0700 and $0.0000040, respectively, suggesting investors are ready to reengage.

XRP clings to support as bearish momentum, ETF outflows intensify

Ripple (XRP) is trading around $1.04 at the time of writing on Wednesday, grinding toward the psychological $1.00 support. The remittance sector continues to struggle to make meaningful rebounds, reflecting persistent headwinds across the broader crypto market.

Bitcoin rummages for fresh bottom

It’s a clear “crypto winter” this summer. While equities delivered one of their strongest quarters in six years, with the Nasdaq rising around 21% from late March to June, Bitcoin – typically a high‑beta risk proxy – failed to keep pace. After an early Q2 rally, prices reversed sharply, ending firmly in negative territory. From the May peak near $82,815 to the June 30 low around $58,170, Bitcoin dropped over 29%, leaving it down around 14% for the quarter.

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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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