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Cryptocurrencies price prediction: XRP, Ondo & Cryptos – American Wrap 13 May

Cryptocurrencies price prediction: XRP, Ondo & Cryptos – American Wrap 13 May
FXStreet TeamFXStreet TeamFXStreet

Ondo Price Forecast: ONDO risks deeper losses below $0.40 as retail demand wanes

Ondo Finance (ONDO) is facing mounting selling pressure on Wednesday, trading below the pivotal $0.4000 threshold. After logging two consecutive days of declines and extending its correction from its May peak at $0.4877, ONDO is at risk of a deeper correction.

XRP rebounds as ETF inflows and positive funding back breakout attempt

Ripple (XRP) is edging lower toward $1.40 on Wednesday after bulls abandoned the push for a breakout targeting highs above $1.50, following hotter-than-expected United States (US) inflation data.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength amid ETF outflows, waning sentiment

Cryptocurrency prices are showing signs of recovery on Wednesday, following volatility that accompanied the release of the United States (US) Consumer Price Index (CPI) data the previous day. Despite headline CPI inflation increasing 3.8% annually in April, from 3.3% in March, boosting the US Dollar (USD). Bitcoin (BTC) is trading near $81,000 at the time of writing.

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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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