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Cryptocurrencies Price Prediction: XRP, TAO & Bitcoin – American Wrap 01 July

Cryptocurrencies Price Prediction: XRP, TAO & Bitcoin – American Wrap 01 July
FXStreet TeamFXStreet TeamFXStreet

Could XRP price rebound on high spot ETF approval odds

Ripple's (XRP) upside remains heavy, held back by a lethargic sentiment across the cryptocurrency market. Trading at $2.19, the XRP price is down over 2% on Tuesday. Interest in the cross-border money remittance token has significantly declined compared to November, December, and January, as evidenced by the downtrend in the futures Open Interest, which now stands at $4.38 billion, down from $7.76 billion posted on January 17.

Why AI token Bittensor’s development activity surged 3,600% in June despite 22% price drop

Bittensor (TAO), the largest Artificial Intelligence (AI) token by market capitalization, upholds a bearish bias after facing rejection at $352 on Sunday. TAO is trading at $324, with intraday losses exceeding 3% on Tuesday. 

Bitcoin eases lower, but a breakout to record highs could be coming

Bitcoin is edging below 107K on Tuesday after the price ran into resistance at 108.8 K. However, with institutional and corporate demand still strong, combined with an encouraging Q3 post-halving seasonality tailwind, BTC could be on the verge of retesting 110 K and fresh record highs. 

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