Cryptocurrencies price prediction: XRP, Trump & Crypto Market - American Wrap - 12 06

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Ripple Price Prediction: XRP downside risks show signs of escalating

Ripple (XRP) upholds a vivid bearish bias, signaling a decline in interest in the broader cryptocurrency market. The upside-heavy international money transfer token exchanges hands at approximately $2.25, down nearly 1% at the time of writing on Thursday and 15% from its previous peak of $2.65, which was reached on May 12.

TRUMP meme coin declines as World Liberty Financial releases updates for USD1

Trump Official's (TRUMP) bulls are losing grip as the meme coin approaches support at $10.00 at the time of writing on Thursday. The token's recovery has remained largely subdued over the last few weeks, reflecting declining sentiment, falling derivatives market Open Interest (OI) and trading volumes.

Tether acquires 32% stake in Canadian-listed Gold mining company Elemental

Tether Group, the issuer of the world’s largest stablecoin USDT through its affiliate Tether Investments, has completed the acquisition of a 32% stake in Elemental Altus Royalties Corp. (Elemental). The development comes amid an intentional shift by Tether to strengthen its grip on long-term assets such as Gold and Bitcoin and as part of a strategic mission to build a robust and decentralized digital economy infrastructure.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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