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

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

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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