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Cryptocurrencies price prediction: XRP, Wall Street & Cryptos – American Wrap 08 December

Cryptocurrencies price prediction: XRP, Wall Street & Cryptos – American Wrap 08 December
FXStreet TeamFXStreet TeamFXStreet

XRP steadies near $2.10 as ETFs attract inflows, retail demand subdued

Ripple (XRP) is trading at around $2,10 at the time of writing on Monday, after bouncing off its short-term support at $2.00. The cross-border remittance token has continued to receive steady support from institutional investors through spot Exchange Traded Funds (ETFs) listed in the United States (US), although this has failed to materialize into a substantial price increase for the token.

Wall Street saw Ripple as 90% XRP — Offered $500M, but with safety net: Bloomberg

Ripple’s $500 million share sale last month brought in some of the biggest names in global finance but only after investors secured a suite of downside protections that more closely resemble structured credit than a typical venture round, according to a Bloomberg report.

Crypto Today: Bitcoin, Ethereum, XRP regain strength despite mixed signs from ETFs, retail demand

Bitcoin (BTC) is trading marginally above $92,000 at the time of writing on Monday, supported by improving market sentiment ahead of the Federal Reserve (Fed) monetary policy decision on Wednesday. 

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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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Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

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