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Cryptocurrencies price prediction: XRP, Zcash & SEC – American Wrap 17 September

Cryptocurrencies price prediction: XRP, Zcash & SEC – American Wrap 17 September
FXStreet TeamFXStreet TeamFXStreet

Zcash Price Forecast: ZEC eyes $1,500 breakout as retail demand expands

Zcash (ZEC) rises sharply above $1,400 on Thursday as the privacy-focused token defies the broader cryptocurrency market's doldrums this week, driven primarily by macro uncertainty and regulatory headwinds.

XRP holds EMA support but soft derivatives cap recovery

Ripple (XRP) remains in bearish hands on Thursday, trading near $1.30 while bulls defend a short-term moving average support cluster. Since Monday’s uptick to $1.50, the token has continued to face headwinds, primarily because the United States (US) Senate failed to advance the CLARITY Act and the Federal Reserve (Fed) raised interest rates by 25 basis points to the 3.75%-4.00% range.

SEC clears path for tokenized stock trading in the US with five-year exemption

The United States (US) Securities & Exchange Commission (SEC) has announced on Thursday an order granting conditional exemptive relief to Tokenized Securities Venues (TSVs), also known as exchanges, to trade tokenized National Market System (NMS) stock by tapping liquidity pools.

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FXStreet Team

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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Ripple nears oversold territory as traders eye buying opportunities

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