Cryptocurrencies price prediction: Bitcoin, Ethereum & XRP American Wrap - 11 October
|XRP holds steady above $0.53 as Ripple confirms cross-appeal, Bitnomial sues SEC
Ripple (XRP) holds steady above key support at $0.5300. The altcoin gains as the payment remittance firm confirms the filing of a cross-appeal in the Ripple lawsuit with the Securities & Exchange Commission (SEC). Ripple is gearing up to introduce new features for its custody solutions for institutional investors.
Ethereum Price Forecast: ETH reclaims $2,395 support but risks inflationary pressure with Unichain's launch
Ethereum (ETH) reclaimed the $2,395 support level on Friday and is attempting a move toward the $2,490 resistance. The top altcoin could face inflationary pressure in the coming months when Uniswap's Unichain goes live due to the decentralized finance protocol's large contribution to Ethereum revenue and daily burnt ETH.
Bitcoin Weekly Forecast: Will BTC decline further?
Bitcoin’s (BTC) price fell over 6% at some point this week until Thursday, extending losses for a second consecutive week, as it faced rejection from a key resistance barrier. However, BTC is slightly recovering on Friday as United States (US) spot Bitcoin Spot Exchange Traded Funds (ETF) recorded over $103 million in inflow through Thursday and on-chain data shows long-term optimism for the biggest crypto asset by market capitalization.
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