Cryptocurrencies Price Prediction: Ethereum, Ripple & Altcoins — Asian Wrap 22 July
|Institutions anticipate potential Tuesday Ethereum ETF launch after making strategic moves
Ethereum (ETH) is up over 3% on Friday, following moves from institutions and investors ahead of a potential spot ETH ETF launch on July 23.
Ripple whales dump 200 million XRP tokens in July, altcoin suffers correction after 23% gains in seven days
Ripple (XRP) trades around $0.5600, erasing recent gains on Friday. XRP token holders have consistently realized gains on their holdings in the past week, increasing the selling pressure on the altcoin and prompting a correction.
Why these altcoins may not rise despite Ethereum ETF impact
A recent analysis by onchain analyst Thor Hartvigsen reveals that Ethereum could outperform altcoins after the launch of ETH ETFs despite wider market assumptions that these tokens provide leveraged exposure to ETH.
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