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Cryptocurrencies Price Prediction: Ethereum, Ton & Ripple — American Wrap 25 July

ETH sinks by 8% after Grayscale Ethereum Trust heavy outflows

Ethereum is down 8% on Thursday as Grayscale's Ethereum Trust outflows, combined with the general stock market decline, weighed down its price.

TON down following launch of W5 wallet for gasless transactions

The TON Core team launched their latest smart wallet, the W5, on Thursday to enable users to make payments without necessarily holding the TON token. Meanwhile, the price of TON has declined by over 5% in the past 24 hours.

SEC vs. Ripple lawsuit closed-door meeting could result in resolution, XRP hovers around $0.62

Ripple (XRP) hovers above key support at $0.62 as traders await a resolution in the US Securities & Exchange Commission (SEC) lawsuit. The meeting is scheduled to occur behind closed doors on July 25. 

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