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Cryptocurrencies Price Prediction: Ethereum, XRP & Monero – American Wrap 09 August

Ethereum's bearish momentum weakens as Grayscale's ETHE outflows slowdown

Ethereum (ETH) is up 0.4% on Friday as ETH ETFs record another day of mild inflows. The recent market crash could also alter earlier predictions of the ETFs, boosting ETH to a new all-time around $5,000.
Ethereum ETF Flows

The US Securities & Exchange Commission (SEC) vs. Ripple lawsuit ended after a long-drawn legal battle with the court asking the firm to pay $125 million in fines. Judge Analisa Torres noted that the firm is likely to violate federal securities laws if it hasn’t already, raising concerns about an SEC appeal. 

XRP suffered a correction on Friday, down to $0.5778 at the time of writing. 

XRP

Monero Price Forecast: XMR poised for a 13% crash

Monero (XMR) is retesting a descending trendline and is trading slightly lower by 1% at $156.21 on Friday. Traders looking to short XMR might consider entering around the $160 level, anticipating a potential decline in the upcoming days.
XMR/USDT daily chart
 

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