None
EN
Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 12 August
[]
FXStreet Forex & Commodities News
Bitcoin (BTC) is extending its decline below $64,000 at the time of writing on Wednesday, as Gold (XAU/USD) maintains its breakout momentum, trading near $4,420.
The varied price action follows the release of the United States (US) Consumer Price Index (CPI) report, which broadly met market expectations.
Ripple (XRP) is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential.
In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.
A drop below the key short-term support would further undermine recovery prospects.