Ripple

The cryptocurrency Ripple added a mind-boggling 68% in value during the week of July 7-14. The United States District Court for the Southern District of New York ruled that the sale of XRP tokens through exchanges and algorithms does not constitute the execution of an investment contract;
contravenes U.S. securities laws.

The ruling sparked strong reactions among exchanges, among others. Many marketplaces have released XRP on their platforms. The first to do so
was Canadian platform BitBuy. DarkDefender analyst
analyst DarkDefender suggested that XRP will soar to $3 in five to six weeks. Analysts at Cheeky Crypto channel are even more optimistic: according to their point of view, Ripple will be worth $34.
viewpoint, Ripple will be worth $34.

Well, they may be right. In terms of technical analysis, the nearest target should be the price of $1. The current support level is at $0.79. In fact, the entire week was spent around the $30 000 mark: the price went below and then rose above it. And so the week went by without any notable developments. While BlackRock and Fidelity focused their energies on creating spot bitcoin ETFs, Vanguard chose to invest in shares of mining companies. The volume of new investments totaled $280 million, and the total investment in the crypto industry exceeded $0.5 billion.

Also released during the week were US inflation statistics. America’s consumer price index declines for the twelfth month in a row. The price is above $31 000. The support level should be the $31 000 milestone, which has just been crossed.

Source: tradingview.com

The fear and greed index continues to climb. On the evening of July 14th.
is 60, up four points from a week ago. That still suggests greed over fear.

Ethereum

Etherium managed to overtake BTC this week in terms of growth and added 7%-plus at once. After the Shanghai update, the amount of stacked ether continues to rise