Table of Contents
Bitcoin
The crypto market bellwether has been on a strong momentum in recent weeks, and its upside will likely prevail as long as it holds above the psychological $100k mark. Despite struggling to break above $105k, the underlying momentum on Bitcoin price is still bullish. The coin’s RSI on the daily chart is at 62, affirming control by the buyers. In addition, the spot Bitcoin ETF has been putting on a strong show, gaining in each of the last three trading sessions.
Bitcoin Price Prediction
Pivot: BTC price pivots at $103,210 and the upside will prevail if action stays above that level.
Resistance: Initial resistance will likely be at $104,800. Breaking above that level could clear the path to test $104,800.
Support: First support at $102,370, below which the upside narrative will be invalid. Second support could come at $101,325.
XRP
XRP price looks primed to continue rising in the near-term as it continues to hold an underlying FOMO sentiment due to its potentially disruptive utility in financial settlements. In addition, there’s the impending settlement of the SEC vs Ripple case, which suffered a temporary setback after Judge Analisa Torres last week denied a joint motion for dismissal due to a technicality.
In addition, there remains the pending approval of an XRP spot ETF, which will likely happen in the third quarter, according to multiple sources. That also supplies a bullish undercurrent to incentivize investors to buy or hold their XRP. In addition, CME’s XRP Futures are now available for trading, creating another key avenue for institutional adoption of the coin.
XRP Price Prediction
Pivot: XRP price pivot mark is at $2.44. The upside will prevail if action stays above that level. Conversely, breaking that level will shift the momentum to the downside.
Resistance: The first resistance at $2.36. Second one at $2.44.
Support: First support at $2.24. The upside narrative will be invalid below that level. Second support likely to be at $2.18.
Solana
Solana price has declined in recent days and trades at $163 as of this writing, down by 5.4% on the daily chart. However, the recent uptick in meme coin momentum provides a potential path to a reversal. The Solana ecosystem is home to multiple top meme coins like Shiba Inu, DogWifHat, $TRUMP, $BONK, $PNUT among others. Therefore, these will likely provide traction for a potential reversal if SOL price holds above the psychological $160 support.
Solana Price Prediction
Pivot: Solana price pivots at $162 and the upside will prevail if action stays above that level. Otherwise, the momentum could shift to the downside.
Resistance: Primary resistance at $165, secondary resistance likely at $167.
Support: Initial support will likely be at $160. The upside narrative will be invalid below that level . Second support likely to be at $158.
