Ethereum

Solana

<p>Discover the top cryptocurrencies to watch this week, including XRP, Ethereum, and Solana. XRP shows signs of a possible reversal, Ethereum maintains stability with strong fundamentals, and Solana is fighting for growth with positive developments and increasing trading volume. Learn about their current trends, potential reversals, and key indicators driving their price movements.</p><h2 id="header-0"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/6477465c20d24db3b021aa42bad63823.png" /></p><h2 id="header-1"><strong>Quick Take</strong></h2><ul><li>Trading at $0.4721 with support at $0.47 and resistance at $0.499, XRP&#39;s low trading volume and RSI around 41 suggest a potential reversal.</li><li>Steadily trading around $3,400, Ethereum shows long-term bullish indicators, maintaining above the 200-day moving average.</li><li>Solana, maintaining around $150, saw a 50% trading volume jump to $1.68 billion, with Blockchain links (blinks) and 200-day EMA support at $130 indicating potential bullish momentum.</li></ul><h2 id="header-2"><strong>XRP Price Show Signs of a Reversal, What’s Next?</strong></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/cf0672da0fec42aca229eb11e4bafbb9.png" /></p><p>XRP/USDT price chart | Source: KuCoin</p><h2 id="header-3"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3ebf172426654ef59b9fa28a772d614b.png" /></p><p>According to analysis by U.Today, XRP has traded under pressure with the price remaining mostly unchanged around $0.47, but signs suggest a possible reversal. Currently, XRP is in a phase where not many people are selling, and almost no one is buying. The chart shows difficulty in increasing value over the past few months, with minimal trading activity.</p><p>The low volume indicates that neither buyers nor sellers are taking large positions. However, a spike in volume could signal renewed interest, potentially raising the price.</p><p>With an RSI of approximately 41, XRP is in the lower neutral zone. This suggests room for growth before overbought conditions. If the RSI rises above 50, it would indicate increased buying pressure and a potential new uptrend.</p><h2 id="header-4"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e6bb304e71124515a744fa1e13abdf74.png" /></p><p>Despite recent declines, XRP&#39;s fundamentals remain strong. The resolution of Ripple&#39;s legal dispute with the SEC could positively impact XRP&#39;s price. Ripple&#39;s ongoing partnerships and technological advancements provide a solid foundation for future growth.</p><h3 id="strong-xrp-key-levels-to-watch-strong"><strong>XRP: Key Levels to Watch</strong></h3><p>Monitoring these levels can help identify potential entry and exit points as the market conditions change.</p><ul><li><strong>Support Level:</strong> $0.47</li><li><strong>Critical Support Level: </strong>$0.466</li><li><strong>Resistance Level: </strong>$0.499</li><li><strong>Critical Resistance Level: </strong>$0.50</li><li><strong>Downside Risk Level: </strong>$0.43</li></ul><p>If the price breaks below $0.466, it may trigger a sell-off towards $0.43. Conversely, a bullish reversal could drive prices to the next significant level around $0.499.</p><h2 id="header-5"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/74416ec4f38b49b9b6c92dae6bbc8fe4.png" /></p><h2 id="header-6"><strong>Spot Ethereum ETFs to Take ETH Price to $6,500?</strong></h2><p>Steno Research predicts net inflows of $15-20 billion into Ether spot ETFs in the first 12 months. Ether&#39;s price is expected to hit $6,500 later this year due to strong ETF inflows and other positive factors. Galaxy Research estimates $5 billion of net inflows to spot Ethereum ETFs in the first five months, while Bitwise expects $15 billion in the initial 18 months.</p><p>The crypto market is optimistic about the imminent launch of spot Ether ETFs in the U.S. Steno Research forecasts a net inflow between $15 billion and $20 billion in the first 12 months. This should drive Ether&#39;s value higher, both in dollar terms and relative to Bitcoin.</p><p><strong>Read more: Spot Ethereum ETFs by July? SEC Chair Gensler Confirms Progress on Approval</strong></p><h3 id="strong-ethereum-technical-analysis-eth-holds-above-3-370-strong"><strong>Ethereum Technical Analysis: ETH Holds Above $3,370</strong></h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3c8a3a3636244655828e96e93a957a73.png" /></p><p>ETH/USDT price chart | Source: KuCoin</p><p>Ethereum has been actively trading around $3,400, showing signs of both strength and concern. The chart indicates that Ethereum has maintained above the $3,370 mark, closely resembling the 100-day EMA. This level has stabilized the price amid recent market turbulence.</p><p>Trading volume has been inconsistent, yet the steady interest at current prices is noteworthy. A spike in volume might indicate a strong move in either direction.</p><h2 id="header-7"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/6541cbb6af1346bf87684337ce09abec.png" /></p><p>Ethereum&#39;s RSI is around 43, pointing to potential upward movement before overbought conditions. If the RSI moves closer to 50, it would provide additional proof of bullish momentum.</p><p>Long-term trend indicators, the 26-day and 200-day EMAs, show Ethereum trading above the 200-day moving average, a bullish signal. However, it remains below the 50-day EMA, indicating some short-term pessimism.</p><p>Market sentiment heavily influences Ethereum&#39;s price action. Despite a few negative signs, the overall trend remains positive. Continuous network upgrades via Ethereum 2.0 developments, increased staking activity, and growing user adoption strengthen Ethereum&#39;s fundamentals, suggesting potential price increases.</p><h2 id="header-8"><strong>Solana Gains Over 16% in a Week</strong></h2><p>Solana has seen a spike in price amid fresh applications for exchange-traded funds tracking its spot price in the U.S. Solana&#39;s trading volume jumped 50% to $1.68 billion, becoming the third-most traded cryptocurrency, excluding stablecoins.</p><h2 id="header-9"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/383300cea27245c1a644513b0da96e6e.png" /></p><p>Solana’s weekly gains increased to 16.59%, driven by applications for spot ETFs. After VanEck and 21Shares filed for such investments, Solana&#39;s price saw a boost.</p><p><strong>Read more: VanEck Files for First Solana ETF in the U.S.: A Potential Game Changer?</strong></p><h3 id="strong-solana-technical-analysis-sol-facing-strong-resistance-at-150-strong"><strong>Solana Technical Analysis: SOL Facing Strong Resistance at $150</strong></h3><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/4a1e70fc7e7f40aabfe4f11c76c35b8e.png" /></p><p>SOL/USDT price chart | Source: KuCoin</p><p>Solana has been battling for the $150 threshold recently. Positive fundamental developments, like the introduction of Blockchain links (Blinks), haven&#39;t significantly moved the asset&#39;s price.</p><p><strong>Read more: Solana ‘Blinks’ and ‘Actions’ Bring Crypto Trading to Social Media Feeds</strong></p><p>To verify a bullish reversal and pursue the $150 target, Solana needs to close above multiple moving averages. Recently, Solana found support at the 200-day EMA around $130. Numerous tests of this level indicate significant buying interest.</p><h2 id="header-10"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/27db00d5ac9a4ad5918d15298c9d2afa.png" /></p><p>The volume profile shows mixed signals. While some trading activity is present, there&#39;s not enough to indicate strong bullish momentum. An increase in volume would signal growing confidence in Solana&#39;s price action.</p><p>Solana&#39;s RSI is around 50, suggesting potential for positive movement. Bulls would benefit from an RSI move above 50.</p><h2 id="header-11"><strong>Economic Events That Might Impact Market Sentiment This Week:</strong></h2><p>Several key macroeconomic events could influence crypto prices this week:</p><ol><li>The Federal Reserve&#39;s June meeting minutes, set to be released on July 3, will provide insights into the Fed&#39;s decision-making process, especially regarding interest rates. A hawkish stance could weigh on the crypto market, while prolonged rate stability could support crypto prices.</li><li>Multiple U.S. job data releases for May and June will offer a comprehensive view of employment trends, where higher-than-expected job openings and employment figures could signal economic strength but may also raise inflation concerns, impacting crypto market sentiment.</li><li>The release of U.S. trade deficit data for May on July 3 could signal economic challenges if the deficit widens, potentially deterring investment in high-risk assets like cryptocurrencies.</li><li>The implementation of MiCA crypto rules in the EU, starting June 30, will create a comprehensive framework for crypto trading in Europe, potentially causing short-term volatility but aiming for long-term stability.</li><li>Additionally, Fed Chair Jerome Powell&#39;s participation in discussions at the ECB Forum on Central Banking in Portugal on July 2 will provide insights into the Fed&#39;s outlook on inflation, interest rates, and global economic trends, impacting market sentiment.</li></ol><h2 id="header-12"><a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">Claim Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On WWW.CHIKAMOJI.LOL</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/9be645a07ad64584a67767b69f8de75e.png" /></p><h2 id="header-13"><strong>Conclusion</strong></h2><p>This week, XRP, Ethereum, and Solana are the top cryptos to watch due to their unique market positions and potential for significant price movements. XRP shows signs of a potential reversal with low trading volume and an RSI around 41, suggesting room for growth. Ethereum remains stable with strong fundamentals, including anticipated ETF inflows of $15-20 billion and maintaining a bullish stance above its 200-day moving average. Solana, maintaining around $150, has seen a 50% jump in trading volume to $1.68 billion, bolstered by positive developments like Blockchain links (Blinks) and strong support at the 200-day EMA.</p>

Top 3 Cryptos to Watch This Week: All Eyes on XRP, Ethereum, and Solana

Innholdsfortegnelse

CryptosHeadlines.com

Andre artikler publisert på 2. juli 2024

MobileCoin Offers Secure Payments

$WIF Soars Nearly 30% as Doge-Themed Meme Coins in Presale Anticipate Massive Gains

Is Binance US Ready for a Protracted Legal Battle with the SEC?

Watch Your Wallet Grow: Altcoins That Could Skyrocket In The Bull Run

Robinhood Expands Services to New US Territories Amid Market Upheaval

Coinbase Bags $32 Million Contract From DOJ For Handling Confiscated Crypto

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!