BTC price has risen to the brink of $43,700 at the time of writing, and there is a sentiment that an ETF approval could come at any moment. The recent share by the Galaxy CEO and the days pointed out by Reuters, Tuesday and Wednesday, bring a justified excitement. So, if a real Spot Bitcoin ETF approval happens, how much could XRP, SOL, and ADA Coin be worth?
XRP Coin Technical Analysis
If BTC rises rapidly without crushing even the major altcoins, it is expected that XRP Coin and others will also get their share of this FOMO. The support level at $0.60 remains strong, and if the trend line is breached, XRP Coin’s price could rise to $0.74. However, in the opposite scenario, a rapid BTC rise could pressure the price, and the popular altcoin could see a drop to $0.56 and $0.46.
SOL Coin Technical Analysis
SOL Coin has maintained support at $96.68 even in a selling environment. The maintenance of higher levels of support after a rapid rise reflects the bulls’ appetite for new peaks. SOL Coin investors have made significant gains in a very short time. The resistance at $107 has been breached, and if SOL Coin starts closing above $110, it will be an important bullish signal.
In the continuation of the rally, targets of $156 and $200 can be aimed for. The critical support to watch on the downside is the 20-day EMA. If support near $95 is lost, panic selling could accelerate the decline. In this case, a sharp drop to the $74 support level could occur, and likely buyers will be ready to act depending on the situation.
ADA Coin Technical Analysis
Cardano continues to trade within a symmetrical triangle formation, which indicates indecision between bulls and bears. This is generally considered a continuation pattern, and predicting the direction is not very feasible before a breakout occurs.
Assuming that the BTC price will rise and break upwards, we should see a move towards $0.68 and $0.8. If ADA Coin goes in the opposite direction, then we could see it retreat to as low as $0.51.
