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On July 16, crypto investors saw a quick drop due to the MTGOX transfer, but it was limited. The bears’ attempt to push below $60,000 failed. As of the writing of this article, the leading cryptocurrency is still trading at $63,644. So, what are the latest predictions for three popular cryptocurrencies?
LUNA Coin
Known for its speculative movements and now heavily worn out, LUNA is among the risky assets in the long term. The altcoin, which reached a new ATL level at $0.29, is now closing above $0.4. The nearest resistance level is $0.432. If LUNA Coin starts a speculative rise, a quick test of $0.694 could be seen.
However, as we have seen from previous attempts, the risk of this resulting in a long upper wick should not be overlooked.
Solana (SOL)
Compared to the general market, SOL Coin’s price remained strong in a declining environment. The altcoin did not see a new low below $116 and felt the support of the ETF news significantly. In the mid-term, more speculative rises could be expected due to the anticipation of SOL SPOT ETF news, even if not for approval.
Continued closings above $150 for SOL Coin are very positive. The next target will be turning $162 into support. When Solana (SOL) bulls achieve this, the excitement in the Solana ecosystem in the second quarter could revive, providing extra support for the price. $188 and $205 remain key stops before the ATH.
Investors who bought at $8 prices have already seen significant returns. SOL Coin uses its ecosystem strength to stand out positively despite the increasing competitive environment. Peaks of $256 and beyond could be seen before the year ends. And of course, the unpredictable nature of crypto should not be forgotten.
XRP Coin Predictions
On the anniversary of the 2023 summary decision, XRP Coin remembered its gains and started to rise again. As of the writing of this article, the price hovering at $0.574 is quite attractive. It is one of the best gainers among the largest cryptocurrencies.
With closings above $0.58, XRP Coin could retest the $0.64 and $0.73 thresholds. For now, the only thing that could disrupt this is BTC falling below $60,000 again.
