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The leading cryptocurrency continues in red but maintains the $65,000 support as of writing. Bitstamp exchange will start refunds to creditors on July 25. Investors are selling due to fears of a drop in the next 24 hours. The next 24 hours are even more critical for XRP Coin.
XRP Coin Target
The SEC and Ripple will meet on July 25, and a settlement is not impossible. The summary judgment confirmed that XRP Coin’s exchange sales are not securities. If Ripple management agrees with the SEC on institutional sales, the long-standing case could end by February 2025 before Gensler leaves office, making Gensler appear less incompetent.
The next 24 hours are critical for XRP Coin. Additionally, as refunds begin on Bitstamp, the next 24 hours are critical for all cryptocurrencies. Things seem to be going well in the ETH ETF channel. Let’s look at the XRP Coin chart.
The $0.57 support was tested on July 23 but not lost. The expectation for July 25 plays a significant role here. Bulls struggling to overcome the $0.64 barrier face a strong negative market sentiment after the US markets open. If resistance is broken, the next target could be the $0.74 barrier.
However, if the $0.57 support is lost, we could see a drop to the SMA20 level of $0.52.
Solana (SOL) Target
If no new application is submitted by March 2025, a final decision will be made on the SOL Coin ETF applications by VanEck and 21Shares. Gensler will likely not be in office on the final decision day. If the SOL Coin price, which turned down from $185 about two days ago, can overcome the key barrier, it could jump to $210. Although the breakout in the triangle raises hopes, if the decline continues, a drop to $162 and below is possible for SOL Coin.
DOGE Price Target
DOGE remained relatively strong, with the SMA20 rising from $0.12, and the RSI at a reasonable point. If the recovery finds support, a new attempt at the SMA50 level of $0.15 could occur. The target will then be the $0.18 to $0.23 range. In the opposite scenario, the risk of a drop to $0.12 and $0.1 continues.
