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Reading: Microsoft and Meta Earnings Drive Market Surge, Cryptocurrency Speculations Stirred
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COINTURK NEWS > Technical Analysis > Microsoft and Meta Earnings Drive Market Surge, Cryptocurrency Speculations Stirred
Technical Analysis

Microsoft and Meta Earnings Drive Market Surge, Cryptocurrency Speculations Stirred

In Brief

  • Microsoft and Meta's earnings boosted market optimism and opening performance.

  • XRP sees potential for growth with a $3.6 target amidst major financial reports.

  • SOL struggles at critical levels needing BTC’s movement to invigorate momentum.

Fatih Uçar
Fatih Uçar 9 months ago
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Yesterday, the earnings reports of Microsoft and Meta were spectacular, resulting in positive market expectations and an optimistic opening. Notably, Microsoft surpassed the four trillion-dollar market valuation threshold. Meanwhile, Bitcoin (BTC) $78,680 stands at $118,300 with altcoins showing signs of recovery. What are the predictions for XRP and SOL Coin according to cryptocurrency commentators?

Contents
Ripple (XRP)Solana (SOL)

Ripple (XRP)

As one of the largest altcoins by market value, XRP Coin has reclaimed the $3.1 support point and is currently stabilizing. Upcoming earnings reports from Apple and Amazon are anticipated, and if these mirror Microsoft’s strong performance, it suggests a promising second quarter despite tariffs. Consequently, the stock market could conclude the week on a high note.

However, tomorrow will reveal the tariff rates applicable to all countries, and employment figures will also be published. In this critical environment, cryptocurrencies are endeavoring to maintain their stability amidst these developments.

Prominent cryptocurrency analyst Ali Martinez recently shared a graph indicating a double bottom formation, mentioning that a close above $3.3 would confirm a breakout. If this double bottom formation comes to fruition, it might open the door to $3.6.

<img class="size-full wp-image-488321 aligncenter" src="https://coin-turk.com/wp-content/uploads/2025/07/Ripple $1-XRP-Coin-grafik-yorum.jpg” alt=”” width=”2424″ height=”1604″ />

Solana (SOL)

SOL Coin has yet to regain the critical $179 level, and current news suggests a fresh movement towards at least $115,000 by BTC is necessary. This might be why bulls are holding back. In DaanCrypto’s recent analysis, he shared his views on Solana $84 (SOL):

“SOL is still struggling at the $180 level. In the short term, this is quite critical. As I explained in my initial post, returning to this range would not be favorable and suggests weakness among altcoins. If this altcoin trend continues, major coins like SOL need to perform well and retain previously broken levels.

Therefore, following the strength of coins like ETH and SOL is crucial for your general altcoin outlook.”

In a downside scenario, $140 might be tested as the bottom. Lastly, Woo mentioned that high speculation and profit realization slow down momentum. Thus, a downward or sideways trend for BTC appears more reasonable to him, impacting all cryptocurrencies.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 31 July, 2025 - 6:02 pm 31 July, 2025 - 6:02 pm
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