BTC price attempted to test $60,000 but has not reclaimed this threshold at the time of writing. As of writing, Bitcoin (BTC) price stands at $57,500. Altcoins experiencing significant losses due to sudden fluctuations have started to reclaim close support levels. However, to see a bottom reversal story, we need to see closures above $60,000. So, what are the current predictions for ETH, BNB, and XRP Coin?
Ethereum (ETH)
The largest altcoin by market value, Ethereum (ETH), is hovering around $3,100 despite the upcoming ETF launch. The altcoin, which experienced more losses than the BTC during the crypto king’s decline, has not yet reflected the ETF excitement in its price. Volatility is expected to increase here soon with the SEC’s S-1 Form approval. Bloomberg Expert James predicts billions of dollars of inflows in the first 6 months.
As for the price, the $2,850 support test was conducted, and the bulls remained strong. The recent relief rally needs to bring closures above the EMA20 level of $3,245. If we see a sharp decline from here again, a drop to $2,850 and below that to $2,200 is likely.
So, what is the target for closures above EMA20? In this case, price fluctuations are expected in a wide range up to $4,094, the ceiling of the range.
BNB Coin Price Prediction
The strong BTC decline after the ATH was very poorly timed. On July 8, the price fell below the $495 support but held the $460 support. The resistance to be overcome here is also the EMA20 level of $548. If the attempt fails, a new dip possibility below $460 may arise. In the opposite scenario, in the case of an increase, resistances of $593 (SMA50) and $635 will be targeted.
The $635 is the last stop before the ATH, and a break above it could see a new upward period targeting $900 above $700. Although the ongoing growth of the Binance exchange and the BNB Chain network fundamentally supports the upward scenario, the determining factor is the general market sentiment.
XRP Coin Prediction
Although it fell below the $0.41 support, the price remains strong. We might see a new attempt at $0.46 for XRP Coin. If there is no upward break, the price may fluctuate between $0.41 and $0.46 for a while.
In the case of a decline, closures below $0.41 could open the door to targets of $0.38 and $0.3.
