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COINTURK NEWS > Technical Analysis > Cryptocurrency Prices Surge as Trump’s Moves Create Market Ripples
Technical Analysis

Cryptocurrency Prices Surge as Trump’s Moves Create Market Ripples

In Brief

  • Cryptocurrency prices rise as Trump's actions influence market volatility.

  • XRP and BNB face volatile price predictions with key support levels in focus.

  • Solana and Ethereum experience mixed outcomes amidst fluctuating market conditions.

Ömer Ergin
Ömer Ergin 9 months ago
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Bitcoin (BTC) $77,690 kicked off the new day trading above $113,000, bolstered by recent statements from former President Donald Trump, who promised greater market volatility. While investors harbored bearish sentiments at the onset of August, many are now wondering whether a swift market reversal is imminent. How do the predictions for XRP, BNB, SOL, and ETH stand in the current climate?

Contents
XRP and BNB Price PredictionsSolana (SOL) and Ethereum (ETH)

XRP and BNB Price Predictions

Trump is expected to make a major decision regarding Russia by Thursday, which will likely be evident through his social media updates. As Trump prepares to meet with Putin to discuss ending the war, heightened tensions from Medvedev’s critical remarks have been a concern. The outcome of their meeting and subsequent social media updates from Trump may weigh heavily on market perceptions.

For XRP Coin, while fear could potentially drive an upswing, prevailing macroeconomic conditions may challenge the stability of cryptocurrencies. The market is poised for volatility in both directions, with support ranging from $2.74 to $2.9 as pivotal levels.

Should XRP Coin close below this support range, the gains from its recent rally might be revoked, driving prices down to $2.46. The ripple effect of Trump’s declarations on BTC’s price, possibly pushing it back to $108,000, remains to be seen. Conversely, a rally could aim to reclaim support at $3.1 and target the $3.3 region.

BNB Coin suffered as anticipated declines disrupted its trajectory towards a new all-time high (ATH). The focus remains on defending the $735 level, as a drop below could trigger a search for bottoms between $675 and $625. For continued ascent and pursuit of ATH, market attention should shift towards sustaining $758.

Solana (SOL) and Ethereum (ETH)

Solana $86 (SOL) experienced subdued gains in the recent rally, easily reverting to its early July price range. In an optimistic scenario, reclaiming the $168 mark and setting sights on $185 are potential targets. While previous gains were relinquished readily, significant losses during downturns might be avoided.

A psychological support level stands at $150, with an additional target at $138.

In the ETHBTC pairing, a tendency to revert to 0.03BTC is noted, failing again to overcome 0.033. The emergence of ETH ETF withdrawals presents concerns; while inflows nearing half a billion dollars excite, the $465 million withdrawal on August 4 underscores caution. Preliminary data for August 5 suggests further net outflows, reinforcing wariness among investors.

A decline to $3,320 would burden altcoin investors. A recovery requires at least a return to $3,640 as necessary.

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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Ömer Ergin 6 August, 2025 - 1:33 am 6 August, 2025 - 1:33 am
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