Cryptocurrencies Price Prediction: Ripple, Solana & Bitcoin – American Wrap 16 July

FXStreet Team FXStreet

Ripple Price Forecast: XRP breakout in the offing buoyed by strong on-chain metrics, US crypto bills

Ripple (XRP) edges higher again, up over 1% to trade at around $2.95 on Wednesday. The correction from highs slightly above $3.00 reached on Monday saw XRP find support at $2.80. With the uptrend reinstated and aiming for highs above the short-term hurdle at $3.00, focus is quickly shifting to the record high of $3.40, tagged in January.

Solana-based Bonk rally shows no signs of faltering as market cap rises 55% in July

Bonk (BONK) has continued to gain bullish momentum, standing out among other meme coins with intraday gains exceeding 12% on Wednesday. On the backdrop of a 110% surge over the past 30 days, Bonk trades at around $0.00003377 at the time of writing. The surge in Bonk has had a positive impact on the market capitalization, marking a 55% increase in July to $2.55 billion, according to CoinGecko.

Bitcoin Price Forecast: BTC rebounds as Trump steps in to revive momentum for crypto legislation

Bitcoin (BTC) price recovers slightly, trading near $119,000 at the time of writing on Wednesday after falling nearly 2% the previous day. This recovery comes following the announcement by the US President Donald Trump early on Wednesday that the GENIUS Act is ready to pass through the House of Representatives during the legislative “Crypto Week”, fueling optimism in the crypto markets. Moreover, institutional demand continues to strengthen, as the spot Bitcoin Exchange Traded Funds (ETFs) recorded over $400 million in inflows on Tuesday, continuing the streak of inflows since July 2.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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