Cryptocurrencies Price Prediction: Ripple, Solana & Bitcoin – American Wrap 16 July
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.
Author
FXStreet Team
FXStreet
