Cryptocurrencies Price Prediction: Ripple, Solana & Dogecoin – American Wrap 01 July

XRP Price Prediction: Ripple is dead money below $0.76

XRP price did engineer a 45% gain from the June 22 low to the June 29 high, but it does not meet the criteria of an impulsive recovery as volume was unimpressive. Today’s breakdown from a bearish flag pattern reflects the corrective temperament of the rebound. It has raised the odds that Ripple will break below $0.650 and target the 78.6% Fibonacci retracement level of $0.555 and potentially the June 22 low of $0.512.  

Solana price upside looks tempting, but SOL weekly chart screams bull trap

Solana price had a solid recovery after the sell-off in major cryptocurrencies.  Although SOL broke a crucial bearish trend line, the upside looks very limited.  A drop lower could show $22.66 as the downside target at the 78.6% Fibonacci level. Solana price has had a good recovery toward $36, but support is getting weaker as forces from above are putting a significant cap on any further upside potential.

Dogecoin has had a rough ride, but DOGE looks ready to jump to $0.35

Dogecoin had a solid recovery after the sell-off in major cryptocurrencies.  Although Dogecoin previously broke a crucial bearish trendline, significant Fibonacci resistance is being tested at $0.28. The 55 simple moving average at $0.35 is the next level of resistance. Dogecoin’s love affair with Elon Musk has cooled down in the past weeks, and that has been priced in. Now, DOGE looks ready for an upside move towards $0.35.


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Solana price eyes new all-time highs before taking a breather

Solana (SOL) price has successfully broken out of the descending top line that was keeping  SOL price trapped below $200. The breakout rally began  at the level of the 50-day Simple Moving Average (SMA), a level which has provided support on several previous occasions. 

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Terra hits new record in total value locked ahead of 10% of LUNA supply burn

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Polkadot price bound for 50% breakout if DOT bulls can overcome this hurdle

Polkadot price is currently facing a decisive moment as it trades between two significantly troublesome barriers. While overcoming these hurdles will be trying, doing so will lead to a volatile move.

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BNB to rise over 30% as Binance Smart Chain proposes to burn BNB fees like Ethereum

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

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