Cryptocurrencies Price Prediction: Solana, Ripple & Bitcoin – Asian Wrap 20 August

Top Altcoins Price Forecast: Ripple rallies above $1, Solana eyes $85, Cardano eases gains

Solana trades around $84.81, extending a bullish bias as price holds above the 50-day and 100-day EMAs at $76.30 and $78.41, respectively. SOL also holds above the 50% retracement of the $98.41 to $60.13 downswing at $79.27. Momentum is strong, with the RSI hovering in overbought territory near 72 as buying pressure builds and the MACD shows a positive trend with its signal line, reaffirming persistent upside pressure.

Ripple and Stellar outlook: Extend gains as expanded US Treasury buybacks trigger crypto short squeeze

XRP price trades at $1.108 on Thursday, holding above the 50-day Exponential Moving Average (EMA) at $1.076 but still capped by the 100-day EMA at $1.153 and the longer-term 200-day EMA at $1.338 overhead. This configuration hints at a recovery attempt within a broader capped structure, as price has reclaimed the broken downtrend resistance line around $0.995 as support.

Crypto Overview: Bitcoin eyes $70,000 on US Treasury bond buybacks – ETH, HYPE, TRUMP lead gains

Bitcoin trades around $69,576 at press time on Thursday, reflecting a bullish near-term bias after a 7% surge the previous day. The King Crypto holds well above the 50-day Exponential Moving Average (EMA) at $64,766, and the reclaimed 23.6% Fibonacci retracement of the downswing from $82,850 to $57,800 at $63,711. From a technical perspective, Bitcoin is approaching the 50% retracement at $70,325, a key resistance level reinforced by the 200-day EMA at $71,941, which forms a broader overhead barrier.