Cryptocurrencies Price Prediction: Sonic, Bitcoin & Ripple – American Wrap 17 July

FXStreet Team FXStreet

Sonic Price Forecast: Sonic Labs to launch AI platform Spark as S breaks out

Sonic (S) price exhibits a robust bullish structure, trading at $0.37 on Thursday, as altcoins in the broader cryptocurrency market flash early bull run signals. Although Sonic has pulled back slightly from $0.39, its highest level in the past month, it remains resilient. The bullish setup holds as the Layer-1 protocol token stays above two key levels: a recently broken trendline resistance and the demand zone at around $0.36.

Bitcoin (BTC/USD) Elliott Wave: Bullish sequences calling the rally

As our members know, we’ve been long in Bitcoin. The crypto has made a solid rally toward new all-time highs, gaining more than 20% since our entry on the June 22nd. In this technical article, we are going to present short term Elliott Wave forecast of BTCUSD. The crypto shows impulsive bullish structure in the cycle from the 105,141 low, calling for a further strength. In the following text, we will explain the analysis in more detail and present the potential target levels.

Ripple Price Forecast: XRP moves toward new highs as Ripple eyes Middle East's tokenized real estate market

Ripple's (XRP) uptrend paces toward new all-time highs, but is trading at around $3.24 on Thursday, following a remarkable recovery from a support level tested at $2.80 on Tuesday. XRP’s short-term technical structure backs the rally, which closed in on the record high but stalled at $3.29.

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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.