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

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

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

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple clings to $1.25 support as Binance reserves hit five-year low

Ripple clings to $1.25 support as Binance reserves hit five-year low

XRP bulls gather around $1.25, eyeing a short-term recovery attempt as the broader crypto market consolidates. Binance's XRP reserves fall sharply, reaching the lowest level since 2021 following the resumption of withdrawals on the exchange.

Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital

Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital

Bitcoin trades downward at $76,566 on Tuesday, testing six-week lows. Ethereum, like Bitcoin, trades under pressure as it consolidates within a narrow support range. Meanwhile, Ripple hovers marginally above $1.25.

Bitcoin risks deeper losses as the 200-day EMA comes under pressure

Bitcoin risks deeper losses as the 200-day EMA comes under pressure

Bitcoin slips toward the key support zone around $76,455 on Tuesday, after falling nearly 2% the previous day. The largest cryptocurrency by market capitalization nears a make-or-break level, with a daily close below $76,455 suggesting a deeper breakdown.

Top Altcoins Price Forecast: Ripple, Cardano, and Solana brace for further downside move

Top Altcoins Price Forecast: Ripple, Cardano, and Solana brace for further downside move

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), remain weak ahead of the US midterm elections on Tuesday, as last week's $6.3 billion Binance hack has dampened social sentiment.

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.