Cryptocurrencies Price Prediction: Zcash, Ripple & Jupiter – Asian Wrap 02 July

Zcash Price Forecast: ZEC pares minor losses as broader market retail sentiment recovers

Zcash (ZEC) maintains a mild recovery trend this week, extending gains on Thursday following a 4% surge the previous day. The privacy coin regains retail demand, with leveraged positions rising 11% over 24 hours, supported by a 17% surge in volume. Zcash should clear the 50-day Exponential Moving Average (EMA) around $450 for a clear bullish trend ahead.

Ripple and Stellar outlook: XRP and XLM build on recovery as traders turn cautiously bullish

XRP price trades at $1.059 on Thursday, extending recovery after holding above the key psychological level of $1.00. Despite this recovery, XRP maintains a bearish long-term bias, as it remains well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $1.188, $1.297, and $1.516, respectively. Price also sits beneath the upper boundary of the downward parallel channel near $1.141, keeping the pair confined within a broader corrective structure.

Crypto Market Overview: Bitcoin recovers on Kevin Warsh optimism – Jupiter, Morpho lead rally

Jupiter extends gains on Thursday, following a 10% surge the previous day. With a bullish near-term bias, price sits above both the 50-day and 200-day EMAs, clustered around $0.1991 and $0.2199, respectively. JUP is testing a reclaimed downward resistance trend line at $0.2377, suggesting a potential transition into a more constructive phase. The resistance trendline coincides near the 78.6% Fibonacci retracement level at $0.2406, measured over the downswing from $0.2766 to $0.1444.