The cryptography market continues to gain ground, adding 0.76% to reach a market capitalization of 3.89 billions of dollars. Despite a drop of 29.61% of the volume of 24 hours, the overall feeling looks bruised with the Fear & Greed index to a score focused on the greed of 64. The Altcoin season index is 42/100, showing an inclination to the domination of the bitcoin.
The gain on the market was supported by institutional entries, reimbursements of current FTX creditors and increased challenge developments. Investors are considering two major events next week that could reshape the feeling: the FOMC meeting (July 29-30), which should approach rate policies and macroeconomics, and dry decision on Bitwise Bitw ETF on July 31.
Join me while I plunge into the graphics of Bitcoin, Ethereum and XRP prices for next week.
Bitcoin price prediction (BTC)
Bitcoin is negotiated on the side just above his SMA 20 days at $ 117,176, reflecting a consolidation period. Bollinger bands shrink, soon suggesting a potential escape. RSI is 60.62, showing neither excessive conditions of over -rascal nor occurrence.
Uplining, BTC faces difficult resistance at $ 123,680, a level that he failed to violate earlier this month. If the bulls can push over it, the next leg could test $ 127,000. Conversely, a break below the support at $ 111,964 could exhibit the BTC at $ 108,000.
Target beach next week: $ 115,000 – $ 123,680
Price prediction Ethereum (ETH)
Ethereum remains one of the strongest artists. He continues to negotiate a channel to the trend with solid support at $ 3,550. The RSI is raised at 79.69, referring to slight over -racket conditions but still supported by a strong momentum. The price ranges just below the resistance area of $ 4,096.
If ETH exceeds $ 4,100, we could see a race at $ 4,250. However, if rejection occurs again, a decline at $ 3,600 to $ 3,550 seems likely.
Target beach next week: $ 3,600 – $ 4,250
XRP price prediction
XRP recently saw a rebound in the support area of $ 2,8497 after a correction of its resistance of $ 3.49. The RSI cools off from an overcrowding from 76.12 to 62.02, suggesting room for a new movement up. Bollinger’s bands show that XRP was trying to consolidate above the 20-SMA at $ 3.0589.
If the Bulls manage to recover $ 3.49, XRP could retain $ 3.60 next week. However, non-compliance with more than $ 3.05 can bring it back to $ 2.85.
Target beach next week: $ 2.85 – $ 3.49
Faq
Bitcoin is consolidated near the resistance. A decisive escape greater than $ 123,680 could open the door to $ 127,000, but the momentum must resume.
Yes, ETH approaches resistance of $ 4,100. If the purchase of the pressure supports, $ 4,250 can be achieved next week.
Yes, XRP displays signs of recovery of $ 2.85, and a decision greater than $ 3.49 could confirm the upward continuation.
