Cryptocurrency market outlook positive with XRP rallying 50% and Bitcoin possibly surpassing $70,000

From Investing.com

July 18, 2024 12:00:20 am:

XRP has seen an impressive 50% rally, with $1 being a possible future target. The asset’s bullish outlook is strengthened by increased trading volume and multiple positive factors. Additionally, technical indicators suggest a bullish trend, with the asset crossing the 200-day moving average and showing strong buying pressure.

Bitcoin is approaching a breakthrough at $65,000, with the potential to surpass $70,000 if certain factors align. Approval of an Ethereum ETF could bring in institutional capital, propelling Bitcoin higher. However, uncertainties around Mt. Gox’s Bitcoin holdings could impact prices. Bitcoin’s resilience is evident in price and trading volume, maintaining position above the 50 EMA.

Solana is close to hitting resistance at $173, facing a historical consolidation range as minor resistance. The asset shows strong bullish momentum, breaking through key levels and attracting growing investor interest. Potential resistance at $173 could impact Solana’s path towards $200. Market movements from Ethereum and Bitcoin may influence Solana’s growth. RSI signals potential consolidation or pullback stages before further gains.

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