Crypto Market Update: XRP Loses Uptrend as BTC, ETH, and SOL Chart Mixed Technical Signals
Bitcoin (BTC) Struggles Below Key Resistance
Bitcoin (BTC) reached a record high of $123,181 on July 14 but has since entered a consolidation phase. Over the past week, BTC has traded between $116,000 and $120,000, repeatedly failing to break above the upper end of this range.
Technical indicators suggest weakening momentum: intraday moving averages are flattening, and the daily MACD histogram is beginning to tilt bearish — signaling a potential short-term correction. Still, the broader uptrend from the June lows remains intact, leaving room for a possible continuation higher.
- Resistance: $120,000, $123,181
- Support: $116,000, $115,739, $111,965
- AI Insight: Bearish momentum is building below resistance; risk of near-term pullback is rising.
XRP (XRP) Breaks July Uptrend
XRP has lost its upward momentum, breaching the rising trendline that supported its July rally from $2.20 to recent highs. The asset now trades between $3.35 and $3.65, but the trendline breakdown raises the risk of a deeper correction.
Adding to the caution, the spread between XRP’s Bollinger Bands has widened to levels not seen since December’s correction — a sign of heightened volatility and potential downside. A sustained move below $3.35 would confirm bearish pressure.
- Resistance: $3.65, $4.00
- Support: $3.35, $3.00, $2.65
- AI Insight: Trendline failure and increased volatility point to elevated downside risk.
Ethereum (ETH) Enters Cooling Phase
Ethereum’s rally from $2,200 to $3,850 appears to be stalling, with the asset pulling back to around $3,600. Technical indicators now suggest ETH may enter a period of consolidation. Bollinger Bands have expanded to their widest since April 2021, signaling recent high volatility and a likely slowdown.
Meanwhile, the Relative Strength Index (RSI) remains in overbought territory, hinting that a sideways or corrective phase may be needed before any continuation higher.
- Resistance: $4,000, $4,109, $4,382
- Support: $3,480, $3,081, $2,879
- AI Insight: ETH may trade sideways after overextending; consolidation is likely near term.
Solana (SOL) Maintains Bullish Outlook
Despite a minor pullback below $200, Solana’s (SOL) technical structure remains bullish. The asset is trending within an ascending channel, with both intraday and daily moving averages sloping upward.
Bollinger Bands have widened to their highest level since Q1, suggesting a breakout from low-volatility conditions. A golden cross — where the 50-day SMA moves above the 200-day SMA — is also nearing, adding further bullish confirmation. SOL could target the upper end of its rising channel near $215 and beyond.
- Resistance: $218, $252–$264
- Support: $187–$185, $163 (50-day SMA), $145
- AI Insight: Structure supports further gains; breakout above $200 could accelerate upside.
