Key Story Events
The market cap of cryptocurrencies stands at $3.29 trillion, while the fear and greed index remains neutral at 49.
Bitcoin is trading above $107,000, but it shows signs of stability below the resistance level.
Leading $XRP
Today, with an increase of nearly 5% as the Relative Strength Index (RSI) rises above neutral.
The cryptocurrency market generally maintains stability as the last days of June approach, with total market capitalization slightly rising to $3.29 trillion. However, trading volume has decreased by more than 15%, indicating reduced participation as the weekend approaches. As for the leading cryptocurrencies, while Bitcoin’s price increased by 0.28% to reach $107,327, Ethereum’s price decreased slightly, and #XRP shone with daily gains of 5%. Join me in exploring the technical analysis for next week's price forecasts.
Bitcoin Price Forecast ($BTC )
On the daily chart, the price of #البيتكوين is stabilizing just below the upper Bollinger band at $110,539.68. The Relative Strength Index stands at 56.30, indicating slight bullish momentum, but still within a neutral range. The price is currently stabilizing above the 20-day simple moving average at $106,002, representing immediate support.
Sideways movement and decreasing volatility on the chart suggest a potential breakout, but the trend remains uncertain. A decisive close above $108,000 could lead to a rise toward $110,500, while a rejection here could see Bitcoin's price decline to $106,000 or even to the lower range near $101,500.
Are you interested in long-term forecasts? Read our Bitcoin (BTC) price forecast for the years 2025, 2026-2030!
Ethereum Price Forecast ($ETH )
The largest altcoin, #الإيثيريوم is trading below the 20-day simple moving average at $2,508, showing signs of momentum weakness. The Relative Strength Index (RSI) has just bounced off oversold levels, currently recording 47.10, indicating early signs of a reversal attempt. Nevertheless, Ethereum remains stuck within a narrow channel on the daily timeframe.
If the bulls manage to push the price above $2,500 next week, Ethereum's price might return to $2,650. On the other hand, instability at $2,390 could open the door for further declines toward $2,250 or even $2,200, as the lower Bollinger band stabilizes.
Do you hold Ethereum? Check out our Ethereum price forecast (#ETH ) for the years 2025, 2026-2030!
XRP Price Forecast
XRP (#XRP ) has broken through its middle Bollinger band and is now attempting to push toward the upper range at $2.31. The Relative Strength Index (RSI) jumped to 51.05, showing increasing bullish momentum. This move comes on the back of a sharp rebound from its low of $2.07, which formed strong support this month.
If the rise above $2.22 continues, XRP may test the $2.31 level, and even $2.40 in the coming days. However, if buyers lose momentum, the support level will be at $2.17, followed by the lower Bollinger band at around $2.02.
Frequently Asked Questions
Will Bitcoin's price reach $110,500 next week?
Yes, if the bulls maintain their momentum, Bitcoin's price could rise to $110,500 by the end of next week.
Is Ethereum weakening compared to Bitcoin and XRP?
Yes, Ethereum's performance is somewhat weak. It is trading below key averages, while Bitcoin is consolidating, and XRP shows stronger bullish momentum.
Will XRP's price reach $3 next week?
It is unlikely to reach this level unless there is a major catalyst. XRP may test the $2.40-$2.50 level, but reaching $3 requires a strong breakout supported by trading volume and a sentiment shift. #StrategyBTCPurchase