The cryptocurrency market started the week under pressure, losing 1.43% in 24 hours and reducing its total value to $2.16 trillion. Renewed tension between the United States and Iran has increased concerns about oil prices, persistent inflation, and prolonged high interest rates. As investors reduced their exposure to risky assets, crypto prices declined alongside stocks.
Bitcoin traders faced heavy losses as liquidations jumped 258%, wiping out $58 million in positions. Spot Bitcoin exchange-traded funds also recorded another $95 million in outflows. These conditions have created an important session for XRP, Solana, and Ethereum, with buyers needing to defend support levels.
XRP Price Analysis and Prediction
XRP is trading near $1.07, down 1.5% over the past day. The token remains in a broader decline that began in early June. Buyers defended support above $1.03 last week, but each recovery formed a lower high, confirming seller control.
The RSI stands at 36.88, near oversold territory without confirming a reversal. The Stochastic reading of 16.19 suggests a possible bounce, while the Ultimate Oscillator at 39.69 shows weak demand. The negative MACD reading of -0.00638 confirms bearish momentum.
Institutional adoption continues to support XRP. Tokenized assets on the XRP Ledger have grown from $991 million to nearly $4 billion across more than 500 products. A move above $1.10 could target $1.13 and $1.16, while losing $1.03 may expose $1.00.
Solana Price Analysis and Prediction
Solana is trading around $76.30 after declining 0.57%. Its recovery from June’s low near $61 weakened after rejection around $81. The formation of another lower high suggests sellers remain influential.
Solana’s RSI is 40.29, while its Stochastic reading of 27.86 approaches oversold territory. The Ultimate Oscillator remains neutral at 47.80, but the MACD at -0.62 confirms bearish pressure.
Network activity remains a positive factor. Solana processed more than one billion non-voting transactions during the week ending July 6. Weekly active wallets also increased from 16.8 million to 29.7 million within two weeks. However, a $14 million wallet theft involving a compromised private key damaged confidence across the crypto market.
SOL must reclaim $78 to target $80 and $82. Holding $75 could support sideways trading between $75 and $78. A break below $75 may send the price toward $72, followed by $70.
Ethereum Price Analysis and Prediction
Ethereum is trading near $1,776, down approximately 1.5%. ETH recovered from its June low around $1,520 but faced rejection after briefly crossing $1,800. It now trades between $1,770 and $1,780.
The RSI at 46.39 shows a slight bearish bias. The Stochastic reading of 3.67 indicates deeply oversold conditions, while the Ultimate Oscillator at 37.84 shows weak demand. However, the positive MACD reading of 8.1 suggests improving bullish momentum.
Institutional demand continues to support Ethereum. Bitmine reportedly holds 5.74 million ETH, while Robinhood has launched a Layer-2 network using ETH for gas. More than $141 million has already been bridged to the network.
Reclaiming $1,800 could push ETH toward $1,850 and $1,900. Holding $1,750 may produce consolidation. Falling below that support could expose $1,700 and $1,650.
Conclusion
XRP, Solana, and Ethereum remain vulnerable to geopolitical uncertainty, liquidations, and weak market sentiment. Nevertheless, institutional adoption and network growth provide long-term support. Traders should monitor support and resistance, manage risk, and avoid making emotional decisions based on short-term crypto volatility.
