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Crypto Price Analysis July-25: ETH, XRP, ADA, SOL, and HYPE
This Friday, we dive deeper into the performance of Ethereum, Ripple, Cardano, Solana, and Hyperliquid.
Ethereum (ETH)
ETH wraps up another week with significant double-digit gains at 22%. At the time of this post, the price is above $3,600 and seems to be targeting the critical level of $4,000. The crypto has robust support around $3,300 for now, although this level hasn’t been tested yet. The buying pressure has been too intense to permit any significant pullbacks. It appears likely that the price will hit $4,000 before sellers make their presence known.
Looking forward, the bullish momentum remains very strong. The first real test for ETH is to clear and turn $4,000 into support. Before this happens, it’s difficult to call targets beyond this critical level.
Ripple (XRP)
XRP set a new all-time high with a price just above $3.6 after an impressive 37% weekly advance. This performance comes after a prolonged period of consolidation around $2. The cryptocurrency has now fallen outside the area where buyers and sellers will struggle for dominance, seeking a fresh equilibrium.
The old resistance at $3 may convert into support going forward and provide a good defense if sellers return as it did during the recent few days. Looking ahead, XRP’s price may aim to reach $4 in the upcoming days if buyers stay determined. To achieve this, they need to surpass $3.6 initially.
Cardano (ADA)
ADA has finally reached and tested the $0.90 resistance after a remarkable gain of 26% this week. With bulls on the offensive, ADA has a real chance at reclaiming a price above $1 in the coming days and weeks. At the time of this post, sellers appear to be defending $0.90, but they are unlikely to hold on for long considering the strong bullish momentum across the market.
Once this level is cleared, ADA can move higher. Looking ahead, Cardano’s token will be able to sustain this rally and go much higher as soon as a price of $1 is secured. Until then, it has good support at $0.80 should sellers return here.
Solana (SOL)
SOL arrived at the $186 resistance this week after a 12% rally. This crucial point will put some pressure on the price and selling may increase here. Nevertheless, buyers have the upper hand and could turn this level into support in the future. If $186 is broken, SOL has a clear path towards $200.
That level could create FOMO around Solana and cause buyers to rush back to it, given that the attention has been captured by XRP and ETH recently. The macro price action remains bullish with clear higher highs.
In conclusion
Source: cryptopotato.com
