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Crypto Price Analysis July-25: ETH, XRP, ADA, SOL, and HYPE
The crypto market has experienced a phenomenal rally in the past week. Ethereum (ETH), for instance, closed with significant double-digit gains, rising by an astonishing 22%. As we delve deeper into this article, we’ll examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid’s performance.
Ethereum (ETH)
ETH has been on a tear, posting a remarkable 22% gain in the past week. The current price is above $3,600, targeting the highly anticipated $4,000 mark. This critical level has become a magnet for buyers. ETH’s impressive rally makes it challenging to find any significant pullbacks. The path ahead appears bullish, with an eye on clearing and validating $4,000 as support.
Ripple (XRP)
On the other hand, XRP witnessed a thrilling 37% rally over the past week, reaching an all-time high of $3.6. The performance is impressive after weeks of stagnation around $2. It’s now critical to see how buyers and sellers interact at this stage as prices explore new territories.
Ripple’s current price may aim for $4 in the coming days if buyers continue their fervor, but first, they must break through the $3.6 resistance.
Cardano (ADA)
ADA has reached its target of $0.90, a testament to the relentless bull run we are witnessing. This week saw ADA gain 26%, showcasing immense buying pressure. Sellers appear to be defending this critical level, but their resistance is unlikely to hold considering the overall market sentiment.
ADA can continue moving higher once clearing this hurdle. Meanwhile, it’s essential to recognize that any potential selling will have solid support at $0.80 if sellers re-enter the scene.
Solana (SOL)
As SOL approached $186, we observed a 12% gain during the week. The resistance may spark some profit-taking activity and potentially lead to a slight correction around this level. However, under current market conditions, it’s unlikely that bears will be able to gain significant traction. Instead, buyers could capitalize on the higher high at $200.
SOL has an opportunity to break through previous highs since January when it hovered near $300.
Hyperliquid (HYPE)
Lastly, we analyze HYPE, which witnessed a less impressive performance with a 9% decline this week, indicating a sign of buyer exhaustion and possible capital rotation towards other ecosystems, such as Ethereum.
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Source: cryptopotato.com
