Crypto Price Analysis: ETH, XRP, ADA, BNB and SOL Are on the Rise!

• This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana.
• Ethereum broke above $2,000 allowing it to book a 7% price increase and the momentum is bullish with potential for further gains.
• Ripple booked an impressive 72% increase due to its win in the lawsuit against the SEC.

Crypto Price Analysis July-14

Ethereum (ETH)

The market turned bullish yesterday and Ethereum broke above $2,000 allowing it to book a respectable 7% price increase this week. The momentum is bullish and continuation seems likely with current resistance at $2,120. If buyers manage to sustain and increase the momentum here then ETH’s price is expected to test this key resistance. If sellers won’t hold down the price then it could escape and move towards $2,500 next.

Ripple (XRP)

XRP has been the star of the show this week booking a mind-blowing 72% price increase due to its win in a lawsuit against the SEC which declared that XRP was not a security so long it was bought or sold on a third-party exchange. Looking ahead XRP faces resistance at 92 cents and has good support at 68 cents; however after such an immense pump a pullback also seems likely.

Cardano (ADA)

Cardano saw some minor losses over last week as the cryptocurrency dropped by around 1%. Currently ADA sits at around $1.17 but further losses seem unlikely as there is strong support around this area which should prevent any major drops from occurring in ADA’s value. Looking ahead ADA could see some more gains if bulls regain control of its momentum once again; however these are currently uncertain given how volatile ADA can be on occasion.

Binance Coin (BNB)

Binance Coin saw some minor losses over last week dropping by 3%. Its current value stands at around $36 but further losses seem unlikely due to strong support found within this area which should help prevent any major drops from occurring in BNB’s value. Looking ahead BNB could potentially see some more gains if bulls regain control of its momentum once again; however these are currently uncertain given how volatile BNB can be on occasion so caution should still be taken when investing into BNB regardless of what predictions may say about its future performance..

Solana (SOL)

Solana had an impressive week as it booked 10% gains taking its current value up to around $25 per token where it currently stands today. SOL’s short term outlook looks bullish as analysts predict more increases may come over time; however these are still uncertain given how volatile SOL can be on occasion so caution should still be taken when investing into SOL regardless of what predictions may say about its future performance.