BTC price At the time of writing, it is at $62,579 and the Fed minutes will be announced tomorrow. Despite the Fed’s interest rate cut cycle, cryptocurrencies have not yet started to rise at the expected pace. Although many developments this year have supported the necessary environment for the rise of cryptocurrencies, investors are cautious for now due to the movements that have continued for 2 quarters. So what are the goals for XRP, Solana and Chiliz Coin?
XRP Coin Price Predictions
in the last 2 weeks XRP Coin dropped by 20 percent. Investors who were happy with the outcome of the case and had bullish expectations due to the SEC’s appeal were disappointed. The appeal process is expected to not be completed until at least the end of next year. The 4-year ongoing fight represents the SEC’s longest case in the crypto space.
The important detail here was the potential for altcoins like XRP Coin to appeal to the SEC in light of the recent court decision. The SEC has to reverse the decision in this case because it says almost all altcoins are securities/investment contracts. Otherwise, other cases will be at risk.
XRP Coin price cannot regain the parallel channel support at $0.578 and is facing continuous sales above $0.6. If the declines continue, it is possible to see new lows at $0.51 and $0.48. In oversold situations, the target will be $0.447.
On the contrary, for a real rise, closes above $ 0.68 are required. However, it seems that, like the previous bull cycle, this time, XRP Coin will see a limited rise under legal pressure due to the appeal process of the case.
Solana (SOL) Price Forecast
One of the largest smart contract platforms and Ethereum $2,425 from rivals solana (LEFT) is at $143.55 at the time of writing. The ETF story ended as soon as it started and SOL Coin crashed. The $162 level is the area where sales are concentrated and some analysts say that buying can be done with convincing closes above $164. A return to the $128 support is likely in the continuation of the decline.
Chiliz Comment
The price recovered from the base of $0.0475 and maintained the parallel channel support at $0.0586. CHZ Coin We mentioned that the $0.07 level could be constantly tested for , and this has been happening for 3 weeks. Investors who turned the fluctuation into an opportunity benefited in the short term. However, for long-term CHZ Coin investors, the parallel channel resistance at $0.085 must be overcome as Chiliz demand strengthens.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.