Did BTC Reach $140,000? XRP is free of obstacles, Solana (SOL) threatens to drop to $100?

Jakarta, Pintu News – The cryptocurrency market is always full of unpredictable dynamics. With Bitcoin (BTC) attempting to break the upper limit, Ripple (XRP) starting to show signs of recovery, and Solana (SOL) continuing to struggle under pressure, market participants are constantly looking for clues on the next direction these assets might take.

Bitcoin (BTC): Waiting for the Second Wave

On the daily chart, Bitcoin (BTC) seems to be following a classic wave pattern, but it is still unclear if this very important second wave will occur. Bitcoin (BTC) is currently trading at around $109,000 after failing to break the descending trendline resistance that has capped momentum since June. The first wave of Bitcoin’s (BTC) rally began mid-April, when the price surged past $95,000 and reached a peak of around $112,000 within the same month.

However, the lackluster price action is starting to raise concerns. Although the volume profile showed several daily closes above the short-term moving average, there was no noticeable increase in buying pressure. This suggests that the market may be waiting for a catalyst that has yet to appear. If Bitcoin (BTC) is unable to generate a sustained second wave, there could be a long consolidation rather than the spectacular rally traders were hoping for.

Also Read: XRP price surges but corrects, can bulls take over again?

Ripple (XRP): Escape from Technical Constraints

Ripple (XRP) is finally showing signs of liberation from the technical limitations that have dogged it for months. On the daily chart, it is clear that the asset has managed to move above all of its major moving averages, including the 50, 100, and 200-day EMA bands. This marks an important change that suggests the beginning of a more purposeful trend rather than the erratic trading that characterized the second quarter of 2025.

The ascending triangle formation that has developed over the past few weeks indicates a definite bullish tone. Buyers have been gradually stepping in at lower levels and progressively consuming supply. The Relative Strength Index (RSI) has increased to around 57, which is still well below overbought levels, giving Ripple (XRP) some room for upside in the near term.

Solana (SOL): A Vulnerable Position

Solana (SOL)’s position is becoming increasingly vulnerable as the asset is not generating significant breakout momentum. Solana (SOL) has consistently moved sideways below all major moving averages on the daily chart, including the 50-day, 100-day, and especially the 200-day EMA, which has acted as a hard overhead resistance. Although there have been several attempts to recover higher levels, buyers continue to fail to cross these technical barriers.

Each rally in Solana’s (SOL) case was followed by renewed selling pressure, as indicated by a series of lower highs lasting several weeks. Volume trends also support this issue. There has been no noticeable surge in interest that usually precedes a long-term reversal, and trading activity has declined from its peak earlier this year. If Solana (SOL) is unable to make a clear break above the $160 zone, the risk of entering a more severe correction increases.

Conclusion

With the ever-changing dynamics in the cryptocurrency market, investors and traders must remain vigilant and ready to adjust their strategies according to the latest developments. Whether it’s the potential surge of Bitcoin (BTC), the recovery of Ripple (XRP), or the challenges faced by Solana (SOL), every move has a significant impact on investment strategies and trading decisions.

Also Read: Bonk Crypto Surges: Is the Next Target Beyond $0.000025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Bitcoin (BTC) to $140,000, XRP Unchained, Solana (SOL) at Risk of Hitting $100. Accessed on July 8, 2025