On July 9, 2025, the altcoin market witnessed remarkable moves, with XRP, BNB, LINK, ALGO, and WIF taking center stage in trading volumes. This article provides a recap of price dynamics and technical analysis for these altcoins.
XRP: Breakout on Surging Volume
XRP (Ripple) captured traders' attention with its breakout, pushing past the $2.28 resistance fueled by high buying volume and positive news regarding Ripple’s banking license in the U.S. The price peaked at around $2.29, while trading activity surged 93%, indicating strong institutional support.
BNB: Holding Support and Primed for a Breakout
BNB (Binance Coin) displayed resilience, holding above the support level of $656–$658. The price briefly reached around $664 during a breakout attempt, but closed within a tight range. Analysts noted significant whale interest, creating an optimistic outlook for future movements.
LINK, ALGO, and WIF: Market Trends and Forecasts
Chainlink (LINK) approached the crucial $14.00 level showing bullish signs; Algorand (ALGO) continued its rebound towards resistance near $0.20; meanwhile, WIF, a popular meme coin, surged by 13%, nearing the $1 mark, indicating potential for further growth.
The trading dynamics on July 9, 2025, highlight active movements in the altcoin market. XRP and BNB strengthened their positions while LINK, ALGO, and WIF showed positive signs, indicating potential breakout opportunities ahead.
