The cryptocurrency market is facing increased volatility, affecting assets such as XRP, Solana, and Cardano. Experts evaluate the current support and resistance levels of these cryptocurrencies and provide forecasts for the near future.
XRP Prediction: Key Support
XRP is trading at $3.02, having lost over 11% in the past week. Despite initially positive forecasts, the token is approaching a critical support level in the $2.90–$3.00 range. If this level holds, traders expect a bounce toward the $3.40 resistance in early August.
However, a close below $2.90 could open the door to further downside, potentially dragging XRP back toward $2.70. Given its high trading volume of $9.46 billion in the last 24 hours, volatility may remain elevated.
Solana Outlook: Awaiting Reversal Trigger
Solana is hovering at $177.24, down roughly 5.4% in the past 24 hours. Despite the pullback, its weekly performance has been relatively stable at only 0.09% lower over 7 days, suggesting potential accumulation at these levels.
With a market cap near $95.4 billion and strong ecosystem fundamentals, Solana is still considered one of the top Layer 1 contenders. If buyers step in above $175, analysts see upside back to $190 or even $200 in August. But another leg down could test support near $165.
Cardano's Struggles Continue: August Could Be a Turning Point
Cardano (ADA) is currently priced at $0.7821, with losses across all timeframes: down 2.31% in the past hour, 4.49% in 24 hours, and 6.09% over the last 7 days. Sentiment remains weak, but Cardano's daily trading volume of $1.66 billion indicates there’s still significant activity.
If ADA can reclaim $0.80 and close above it, traders could begin targeting the $0.88 resistance in early August. Otherwise, continued selling may push it back to $0.72, with a potential retest of the $0.68 zone if sentiment doesn’t improve.
August may bring heightened volatility for XRP, Solana, and Cardano, especially as macro factors and liquidity trends continue to sway investor sentiment. Technical setups suggest all three coins are sitting near crucial inflection points—what happens next depends largely on whether buyers regain control in the opening days of the month.
