With Bitcoin's price dropping to around $99,000, the cryptocurrency market remains under pressure. Investors are turning to altcoins that could present better investment options during this current instability.
XRP: Potential Recovery
XRP is currently trading at $2.02, down 2.3% in the past 24 hours. Despite the bearish trend, hopes for this asset's rebound in July persist, with prices expected to fluctuate between $1.91 and $2.22. Although XRP dropped over 12% this month, a 10% rise is anticipated next month.
Stellar: Signs of Recovery
Stellar is trading at $0.2303, down 2.6%. The asset fell nearly 20% in June. However, July appears promising, and it may see prices rise to $0.26–$0.28, representing a 23% gain from current levels. Key support levels and the formation of a bullish pattern could lead to higher targets at $0.46, $0.56, and $0.67.
Promising Altcoins: From Dogecoin to Cardano
Dogecoin, currently priced at $0.1523 and down 1.3% in the past day, also experienced a more than 33% drop in June. It is expected to rebound to around $0.17 in July. Cardano, currently at $0.5463, shows an RSI of 23, signaling a possible growth opportunity. With market conditions improving, Cardano might rise to $1.43.
Given the current instability in the cryptocurrency market, the analysis indicates that some altcoins hold potential for recovery. Investors should closely monitor the situation and seek opportunities to diversify their portfolios.
