Altcoin Surge Accelerates as XRP Eyes Breakout vs BTC; Ether and Solana Extend Gains While Bitcoin Stalls
XRP Poised for Breakout Against Bitcoin
XRP has rallied more than 60% in July, reaching record highs above $3.50. Yet, its momentum against Bitcoin (BTC) may only be beginning. The XRP/BTC pair on Binance is approaching the upper boundary of a multi-year consolidation range that began in early 2021.
Sideways trading zones like these often precede large breakout moves, especially when they span years. A confirmed breakout would likely mark the start of significant outperformance by XRP relative to BTC.
Adding to the bullish outlook, the Guppy Multiple Moving Average indicator has flipped positive for the first time since 2018—signaling trend acceleration as short-term EMAs rise above longer-term ones.
XRP/USD: Bullish Retest and Golden Cross
XRP has also held its breakout on the USD pair, bouncing cleanly off the prior resistance at $3.39 in a textbook retest. Technical momentum is building, underscored by a golden cross—where the 50-day moving average has crossed above the 200-day SMA.
Immediate resistance lies at $3.66, followed by $4.00. A break below $3.35 would increase downside risk and signal a possible loss of momentum.
Analyst Note: XRP/BTC is at the edge of a four-year consolidation. Traders may wait for confirmation—like a daily or weekly close above resistance with strong volume—before fully committing.
Key Levels – XRP
- Resistance: $3.66, $4.00
- Support: $3.35, $3.00, $2.65
Ether’s Momentum Strengthens as Mayer Multiple Surges
Ethereum (ETH) continues its climb, with the Mayer Multiple—an indicator tracking the ratio of price to the 200-day moving average—reaching its highest reading since March 2024. The 50-day SMA is also trending higher, and the 100-day is nearing a bullish crossover with the 200-day.
Resistance near $4,000 could act as a pause level due to elevated options market gamma exposure. Still, Ethereum remains on track to revisit and possibly surpass its December high of $4,109.
Analyst Note: The rising Mayer Multiple points to increasing momentum, with Ethereum positioned for further upside as long as support holds.
Key Levels – ETH
- Resistance: $4,000, $4,109, $4,382
- Support: $3,480, $3,081, $2,879
Bitcoin Stalls as Moving Averages Flatten
Bitcoin’s recent price action shows little directional conviction. The cryptocurrency is hovering around its 50-, 100-, and 200-hour moving averages, which have all flattened—indicating fading short-term momentum.
Failure to hold $116,539 may open the door to a retest of $111,965. Conversely, a decisive break above $120,000 is needed to regain bullish footing, though that level has repeatedly rejected price advances since mid-July.
Analyst Note: BTC appears trapped in a neutral consolidation zone. A breakout above or below the tight SMA cluster will likely dictate the next move.
Key Levels – BTC
- Resistance: $120,000, $123,181
- Support: $116,539, $115,739, $111,965
Solana Breaks Out as Technicals Stay Strong
Solana (SOL) has cleared the critical resistance level around $185, backed by expanding MACD bars and an RSI above 70—both indicators of strong bullish momentum. The Mayer Multiple is now at its highest level since January, suggesting continued strength.
Still, a move back below $177 would raise the risk of a pullback to $168 or lower.
Analyst Note: While SOL appears extended in the short term, momentum remains on the bulls’ side as long as price holds above $177.
Key Levels – SOL
- Resistance: $200, $218, $252–$264
- Support: $185, $168, $157
