{"id":38345,"date":"2025-07-23T12:16:57","date_gmt":"2025-07-23T12:16:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38345"},"modified":"2025-07-23T12:16:57","modified_gmt":"2025-07-23T12:16:57","slug":"xrps-july-uptrend-threatened-as-bitcoins-120k-price-resistance-holds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38345","title":{"rendered":"XRP&#8217;s July Uptrend Threatened as Bitcoin&#8217;s $120K Price Resistance Holds"},"content":{"rendered":"<div>\n<p><strong><em>This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.<\/em><\/strong><\/p>\n<h2>Bitcoin: Rangeplay continues with MACD teasing bearish flip<\/h2>\n<p>Bitcoin (BTC) hit a record high above $123,000 on July 14, before entering a period of consolidation. Prices have since been range-bound between resistance at $120,000 and support at $116,000, with bulls once again failing to establish a foothold above the former in the past 24 hours. <\/p>\n<p>This choppy trading, along with the flattening of the intraday moving averages and the daily MACD histogram hinting at a bearish shift, has increased the risk of a pullback. Still, the uptrend line from the June lows remains intact, keeping hopes alive for a bullish resolution that could lead to new record highs.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/e9462cbad9b4e20b2add9d5ba3976c474282844d-2854x1292.png?auto=format\" alt=\"BTC's daily chart. (TradingView)\" title=\"BTC's daily chart. (TradingView)\"><\/p>\n<ul>\n<li><strong>AI&#8217;s take: <\/strong>Bitcoin is showing weakening momentum as it consolidates below the $120,000 resistance, with the MACD histogram hinting at a potential bearish shift.<\/li>\n<li><strong>Resistance: <\/strong>$120,000, $123,181. <\/li>\n<li><strong>Support: <\/strong>$116,000, $115,739, $111,965.<\/li>\n<\/ul>\n<h2>XRP: July bullish trend threatened<\/h2>\n<p>Like BTC, XRP (XRP) has lacked clear directionality lately, trading choppy between $3.35 and $3.65. What has changed in the past 24 hours is that the trendline representing the price rise from $2.2 to record highs has been breached, strengthening the case for a bearish resolution of the recent range play. <\/p>\n<p>Further, the spread between Bollinger bands has widened to levels that presaged the December correction. Bollinger bands are volatility bands placed two standard deviations above and below the asset&#8217;s 20-day simple moving average. <\/p>\n<p>In case the lower end of the recent range fails to hold, there would be a risk of an extended down move.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/a23812a0d14ab027f5c2786aef18b53a782fcdd1-2860x1292.png?auto=format\" alt=\"XRP. (TradingView)\" title=\"XRP. (TradingView)\"><\/p>\n<ul>\n<li><strong>AI&#8217;s take: <\/strong>While the Bollinger Band spread at a multi-year high points to extreme volatility and a coming breather, the breach of the uptrend line warrants caution for bulls.<\/li>\n<li><strong>Resistance:<\/strong> $3.65, $4<\/li>\n<li><strong>Support:<\/strong> $3.35, $3, $2.65.<\/li>\n<\/ul>\n<h2>Ether: Consolidation likely as Bollinger Bands widen<\/h2>\n<p>Ether&#8217;s (ETH) sharp ascent from its June lows near $2,200 has paused this week, with prices pulling back to $3,600 from a high of $3,850. A short-term consolidation in a broad range looks likely, as the daily chart&#8217;s Bollinger Bands have widened to their highest level since April-May 2021. <\/p>\n<p>This widening is a classic technical signal that the market has experienced a period of extreme volatility and strong directional movement, suggesting it may now be due for a period of ranging or a &#8220;breather&#8221; before its next major move. This view is supported by the 14-day relative strength index, which has topped in the so-called overbought or above-70 zone.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/df8c7a6164587e02186eabb8912ac05654cf91cc-2854x1292.png?auto=format\" alt=\"ETH. (TradingView)\" title=\"ETH. (TradingView)\"><\/p>\n<ul>\n<li><strong>AI&#8217;s take: <\/strong>Ether&#8217;s rally has pushed its RSI above 70 and widened its Bollinger bands to their highest level since 2021, both signaling an extremely overbought market.<\/li>\n<li><strong>Resistance:<\/strong>$4,000, $4,109<strong>,<\/strong> $4,382.<\/li>\n<li><strong>Support:<\/strong> $3,480, $3,081, $2,879.<\/li>\n<\/ul>\n<h2>SOL: Looks north<\/h2>\n<p>Solana&#8217;s SOL (SOL) has pulled back to under $200 as of writing. Still, the bull case remains intact, as suggested by the upward-sloping intraday and daily chart moving averages. <\/p>\n<p>The Bollinger Bands have widened to their highest level since the first quarter, ending a prolonged low-volatility coil to suggest bullish directionality. Additionally, the 50-day simple moving average (SMA) appears on track to move above the 200-day SMA in what&#8217;s known as the bullish golden cross. <\/p>\n<p>All of this suggests that SOL could tap the upper end of the rising channel with a potential move to $215 and higher.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/b52a55a0be7f3653167413d05eb576a2dec7c8b9-2854x1292.png?auto=format\" alt=\"SOL. (TradingView)\" title=\"SOL. (TradingView)\"><\/p>\n<ul>\n<li><strong>AI&#8217;s take<\/strong>: The price action is contained within a well-defined ascending channel, demonstrating that the rally from the April lows is a strong and consistent uptrend. The recent breakout to the upper half of this channel further reinforces the bullish momentum.<\/li>\n<li><strong>Resistance<\/strong>: $218, $252-$264.<\/li>\n<li><strong>Support<\/strong>: $187-$185, $163 (the 50-day SMA), $145.<\/li>\n<\/ul>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/23\/disguised-unemployment-in-blockchain-data-shows-only-12-of-ethereum-25-of-solana-protocols-have-revenue\">Disguised Unemployment in Blockchain? Data Shows Only 12% of Ethereum, 25% of Solana Protocols Have Revenue<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Rangeplay continues with MACD teasing bearish flip Bitcoin (BTC) hit a record high above $123,000 on July 14, before entering a period of consolidation. Prices have since been range-bound between resistance at $120,000 and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38345","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38345"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38345\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}