BTC Struggles at Major Fibonacci Resistance Around $122K; XRP Holds Ground at $3 -

Bitcoin Eyes Breakout as Golden Ratio Resistance Nears

Bitcoin (BTC) remains rangebound between $116,000 and $120,000, with technical charts pointing to $122,056 — the 1.618 Fibonacci extension — as a pivotal resistance level. This extension, derived from major cyclical lows (Dec. 2018 and Dec. 2022) and the 2021 peak, is associated with the “golden ratio,” a widely watched threshold across markets.

A breakout above $122K would suggest bullish momentum is strong enough to absorb profit-taking and renewed selling pressure, potentially setting the stage for the next upside target at $187,929 — the 2.618 Fibonacci extension. On the flip side, continued rejection at this level could mark a local top and embolden bearish positioning.

BTC Technical Levels

Resistance: $120,000, $122,056, $123,181
Support: $116,000, $114,700, $111,965

XRP Builds Base at $2.995, Double Bottom Pattern in Play

XRP has held firm above the $2.995 mark — the 38.2% Fibonacci retracement of its June–July rally — with the price forming a potential double bottom. The neckline for this bullish reversal pattern lies at $3.33, the July 28 swing high.

A confirmed breakout above $3.33 would open the door to a retest of $3.65. However, short-term indicators remain mixed: the daily MACD remains negative, and hourly moving averages are trending downward. A break below $2.995 would invalidate the bullish setup and likely lead to deeper losses.

XRP Technical Levels

Resistance: $3.33, $3.65, $4.00
Support: $2.995, $2.65, $2.58

Ether Shows Weakness as Momentum Indicators Turn Bearish

Ether (ETH) is trading within a narrowing wedge, signaling indecision and potential for a trend shift. The MACD histogram has flipped negative on the daily chart, and the 50-, 100-, and 200-hour SMAs have flattened — all pointing to fading upward momentum.

A breakdown below $3,510 would confirm a short-term reversal and shift focus to $3,000. On the upside, ETH must break decisively above the $4,000–$4,100 resistance zone, which has capped multiple rallies since 2024, to reignite bullish sentiment.

ETH Technical Levels

Resistance: $3,941, $4,000, $4,100
Support: $3,510, $3,000, $2,879

Solana Risks Breakdown as Bullish Channel Weakens

Solana (SOL) is showing signs of weakening as it approaches the lower boundary of its rising price channel that began in late June. A breakdown here would suggest trend exhaustion, exposing SOL to a retest of the major daily SMAs (50-, 100-, and 200-day) clustered between $160 and $162.

To reassert bullish control, buyers must push the price above $195, the July 28 lower high. Failure to do so could accelerate declines toward deeper retracement levels.

SOL Technical Levels