XRP’s Bullish Trend Wavers as Bitcoin Hits Strong Resistance at $120K

XRP Loses Momentum as Bitcoin Faces Resistance, Ether and Solana Diverge in Direction

Bitcoin (BTC): Bearish Momentum Builds Below $120K

Bitcoin is showing signs of fatigue after failing to break above the $120,000 resistance for the second consecutive day. Following its record high of $123,181 on July 14, BTC has settled into a tight consolidation range between $116,000 and $120,000.

The daily MACD histogram is now tilting bearish, and intraday moving averages have flattened, hinting at weakening upside momentum. While the ascending trendline from June remains intact, its ability to hold will be crucial in preventing a deeper retracement.

• AI Outlook: Waning momentum below key resistance levels and bearish MACD signals increase the risk of a downside move.
• Key Levels: Resistance at $120,000 and $123,181; support at $116,000, $115,739, and $111,965.

XRP (XRP): Uptrend Break Signals Caution

XRP has broken below its July uptrend line, weakening its technical structure. The asset has traded range-bound between $3.35 and $3.65 recently, but the breach of its rising trendline from $2.20 to all-time highs suggests the bullish structure is under threat.

Notably, the Bollinger Band width has expanded to levels not seen since December, often a precursor to elevated volatility and potential reversals. If XRP fails to hold support near the lower end of its range, further losses could materialize.

• AI Outlook: The broken uptrend and high volatility point to potential downside pressure.
• Key Levels: Resistance at $3.65 and $4.00; support at $3.35, $3.00, and $2.65.

Ether (ETH): Technical Indicators Point to Near-Term Pause

Ether’s rally from June lows near $2,200 has paused, with the price retracing to $3,600 after hitting $3,850. The widening of Bollinger Bands—now at their highest since April 2021—suggests the market has entered a high-volatility phase, often followed by sideways consolidation.

The 14-day RSI is also in overbought territory, reinforcing the likelihood of a cooling-off period before any renewed breakout attempts.

• AI Outlook: ETH is highly overbought and may consolidate before attempting a fresh leg higher.
• Key Levels: Resistance at $4,000, $4,109, and $4,382; support at $3,480, $3,081, and $2,879.

Solana (SOL): Bullish Momentum Intact Despite Pullback

Solana has dipped below $200, but its technical setup remains bullish. Intraday and daily moving averages continue to rise, and a potential golden cross—where the 50-day SMA overtakes the 200-day—could reinforce upward momentum.

Widening Bollinger Bands suggest a breakout from low-volatility conditions, and the asset remains within a strong ascending channel. A retest of the upper boundary near $215 or higher remains likely if support holds.

• AI Outlook: A well-defined rising channel and technical breakout suggest continued strength.
• Key Levels: Resistance at $218 and $252–$264; support at $187–$185, $163 (50-day SMA), and $145.