Bitcoin, Ethereum, and Ripple Price Predictions in July 2020

We will be assessing some of the past price trends and market opinions so that we can issue a price prediction for Bitcoin, Ethereum, and Ripple in July 2020.

Bitcoin Price Prediction: Analysis

BTC started June at $9.463,61 and managed in the next couple of days to pass the $10,000 resistance mark. The coin then fell back down to $9,500 and continued to slowly climb back through the first week of the month to $9,900, but BTC swiftly fell down to $9,300 that same day.

Since June 11^th, BTC is trading mostly around $9,400- $9,500, showing that the pattern is going through a sideways consolidation.

Bitcoin price has managed to keep itself above the $9,000 for the past seven days. The resistance seems to be set at $9,600, making $10,000 highly unlikely. On June 15^th, Bitcoin went below $9,000, testing the price of $8,900. The recovery did place BTC above $9,000, but the rally lacked the momentum needed to surpass $9,600.

Support has been set at $9,300, with $9,500 is showing bearish congestion. BTC/USD is currently trading above $9,100, at $9,189.43, with a decrease of -4.66% in the last 24 hours.

Bitcoin Market Predictions

Tradingbeasts

Tradingbeasts projects that BTC will start July at $8,360.412, with the maximum possible price of $10,446.850 and a minimum value of $7,103.858. The site calculated that Bitcoin will have a closing price of $8,357.480, with a change of -11.41%.

Longforecast

Longforecast’s Bitcoin price prediction for July 1st is $9383. The maximum estimated price is $10,183, while the minimum value is projected at $7,979. The month’s average was forecasted at $9,238. They also projected that Bitcoin will close the month at $9,408, signifying an increase for July of 0.3%.

Digitalcoinprice

Digitalcoinprice foresaw that Bitcoin will hit $22,517.59 in July, which would mean a change of 137.86%.

30rates

30rates made predictions for every day of July (except weekends), with the minimum, maximum, and closing prices for each individual day.

Gov.Capital

Gov.Capital issues predictions for all the days in July, along with the least and best possible prices for each day.

Ethereum Price Prediction: Analysis

Ethereum started June at around $230, touching $252,22 the second day, but failed to maintain these gains and reverted back to the same levels. The rest of the week, ETH traded around $230 and a little over $240 until June 11^th, when the coin reached a high of $249,89. That same day, ETH lost these gains and plummeted below the support line of $230. The altcoin bounced back to $230, reaching $239,35, but failed to surpass $240.

On June 15^th, ETH plunged to $221,24, with a minor rebound to $229. The past week has seen ETH consolidating between $229 and just above $230, testing the $235 resistance level. Today, June 25^th, ETH is trading at $232.91, with an increase of 3%. The next resistance is set at $240, with high chances to have a bull run in the mid-term.

Ethereum Market Predictions

Tradingbeasts

The site projected that the starting price of Ethereum for July will be set at $196.014. The website expects ETH to have a maximum price of $243.202 and a minimum of $165.378. The closing price for the month was calculated at $194.562, with a change of -14.99%.

Longforecast

Longforecast’s Ethereum price prediction for the start of July is $225. The expected max price is $266, while the min is $195. The month’s average price was estimated at around $227. The closing price for Ethereum is expected to be around $221, with a change of -1.8%.

Digitalcoinprice

Digitalcoinprice forecasted that Ethereum will be changing hands at $423.79, change for July 78.25%.

30rates

30rates made a price prediction for every day of July (except weekends), with the minimum, maximum, and closing prices for each individual day.

Gov.Capital

Gov.Capital issues predictions for all the days in July, along with the least and best possible prices for each day.

Ripple Price Prediction: Analysis

XRP debuted at $0.20 in June and remained around this level for most of the month until June 10^th. On June 11^th, Ripple dipped to $0,189520 and closed the day at $0.19. Until June 17^th, XRP traded mostly above $0.19 but failed to surpass $0.197.

This past weekend, ripple price continued its decline below the $0.1920 level against the US Dollar. The XRP/USD pair went below the $0.1900 support level and tested the $0.1840 support zone with a low set at the $0.1850 level. The price is currently consolidating gains above $0.1850.

Currently, the price of XRP is $0.182224, with a decline of -3.74% in the last 24 hours.

The initial resistance is around the $0.1882 level with a crucial bearish trend line forming with resistance near $0.1900. The next resistance is around the $0.1920 level.

If the bulls get past the $0.1920 resistance, the price could reach the $0.1950 resistance, with the bulls aiming for the $0.2000 level.

Ripple Market Predictions

Longforecast

Longforecast foretold that XRP would begin the month at 0.19 Dollars. They also anticipated that the maximum price would be around $0.20 and the minimum at $0.16. The expected month average was calculated at $0.19. The site estimates that XRP will close the month at a price of $0.19, change for July -0.0%.

Tradingbeasts

The XRP price is expected to reach $0.2386730 by the start of July 2020. The expected max price was calculated at around $0.2964614, while the minimum was set at $0.2015937. The XRP price prediction for the end of July is $0.2371691, which marks an increase of 25.72%.

Digitalcoinprice

Digitalcoinprice’s XRP price prediction is $0.39382563 for July, which means an increase of 110.83%.

30rates

30rates made predictions for every day of July (except weekends), with the minimum, maximum, and closing prices for each individual day.

Gov.Capital issues predictions for all the days in July, along with the least and best possible prices for each day.

Conclusion

These have been our July price predictions for Bitcoin, Ethereum, and Ripple. We hope that the information we have provided will be of help in your future trading operations.

Featured image: medium.com