Bitcoin (BTC) price prediction: Will the coin's upside prevail despite struggling to break above $105k?

The crypto market bellwether has been on a strong momentum in recent weeks, and its upside will likely prevail as long as it holds above the psychological $100k mark.

Table of Contents:

* Bitcoin

* XRP

* Solana

Bitcoin price has strong momentum and its upside will likely prevail as long as it holds above the psychological $100k mark. However, the coin struggled to break above $105k, despite which the underlying momentum on Bitcoin is still bullish. The coin’s RSI on the daily chart is at 62, affirming control by the buyers. In addition, the spot Bitcoin ETF has been putting on a strong show, gaining in each of the last three trading sessions.

Bitcoin price pivots at $103,210 and the upside will prevail if action stays above that level. Otherwise, breaking that level will shift the momentum to the downside, paving the way for a retest of $101,325 support.

On the other hand, initial resistance is likely to be at $104,800. Breaking above that level could clear the path for a test of $105,800.

On the other hand, the first support is at $102,370, breaking which will invalidate the upside narrative. The second support is likely to be at $101,325.

XRP price looks primed to continue rising in the near-term as it continues to hold an underlying FOMO sentiment due to its potentially disruptive utility in financial settlements. In addition, there’s the impending settlement of the SEC vs Ripple case, which suffered a temporary setback after Judge Analisa Torres last week denied a joint motion for dismissal due to a technicality.

Moreover, there remains the pending approval of an XRP spot ETF, which will likely happen in the third quarter, according to multiple sources. That also supplies a bullish undercurrent to incentivize investors to buy or hold their XRP. Finally, CME’s XRP Futures are now available for trading, creating another key avenue for institutional adoption of the coin.

XRP price pivot mark is at $2.44. The upside will prevail if action stays above that level. Conversely, breaking that level will shift the momentum to the downside.

The first resistance level is at $2.36, and the second one is at $2.44. On the other hand, the first support is at $2.24, breaking which will invalidate the upside narrative. The second support level is likely to be at $2.18.

Solana price has declined in recent days and trades at $163 by 08:00 ET (12:00 GMT). Still, the recent uptick in meme coin momentum provides a potential path to a reversal. The Solana ecosystem is home to multiple top meme coins like Shiba Inu, DogWifHat, $TRUMP, $BONK, $PNUT among others. Therefore, these will likely provide traction for a potential reversal if SOL price holds above the psychological $160 support.

Solana price pivots at $162 and the upside will prevail if action stays above that level. Otherwise, breaking that level will shift the momentum to the downside.

The primary resistance level is at $165, and the secondary resistance is likely at $167. On the other hand, the initial support is likely to be at $160. Breaking that level will invalidate the upside narrative. The second support level is likely to be at $158.