The US markets have begun a holiday break lasting until Monday, leaving the cryptocurrency space relatively quiet. As a result, trading volumes are expected to decline. Earlier this week, the holiday's impact became increasingly noticeable. The intensity of news flow may lead to volatility similar to recent fluctuations.
AVAX and ETH Price Predictions
Volatility favors short-term investors, and more of it is likely in the coming hours. News from EU meetings over the weekend could trigger significant market movements. Key factors include:
- Trade agreement discussions have started.
- Strong US employment data balances recession concerns.
- Expectations for a July rate cut have diminished sharply.
- A September rate cut remains possible but depends on trade tariff updates.
Developments appear favorable for cryptocurrencies, reducing uncertainty and boosting market engagement. The passing of Trump’s tax law in the House has also fueled optimism about potential crypto legislation, improving sentiment for August.
AVAX Price Outlook
- Current price: Above $18.5
- Upside target: $23.8 (if EU agreement yields positive outcomes).
- Key resistance: $19.45 (holiday rally could heighten investor interest).
- Downside risks: $17** and **$15.6.
ETH Price Outlook
- Trading range: $2,480–$2,700.
- Breakout level: $2,750.
- Critical resistance: $2,673 (weekend peak depends on this).
- Liquidation zones: $2,870** and **$3,055.
- Support concern: Below $2,400.
BNB and XRP Coin Outlook
BNB Analysis
- Current range: $600–$660.
- Upside targets: $693** and **$730 (holiday period momentum).
- Decisive level: Closures above $670.
XRP Coin Developments
- Positive news: Appeal withdrawn, Ripple’s banking license application.
- RLUSD growth and XRPL ecosystem expansion support bullish momentum.
Targets:
- Short-term: $2.6.
- Key range: $2.87–$2.98 (if sustained).
- Downside risks: $2.2**, **$2.07, and $1.98.
FAQs
Q: How does the US holiday affect crypto markets?
A: Reduced trading volumes and heightened news-driven volatility are typical.
Q: What’s driving optimism for crypto in August?
A: Potential legislative progress and favorable macroeconomic trends.
Q: Are ETH’s liquidation levels reliable indicators?
A: Yes, but monitor broader market reactions to resistance tests.