Top Altcoins to Watch in July: Ripple (XRP), LTC & BNB Prices Set to Soar

• July stands as a significant month for the crypto market and altcoins, with the resolution of numerous lawsuits on the horizon.
• Investors are focusing on altcoins such as Ripple (XRP), Litecoin (LTC), and Binance Coin (BNB) in hopes of elevating their portfolios.
• XRP, LTC, and BNB prices are expected to be volatile due to upcoming events such as Ripple’s judgment, Litecoin’s halving event, and Binance’s legal proceedings.

Altcoins Set to Capture Investors Attention in July

The second half of 2023 has seen a resurgence in the cryptocurrency market which is currently highly volatile due to ongoing legal disputes and economic turmoil. Despite Bitcoin and Ethereum trading within a narrow range near pivotal levels, investors have shifted their focus towards altcoins in hopes of elevating their portfolios. July stands out as an important month for the crypto market with various events set to take place.

Ripple Price Analysis

The price of Ripple (XRP) has seen much activity in the last 24 hours with a surge reaching up to $0.496 followed by a dip back down to its initial support level at $0.48. As of writing, XRP trades at $0.482 – increasing 2.6% from yesterday’s rate – with robust purchasing evident at lower levels indicated by its elongated tail candlesticks pattern on charting tools like TradingView. If Ripple is favored in its lawsuit outcome then buying pressure will likely increase leading XRP prices rally toward resistance zone $0.52-$0..56 breaching above it could possibly lead prices up to $1 in July . On the other hand short term investors should keep an eye on support level at $0 .45 .

Litecoin Price Analysis

Litecoin (LTC), similar to Bitcoin , underwent its third halving event earlier this year leading its mining rewards cut down from 25 coins per block mined to 12 .5 coins per block mined causing miners revenue stream going through significant transition making them less profitable yet encouraging buy side liquidity . This event also led speculation around potential price movements that would follow this halving hence driving prices up significantly throughout 2020 so far reaching all time highs around $140 back in June before settling around current price area at $78 . A breach above major resistance zone around 100$ will take Litecoin back towards All Time Highs while any move below major support zone around 75$ can drag it back towards previous local lows of 60$.

Binance Coin Price Analysis

Binance Coin (BNB) is performing well since start of 2021 soaring over 400% higher against BTC since January 2021 till date leading many analysts call it “the new king” among alts surpassing even Ethereum which only gained 150% so far while BNB gained nearly 500%. The main reason behind this surge is ongoing development works being done by Binance team across various products including launchpad launches which recently saw some prominent projects launch successfully on platform including PancakeSwap & SafeMoon creating huge demand for BNB token aiding growth further despite ongoing SEC proceedings against binance exchange itself but most investors remain optimistic about outcome given Binance track record when it comes delivering user expectations related features & products across platforms & staying ahead competition so far keeping them ahead game despite ongoing SEC proceedings against them hence no surprise why binance coin continues remain one best performing assets among top 20 cryptocurrencies since start 2021 till date gaining 500+ % compared mere 150% gains etheruem achieved during same period prompting many analysts dubbing it next king among alts .

Conclusion

July offers great opportunities for investors looking into Altcoins especially those focused on Ripple (XRP), Litecoin(LTC), and Binance Coin(BNB). With high volatility expected due the resolution of numerous lawsuits and events such as Litecoin’s Halving Event taking place, these three coins present lucrative entry points for trend-focused traders who are hoping elevate their portfolios with strong returns in the coming months