XRP & SOL Price Forecast: Crypto Market Braces for Volatility - American Wrap June 20

Crypto markets twitch as XRP and SOL face make-or-break momentum.

Will the 'institutional adoption' narrative finally deliver price action—or is this another overhyped dead cat bounce?

Solana bulls eye key resistance while Ripple lawyers battle SEC theatrics. Meanwhile, Bitcoin dominance wobbles as altcoins flirt with breakout territory.

Prediction models split: AI algos see 15% upside, while traditional analysts warn of 'summer liquidity crunch.'

Bonus cynicism: Wall Street still can't decide whether to ban crypto or charge 2% management fees for it.

XRP price downside risks escalate as Ripple urges the UK to advance stablecoin adoption 

Ripple (XRP) has maintained a technical bearish bias, trading at around $2.15 at the time of writing on Thursday. The constrained price action mirrors a lull in sentiment and the lack of conviction in the broader cryptocurrency market to sustain recovery. This lukewarm trading overshadowed key adoption news on the launch of XRP spot Exchange Traded Funds (ETFs) in Canada on Wednesday.  

Solana price slips as Canadian Sol Strategies files with US SEC to list on NASDAQ

Solana (SOL) price upside action stays subdued, leaving the smart contracts token vulnerable to downside risks. SOL is trading at $145 at the time of writing on Thursday, weighed down by elevated risks in the derivatives market. 

Bitcoin Price Forecast: BTC on the verge of a breakdown amid possible US strike on Iran

Bitcoin (BTC) price edges slightly higher, trading near $104,700 at the time of writing on Thursday, after stabilizing above a key level, the 50-day Exponential Moving Average (EMA) at $103,100. A breach below this level could trigger a sharp fall in BTC. The risk aversion could weigh in, as reports say US officials are preparing for a strike on Iran in the coming days. Despite this risk-off sentiment in global markets, institutional demand remained robust, with a positive inflow in US spot bitcoin exchange Traded Funds (ETFs) for the last eight consecutive days.