Solana ($SOL ) Price Analysis 🤾🔥

On December 13, Solana rebounded off the 20-day EMA ($66) and surpassed the resistance at $78 on December 15.

If buyers maintain the breakout, the SOL/USDT pair could reach the psychological level of $100.

While the upsloping moving averages favor the bulls, caution is warranted due to negative divergence on the RSI, suggesting potential weakening of bullish momentum.

Crucial support on the downside is the 20-day EMA.

A close below the 20-day EMA may trigger stops for short-term traders, possibly leading to a pullback to the 50-day SMA ($55).

~$SOL analysis from CoinTelegraph

🌴Today, Solana (SOL) is valued at $73.33, with a 0.40% increase in the last 24 hours and a slight -0.40% decline over the past 7 days.

🌴To purchase Solana, trade SOL tokens on centralized exchanges like Binance, popular for SOL/USDT with a trading volume of $371,382,586 in the last 24 hours. Other options include MEXC and Kraken.

🌴Solana's trading volume is $1,668,748,196 in the past 24 hours, marking a -40.70% decrease, indicating reduced market activity.

🌴Solana's highest price was $259.96 on Nov 06, 2021, -71.80% lower now. The lowest recorded price was $0.500801 on May 11, 2020, with the current price standing at about 14,548.60% higher.

🌴Solana's market capitalization is $31,382,822,405, ranking it #6 on CoinGecko today.

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XRP's Hot New Rival: XAH Token Soars 441%, Outshining Original

XAH token of XRPL's Layer-2 Xahau skyrocketed by astounding 441%, outshining its predecessor XRP and leaving community buzzing.

In a surprising turn of events, XRPL is witnessing an unprecedented surge in the price of Xahau's native token, XAH, stealing the spotlight from the more established XRP.

XAH, initially touted as the "modernized XRP" and known by the working name "XRP+," was designed to incentivize early adopters on the Xahau network. Based on a fork of the open-source XRP Ledger codebase, the network and token were introduced earlier this year with the ambitious goal of revolutionizing smart contracts within the XRPL ecosystem.

According to data from Bitrue exchange, the price of XAH has experienced an astonishing 450% surge in the last 12 hours alone, reaching an impressive $0.65 per token. 

This remarkable performance comes after a roller coaster ride since its listing in early November, where the token saw a 70% drop, followed by an extraordinary 630% gain, an 83% decline and now a new surge defying expectations.

As of now, XAH boasts a market capitalization of around $360 million, a remarkable feat for a relatively new and uncharted asset. With a self-reported circulating supply of 600 million XAH, the token's rapid ascent has caught the attention of the XRP community, prompting speculation about the forces behind these market dynamics.

Whether this rally signifies the beginning of a sustained uptrend or it is just a fleeting impulse will likely remain a mystery, leaving traders and enthusiasts eagerly awaiting the next chapter of XAH's price chart.
#XAH #XRPSurge #XRPUpdate #XRPPriceTarget #CryptoScoop
$XRP $SOL $BTC