🔥🔥🔥 $XRP Starts Moving Earlier, Solana ($SOL ) Already Stronger Than Everyone Else; Does Ethereum ($ETH ) Need More Fuel?
XRP has initiated a market shift earlier than expected, breaking from recent sideways trading. Currently testing a crucial support level at $0.50, a sustained move below this could signal further bearish momentum towards the next support at $0.47. If XRP stabilizes and bounces back, it may face resistance near $0.54 and $0.56, marked by the 50-day and 100-day moving averages, respectively. Breaking the downward trendline since November is crucial for a confirmed reversal.
#solana SOL) stands out as a top performer among the top 10 #cryptocurrencies , showing a strong recovery. Trading around $90, SOL rebounded from the $78.35 support, backed by the 100-day Exponential Moving Average (EMA). Creating higher lows indicates robust buying interest. Resistance at the $100 psychological level could propel SOL to the next barrier at $110, supported by renewed risk appetite in the market.
#Ethereum (ETH) faces challenges, hovering around $2,200 with indecisive investor sentiment. The $2,200 level acts as temporary support, but the lack of bullish conviction raises concerns about its sustainability. Resistance at $2,400 has been firm, with recent selling pressure, partly attributed to Celsius Network's liquidation of approximately $1 billion in ETH. A breach of $2,000 could lead to a decline towards $1,950, while overcoming resistance may open paths to $2,500 and $2,600.
Please note that the information provided is for educational and informational purposes only and should not be considered financial advice.
Source - u.today
