Activity Brief:
XRP:
The market has shifted focus to XRP, with a lack of bullish momentum due to a failed mini-golden cross attempt by the 50-day EMA crossing above the 100-day EMA. The price is currently trading near $2.28, which is just below the crucial 100-day EMA that has previously acted as both support and resistance. As a result, the price appears to be in a descending wedge pattern, and XRP remains open but open to further declines.
Ethereum’s Probability:
Ether has shown signs of a double top, with its price testing recent highs but failing to break out decisively. The price has retreated to around $2.475, critiquing the 200-day EMA at $2.400, which could indicate a sell-off. Riohanna suggested that Ethereum has not yet established a bearish trend and faces potential selling pressure, as volume has decreased since its initial breakout.
This behavior, combined with the RSI hovering around 58.9, points to selling activity and bearish energy, particularly if the $2.400-$2.450 range is breached.
Solana’s Potential:
Solana has shown signs of a potential significant rise, with its price currently hovering around the $170-$175 range. The 50-day, 100-day, and 200-day EMAs are close to each other, suggesting a divergence that could signal a shift in momentum.
Solana is positioned for a big surge, as it is currently trading near technical support levels, particularly the $165 and $150 areas. The 50-day EMA has been converging on the price action, signals pointing to a potential upward trend.
Volume has stabilized, but it has recently restarted trading, indicating that traders are not abandonzing XRP or waiting for抛售 signals. If the $165 and $150 price levels are breached, the next step for Solana could be a pivot point or a不知不won upward move.
Conclusion:
For traders, the near-terminal decline of XRP and the ongoing uncertainty surrounding Ethereum and Solana highlight the need to watch out for support price levels and significant volume developments. If support is breached or a trigger signal appears quickly, traders should monitor these areas before assuming a new trend.
