Is XRP in 'Crab Market'? Solana Reaches Major Resistance Level Before $200, Ethereum Really Needs This Price LevelDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
For XRP to break out of this stagnation, it would need a significant catalyst, either from a fundamental development in the cryptocurrency market or a strong technical breakout above the resistance levels.has finally reached a crucial resistance level, which is possibly the last threshold it will have to break in order to come closer to the long-desired $200 mark. However, it is not yet obvious if Solana will be able to break through.
As for the RSI, it is approaching the overbought territory. While this indicates strong bullish momentum, it also suggests that the asset might be due for a short-term correction or consolidation before attempting another upward move. If the RSI can remain above the midline after a potential pullback, it would signal sustained bullish momentum.has faced significant resistance around the $175-$180 range. Breaking this level would be a major milestone and could open the path to $200.
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Source: FXStreetNews - 🏆 14. / 72 Read more »