At present, Solana is consolidating just under the 78.6% Fibonacci retracement degree at $212, which stays a key hurdle for bulls. A breakout above this degree may affirm the bull flag, triggering additional upside. The 50-week EMA ($155) presents robust help, suggesting that consumers are ready to defend decrease ranges throughout any momentary retracement.
Momentum indicators just like the RSI are barely overheated, hovering close to 70, which can point out a brief interval of consolidation earlier than the subsequent leg up. Nonetheless, the broader construction stays bullish so long as the value stays above the flag’s decrease trendline close to $180.
XRP (XRP) Technical Evaluation
XRP/USD 4-Hour Price Chart Evaluation — Descending Channel Holds Instant Resistance
XRP’s short-term motion stays constrained inside a descending channel on the 4-hour chart.
The higher boundary of this channel aligns with the Fib 0.618 retracement degree close to $2.40, a key space of resistance. A breakout above this degree may set off a short-term rally towards $2.85, comparable to the channel’s measured transfer.
