Altcoins on Divergent Paths: XRP Nears Breakout Level, Solana Holds Key Support, Shiba Inu Flashes Bearish Warnings
- XRP consolidates, targeting a $2.92 breakout; mixed indicators show seller influence.
- Solana holds its 50-week EMA (historically bullish) but faces a $180 resistance test.
- Shiba Inu is bearish: burn rate collapse, weekly bear flag, targets $0.0000050.
As the crypto market stagnates with Bitcoin (BTC) at $105K, top altcoins like XRP, Solana (SOL), and Shiba Inu (SHIB) are showing sharply divergent technical setups, ranging from potential breakout signals to issuing bearish warnings.
Here’s a closer look at their positioning and what technical indicators suggest might lie ahead.
XRP Eyes Breakout, But Bears Still Present
XRP is currently trading at $2.18, down nearly 3% in the last 24 hours, as it continues to consolidate within a defined ascending channel. The lower trendline is holding firm as support, but the upper resistance at $2.92 remains the key level to watch.
A breakout above this line could unlock a fresh bullish phase—possibly even setting the stage for new all-time highs (ATHs).
Despite this potential, momentum indicators are currently flashing mixed signals for XRP. The Relative Strength Index (RSI) sits at …
The post Altcoins on Divergent Paths: XRP Nears Breakout Level, Solana Holds Key Support, Shiba Inu Flashes Bearish Warnings appeared first on Coin Edition.
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Altcoins on Divergent Paths: XRP Nears Breakout Level, Solana Holds Key Support, Shiba Inu Flashes Bearish Warnings
- XRP consolidates, targeting a $2.92 breakout; mixed indicators show seller influence.
- Solana holds its 50-week EMA (historically bullish) but faces a $180 resistance test.
- Shiba Inu is bearish: burn rate collapse, weekly bear flag, targets $0.0000050.
As the crypto market stagnates with Bitcoin (BTC) at $105K, top altcoins like XRP, Solana (SOL), and Shiba Inu (SHIB) are showing sharply divergent technical setups, ranging from potential breakout signals to issuing bearish warnings.
Here’s a closer look at their positioning and what technical indicators suggest might lie ahead.
XRP Eyes Breakout, But Bears Still Present
XRP is currently trading at $2.18, down nearly 3% in the last 24 hours, as it continues to consolidate within a defined ascending channel. The lower trendline is holding firm as support, but the upper resistance at $2.92 remains the key level to watch.
A breakout above this line could unlock a fresh bullish phase—possibly even setting the stage for new all-time highs (ATHs).
Despite this potential, momentum indicators are currently flashing mixed signals for XRP. The Relative Strength Index (RSI) sits at …
The post Altcoins on Divergent Paths: XRP Nears Breakout Level, Solana Holds Key Support, Shiba Inu Flashes Bearish Warnings appeared first on Coin Edition.
Читать больше