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XRP vs. SOL: Key Support Levels to Watch Amid Market Volatility

11M ago
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XRP vs. SOL: Key Support Levels to Watch Amid Market Volatility
  • XRP shows resilience amid market volatility, with potential further decline expected between $40.7 and $46.9.
  • Solana has dropped 43.2%, nearing correction’s end; potential buying range is $93 to $107.
  • XRP’s RSI at 37.97 suggests a possible price reversal, while SOL’s RSI at 38.71 indicates continued downward pressure.

The cryptocurrency market has experienced notable volatility, particularly affecting Ripple (XRP) and Solana (SOL). XRP has shown resilience amid broader market turbulence, while Solana has struggled, revealing distinct performance patterns between these two assets. 

As highlighted by Cheeky Crypto, an analytic firm, in a YouTube video Ripple’s XRP has faced significant sell pressure recently, with its price dropping to a low of $43.1 on the one-day Binance chart. Using Fibonacci scales to measure this downturn, experts predict a further decline might be expected, potentially reaching between $40.7 and $46.9. 

Despite these challenges, XRP has shown a remarkable ability to hold its ground relative to Bitcoin and the wider crypto market, which has been experiencing aggressive sell-offs. 

However, the resistance levels on the daily cha…

The post XRP vs. SOL: Key Support Levels to Watch Amid Market Volatility appeared first on Coin Edition.

11M ago
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