XRP Loses Key Support, Future Trend Uncertain!

The current price of XRP is $2.18, officially breaking below the 50-day Exponential Moving Average (EMA) support, indicating a potential significant shift in market momentum. If it cannot rebound quickly, XRP may retest the 200-day EMA, with the current support level around $1.99 to $2.00. This technical change has led to a prevailing bearish sentiment in the short term, and if it breaks below the 50-day EMA, the target price may further fall to around $1.74.

However, it is not entirely negative; if XRP can break above $2.18 and consolidate, it may challenge $2.40 or even higher, leading to a rebound. The RSI index hovers around a neutral 50, indicating that the market is in a state of hesitation, with low trading volume and a lack of sufficient momentum to drive a bullish market.

Shiba Inu (SHIB) Faces Key Test Amid Weak Rebound

Although the overall market sentiment is weak, SHIB has rebounded near the 50-day EMA, currently priced slightly above the support level of $0.00001295, indicating some resilience in a sluggish market. If it can break above the downward trend line (in the range of $0.00001350 to $0.00001400), it may challenge $0.00001623, but if it fails to break through, it may again retreat to the support level.

Solana (SOL) Shows Rebound Potential, Expected to Break Through $180 in the Future

Solana (SOL) is currently priced around $144, and although there has been some recent pullback, its overall trend remains bullish. If it breaks through the key resistance of $151, SOL may retest the $180 high. However, trading volume must accompany the breakout to avoid a false breakout. If the price falls below the support level of $133, it could lead to the failure of the bullish pattern.

The current market sentiment is relatively cautious, but Solana has the potential to gain an advantage in a corrective rebound, especially with its ecosystem's benefits of low transaction fees and high throughput.