#SOL #XRP #ADA #PhanTichKyThuat
Below is the market update for three cryptocurrencies XRP, Solana (SOL), and Cardano (ADA) on the evening of May 23, 2025, along with the short-term trading strategy:
📈 Market Overview on May 23, 2025
1. XRP (Ripple)
• Current price: $2.44
• 24h volatility: +0.38%
• 24h trading volume: ~$385 million
• Market capitalization: ~$130 billion
XRP continues a slight upward trend, maintaining within a short-term bullish channel. The CME listing of XRP futures has attracted interest from institutional investors, with trading volume reaching $19 million on the first day.
2. Solana (SOL)
• Current price: $179.58
• 24h volatility: +3.23%
• 24h trading volume: ~$3.8 billion
• Market capitalization: ~$77 billion
SOL is trading near the resistance level of $180, with a clear upward trend. The integration of Dogecoin into the Solana ecosystem through Wormhole has boosted interest and trading volume on the network.
3. Cardano (ADA)
• Current price: $0.8078
• 24h volatility: +4.62%
• 24h trading volume: ~$1.12 billion
• Market capitalization: ~$28.85 billion
ADA has risen more than 4% in the past 24 hours, with particular interest from the Japanese market, where ADA/JPY ranks second in global trading volume with $121 million.
🧭 Short-Term Trading Strategy
✅ Buy Order (Long) – Priority
• XRP: Buy when the price stays above $2.40, target profit at $2.60 – $2.80.
• SOL: Buy when the price exceeds $180 with increased trading volume, target profit at $190 – $200.
• ADA: Buy when the price holds above $0.80, target profit at $0.90 – $1.00.
⚠️ Sell Order (Short) – Caution
• XRP: Consider selling if the price drops below $2.35 with large volume.
• SOL: Sell when the price fails to exceed $180 and shows signs of reversal.
• ADA: Sell if the price drops below $0.78 with increased selling pressure.
Note: The cryptocurrency market is highly volatile; investors should carefully manage risks and closely monitor key support and resistance levels.