Recently, the cryptocurrency market has been turbulent, with #Xrp🔥🔥 and #solana (SOL) both rebounding, attracting attention from many investors. However, both face key resistance on their upward journey, and how the short-term trend unfolds still requires close monitoring of technical indicators and support/resistance levels. Below, we will quickly interpret the market dynamics.#加密市场反弹
XRP: Approaching key resistance, the next wave of trend is imminent ⚡
XRP price has been steadily rising recently, currently striving to break through the support level of $2.850 and approaching key resistance at $2.920 and $2.950. Technically, XRP/USD has formed a solid bullish trend line on the hourly chart, with support at $2.8320 (data source Kraken).
After experiencing fluctuations from the $2.995 high to the $2.70 low, the price has now stabilized above $2.850 and the 100-hour moving average. If XRP can hold above $2.920, the next step may challenge the $3.00 or even $3.050 resistance level. The ultimate goal for bulls may point to $3.120; once broken, it will open up a new round of upward space.
But warning signals cannot be ignored 😬: If XRP cannot break through $2.920, the price may retreat to the $2.8320 support line, and further dropping below $2.770, there are also support levels at $2.720 and $2.650.
In terms of technical indicators, the hourly MACD shows that XRP is still accelerating in the bullish zone, while the RSI is above the 50 level, still leaning bullish in the short term, but attention should be paid to the resistance pressure above.
Summary of key points for XRP:
Support level: $2.8320 / $2.770
Resistance level: $2.920 / $2.950 / $3.00
Solana (SOL): Is the recovery lacking momentum? ⚖️
Compared to XRP, Solana's rebound seems a bit 'tentative.' After finding support around $192, the SOL price began to rise, currently stabilizing above $200 and the 100-hour moving average. The SOL/USD hourly chart shows a bullish trend line support at $204, with short-term rebound space remaining.
The price broke through the 23.6% Fibonacci retracement level from the $242 high to the $191 low, but encountered multiple resistances around $215. If it cannot break through, the rebound may be limited. If SOL successfully closes above $220, it will lay the foundation for the next steady rise, targeting $230 or even the previous high of $242.
Downside risks also exist 😬: If SOL fails to break through the $216 resistance, it may short-term fall back to the $204 support line, and breaking below $202 could further probe down to $200 or even $192.
Technical indicators show that the hourly MACD is gradually losing momentum in the bullish zone. The RSI is above 50, but the rebound strength still appears insufficient.
Summary of key points for SOL:
Support level: $204 / $200
Resistance level: $216 / $220 / $230
In summary: The two heroes are undergoing a 'key resistance test' 🏁
Overall, both XRP and SOL show a certain bullish trend in the early rebound, but both face short-term key resistances: XRP's $2.920–$2.950 and SOL's $215–$220. Breaking through the resistance will trigger a new round of upward momentum; otherwise, it may retest the support level.
For investors, closely monitoring key support and resistance levels, combined with technical indicators such as MACD and RSI, may help in grasping short-term trading rhythms and finding opportunities in volatility. 📊
To sum up: XRP may break through the $3 mark in one go, while SOL needs more momentum to achieve a steady rise—how the market unfolds, just keep an eye on the resistance line! 😉#加密ETF十月决战
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