Altcoins – XRP and Solana in Focus
Altcoins are generating interest, with XRP at $1.45 and Solana at $180. XRP faces volatility ahead of an ETF decision expected around April 21—approval could drive prices to $2, while delays might trigger a drop to $1.20. Solana benefits from growing DeFi adoption, with total value locked up 25% since March, but its RSI at 75 signals overbought risks near $200 resistance.
Smaller altcoins like Cardano ($0.90) and Chainlink ($25) warrant attention. Cardano’s steady development supports long-term potential, while Chainlink’s Oracle enhancements could spark short-term gains. Bitcoin dominance at 52% remains a hurdle—rising dominance could limit altcoin rallies.
Trade cautiously: Allocate no more than 1-2% of your portfolio per altcoin. Use limit orders to manage volatility. For XRP, track regulatory headlines; for Solana, trail stops to secure gains. Which altcoin are you watching? #altcoins #xrp #solana