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Ethereum, Solana, Ripple on the Brink of Critical Breakouts: How to Trade Them

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BTC/USD News

ETH/USD,XRP/USD,Solana

Market Analysis by Investing.com (Günay Caymaz) covering: BTC/USD, ETH/USD, XRP/USD, Solana. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com

Cryptocurrency markets have experienced a downturn post-Bitcoin halving, marked by lower trading volumes.Bitcoin

However, ETH's week-long uptrend has struggled to overcome the $3,200 resistance due to low trading volume. In the past 24 hours, selling pressure has intensified, with $3,150 acting as a key hurdle. The recent price movement suggests a corrective phase for SOL. While the token has attempted a recovery since last week, it remains capped at an average of $158.

From a technical perspective, XRP dipped below its long-term upward channel earlier this month. While there were attempts to return to the channel last week, a significant resistance level emerged around $0.55, hindering further progress. Now, InvestingPro users can do just the same from the comfort of their own homes with our new flagship AI-powered stock-picking tool: ProPicks.

 

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