Today, the cryptocurrency market demonstrates a variety of signals regarding main assets, including Bitcoin, XRP, and Solana. Let’s examine current trends and forecasts.
Bitcoin: Anticipated Second Wave
Bitcoin continues to follow a classic wave pattern, yet uncertainty remains concerning a possible surge towards $140,000. Following an unsuccessful attempt to break the descending trendline, the price hovers around $109,000. The initial surge, beginning in mid-April, reached approximately $112,000, followed by a pullback while the 50-day moving average sustained support. If the formation continues to evolve, a second wave is anticipated above $120,000.
XRP: Signs of Growth
XRP exhibits early signs of breaking free from the technical constraints faced in recent months. Recent data indicate that the asset has moved above all major moving averages, signaling the potential beginning of a more directed trend. The Relative Strength Index (RSI) has climbed above 57, providing XRP with room for further gains. However, the gaps between levels and the lack of substantial trading volume may constrain their growth in the future.
Solana: At Risk of Decline
Solana continues to consolidate below all key moving averages, showing no significant upward momentum. Attempts to recover above the $160 levels have repeatedly failed, placing the asset at risk of entering a more severe correction if it cannot breach this level. A drop below the supportive $140-$145 zone may signal a possible retest of the psychologically significant $100 level, which could further discourage traders dissatisfied after months of underperformance.
Thus, the current situation in the cryptocurrency market requires careful analysis. Bitcoin is still waiting for a confirmation of strength, XRP shows signs of progress, while Solana faces possible downward threats.
