Cryptocurrency markets are showing unexpected trends due to political actions. This article reviews forecasts for XRP, Solana, and AVAX.
Ripple (XRP) Analysis
Since late 2021, short sellers have noted minimal losses, maintaining their profit despite large liquidations on long positions. XRP has not broken the crucial $2 support level. If the price reclaims $2.35, upward momentum may accelerate. For the downtrend to halt, support at $2.20 must be regained.
Solana Market Insights and Prospects
Solana has lost significant ground after starting a major downturn. The fall following a rally from $8 to the current support at $111 leaves room for recovery. Potential stops at $97.70 and $77 could signal overselling. To reignite hopes for a rise, recovery above $125 is needed.
AVAX Situation Overview
AVAX struggles after losing $22.37 support. Recent heavy sell-offs have led to attempts below $18. For a genuine bull market to start, AVAX must hold above $15.55; otherwise, declines to single digits could occur.
The cryptocurrency market remains volatile, and investors are cautious. Political factors are expected to continue influencing XRP, Solana, and AVAX market dynamics.
