The crypto market is currently stagnating, while altcoins like XRP, Solana, and Shiba Inu are showing varied technical signals, from potential breakouts to bearish warnings.
XRP Nears Breakout
XRP is currently trading at $2.18, down nearly 3% in the last 24 hours, continuing to consolidate within a defined ascending channel. The lower trendline is holding firm as support, but the upper resistance at $2.92 remains the key level to watch.
A breakout above this line could unlock a fresh bullish phase, possibly setting the stage for new all-time highs.
Solana Holds Key Support Level
Solana holds its 50-week EMA, which is historically bullish, but faces a resistance test at $180.
Shiba Inu Shows Bearish Signals
Shiba Inu is exhibiting bearish tendencies: a collapse in burn rates, a weekly bearish flag, and targets at $0.0000050.
Amidst the overall stagnation of the crypto market, XRP, Solana, and Shiba Inu find themselves at different technical stages, indicating varied directions and potential trends in the near term.
