Recently, the cryptocurrency market has showcased interesting changes, and analysts are closely watching price movements of key altcoins such as XRP, Solana, and ADA.
XRP Prospects Amid SEC Changes
Ripple anticipates a productive year due to likely steps from the new SEC leadership in crypto regulation. Major US crypto firms urge the SEC not to pursue non-fraudulent cryptocurrency cases. The introduction of RLUSD will be significant for XRP, and if the stablecoin gains demand, it could lead to considerable price gains. Currently, XRP trades at $2.61 with support at $2.3 and resistance at $2.73.
Solana's Current Scenario
The launch of PENGU has sparked enthusiasm in the Solana ecosystem. SOL currently trades at $226, and if it surpasses $235, it is expected to reach new highs between $247 and $264. However, losing support at $217 could temporarily lower the price to the $200-$166 range.
ADA Price Dynamics
ADA's price has surged nearly 250% over the past 41 days and is currently 239% above the 41-day low. Despite a late upward trend, it maintains support at $1.04. The next targets are $1.13 and $1.24, followed by resistance at $1.326.
The ongoing developments in XRP, Solana, and ADA, along with crypto regulatory changes, will be key drivers for the near future. Investors closely monitor these shifts looking for opportunities.
