The past few weeks have been stressful for crypto investors due to the market dipping to yearly lows. However, as the market recovers, altcoins like XRP, Solana, and Cardano are signaling positivity.
XRP: Targets to Break $2.10 Resistance
Currently trading at $2.10, XRP has gained 11% from $1.87 to $2.07 in the past week, establishing solid support between $2.00 and $2.20. Analysts suggest that breaking the $2.10 resistance could propel XRP towards $2.50, although macroeconomic pressures may present risks.
Solana: Expanding Dominance in the Altcoin Sector
Solana (SOL) surged 15% in the last week, rising from $116 to $133. A solid support at $124 signals a potential bullish reversal, and discussions around potential U.S. ETF approval for Solana could drive further price gains. However, it must overcome the 50-day moving average at $133 to aim for $145.
Cardano: Building Momentum
Cardano (ADA) rallied 12% from $0.5892 to $0.6657 this week, forming a bullish reversal pattern at $0.63. Current support at $0.60 suggests optimism for reaching $0.70 and potentially breaking $1 in the coming months.
Despite ongoing market volatility, XRP, Solana, and Cardano hold key support levels and exhibit positive growth signals. Analysts emphasize that sustained bullish momentum depends on macroeconomic stability and continued market recovery.
