XRP has finally broken above a major resistance zone, igniting fresh bullish momentum across the market.

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After weeks of consolidation, the token closed above the $3.03–$3.08 range, a level that had capped gains for months. This decisive breakout has shifted sentiment, with traders now eyeing higher targets as momentum indicators flash green.

XRP Market Performance Analysis

The XRP Technical charts confirm the bullish setup. The Relative Strength Index (RSI) has crossed into favorable territory, hovering around 58, a level that historically precedes strong rallies.

Volume has also spiked, reflecting growing buyer confidence. Analysts say this confluence of price action and momentum signals could pave the way for XRP’s next big move.

Immediate resistance sits at $3.30, with further upside targets at $3.65 and $4.20. On the downside, support is clustered between $2.72 and $3.00, levels bulls must defend to keep the trend intact.

XRP's price trends to the upside, but records a decline on short timeframes. Source: XRPUSD on Tradingview

ETF Speculation Adds Fuel, But Doubts Remain

Adding to the buzz is renewed speculation around a potential XRP ETF. Supporters argue that Ripple’s partial legal clarity and XRP’s utility in cross-border payments make it a prime ETF candidate. An approval, they say, could unlock institutional inflows and trigger a powerful demand surge.

However, skeptics caution that XRP’s regulatory status remains murky in several jurisdictions. Unlike Bitcoin and Ethereum, XRP’s classification is still contested, raising doubts over whether an ETF is likely in the near future.

Even if approval comes, some analysts argue that XRP’s utility-focused design may limit its appeal as a traditional investment vehicle. For now, ETF chatter remains speculative, but it has injected optimism into the XRP community as the token tests key levels.

Whale Selling and Short-Term Pullbacks

Despite the bullish setup, on-chain data shows that whales have offloaded over 160 million XRP in recent weeks. Historically, such large-scale selling reflects profit-taking and risk management by institutional players. Yet, XRP’s ability to stabilize around $3 despite this pressure signals strong retail demand.

Short-term pullbacks have also been noted, with traders highlighting key support between $2.87 and $2.95. Analysts suggest these dips could provide entry points for bulls aiming for the next breakout above $3.30.

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Overall, XRP’s resilience, improving technicals, and growing adoption narratives suggest the token is gearing up for its comeback. The coming days will determine whether bulls have the strength to extend this breakout into a sustained rally.

Cover image from ChatGPT, XRPUSD chart from Tradingview

SOL Surges Above Key $205 Resistance: Fibonacci Levels Point Toward $362

In an X post on September 13, Martinez shares an in-depth technical analysis of the Solana price structure, which shows significant potential for a prolonged uptrend. Notably, SOL’s price gain from last week resulted in a breakout from a key ascending triangle formation, signaling strong bullish momentum that projects to higher mid-term targets.

Looking at the chart below, the latest price surge effectively lifted Solana above the multi-month resistance zone near $205, where price had consolidated between April and August. It is clearly observed that breaking above this resistance, combined with the sustained higher lows that formed the ascending triangle, points to a classic bullish continuation pattern.

Notably, the introduction of the Fibonacci extension levels provides more insight into the bullish potential of this recent breakout. The immediate price target presently lies at the 1.272 Fibonacci extension around $250, followed by the 1.414 extension near $277. However, if momentum continues, Solana could reach further upside levels, around $321 (1.618 extension) and the ultimate mid-term target at $362, which corresponds with the 1.786 extension.

On the downside, the $205 breakout zone now serves as critical support. Holding above this level is crucial to maintaining the bullish outlook, as a decisive break below it could open the door for a retest of lower Fibonacci retracement zones, particularly around $176 or $156. However, the rising trendline that has supported price action since April adds another layer of structural support for bulls.

Solana Price Outlook

At the time of writing, Solana is trading at $246, reflecting a modest 1.67% gain over the past 24 hours. However, trading volume has declined sharply by 27.53%, currently standing at $7.49 billion.

According to analysts at Coincodex, investor sentiment toward Solana remains broadly bullish, even as the Greed & Fear Index sits at a neutral 52. Their short-term outlook suggests limited price movement, with the asset projected to remain around $247 for the next month. Looking further ahead, analysts expect Solana to climb to $264 over the next three months, highlighting steady but moderate growth expectations.

Nevertheless, with a market cap of $131.65 billion, Solana continues to rank as the fifth-largest cryptocurrency in the world.

Bitcoin’s price has spent the past week hovering within a tight band and bouncing between $108,000 and $112,000 without any clear direction yet. There have been multiple rejections at the $112,000 price level and technical analysis shows pressure around the 200-day moving averages on the four-hour chart. 

Notably, a technical analysis shared by crypto analyst Daan Crypto shows Bitcoin is at risk of a breakdown below $100,000, but bulls still have a chance to stage a recovery rally in the weeks ahead.

Analyst Warns About Sweep Of Monthly Lows

In his latest post on the social media platform X, Daan Crypto Trades noted that Bitcoin is currently indecisive, and its price action is leaning toward a sweep of the monthly lows. This movement is based on the 4-hour candlestick timeframe chart, which shows the Bitcoin price was recently rejected at the 200MA/EMA last week. 

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The 4-hour candlestick chart below shows Bitcoin has been trading in a defined range since August 25, with equal lows forming a weak base around $107,000 and liquidity sitting just beneath. This makes a stop-hunt sweep a possible next step.

Such a move, the analyst explained, would likely open up a bearish case of panic across the market, which might eventually cause fears of Bitcoin collapsing under the $100,000 price level. 

However, the analyst also identified the $103,000 to $105,000 price zone as the support level where buyers can step in. This area, according to him, would also be a logical entry point for swing long positions if the Bitcoin price indeed breaks down below $107,000.

Conditions For A Bullish Recovery

According to the analysis, Bitcoin bulls have a chance to prevent any breakdown below $100,000 by holding above $105,000 to $103,000. Despite laying out a bearish base case, Daan also described a roadmap for the bulls. 

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The first condition would be strength above $115,000, which would mark a break of August’s range low, which has turned into resistance in the first week of August. A break and close above $115,000 would invalidate any short-term bearish momentum. 

Alternatively, he pointed to a quick liquidity grab below the monthly lows at $107,000, followed by a reclaim of the $107,000 and $112,000 levels, as the most bullish scenario. According to the analyst, this second setup could pave the way for a sustained one-to-two-month uptrend rally through October and November. 

For now, the analyst said he is on the sidelines except for short-term scalps. At the time of writing, Bitcoin is trading at $111,733, up 0.7% in the past 24 hours.

Featured image from Pixabay, chart from Tradingview.com

Ethereum price started a fresh recovery wave above the $4,450 zone but failed. ETH is still struggling and might slide below the $4,220 zone.

• Ethereum is still struggling to recover above the $4,400 zone.
• The price is trading below $4,400 and the 100-hourly Simple Moving Average.
• There is a short-term declining channel forming with resistance at $4,310 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a decent increase if there is a close above the $4,350 level in the near term.

Ethereum Price Remains At Risk

Ethereum price started a recovery wave after it formed a base above the $4,200 zone, like Bitcoin. ETH price was able to climb above the $4,350 and $4,400 resistance levels before the bears appeared.

The recent low was formed at $4,233 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the recent decline from the $4,491 swing high to the $4,233 low. However, the bulls face an uphill task near $4,320.

Besides, there is a short-term declining channel forming with resistance at $4,310 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,320 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,300 level.

The next key resistance is near the $4,320 level. The first major resistance is near the $4,360 level or the 50% Fib retracement level of the recent decline from the $4,491 swing high to the $4,233 low. A clear move above the $4,360 resistance might send the price toward the $4,420 resistance. An upside break above the $4,420 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the near term.

More Downside In ETH?

If Ethereum fails to clear the $4,360 resistance, it could start a fresh decline. Initial support on the downside is near the $4,260 level. The first major support sits near the $4,220 zone.

A clear move below the $4,220 support might push the price toward the $4,200 support. Any more losses might send the price toward the $4,160 support level in the near term. The next key support sits at $4,120.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $4,220

Major Resistance Level – $4,360

The market is on the verge of exiting the consolidation stage, with Shiba Inu, XRP and Cardano being on verge of their local formations that should boost volatility and push either asset into their next stage.

Shiba Inu at crossroads

With price action indicating the possibility of a significant breakdown, Shiba Inu is at a crucial crossroads. The token is stuck inside a narrowing triangle and is currently trading at about $0.0000123, but the overall structure is bearish.

Due to buyers’ inability to maintain momentum above resistance levels, each bounce has been weaker than the last. The consistent drop in trading volume is the most concerning indication. Volume has been declining since early August, which suggests that traders’ interest and involvement are waning.

Declining volume during consolidation frequently precedes strong breakouts in cryptocurrency markets, however, since SHIB is already under pressure, the likelihood of a breakdown rather than a recovery is higher.

Technically speaking, SHIB will encounter resistance right away in the range of $0.0000130-$0.0000132, and then the 200-day moving average close to $0.0000139. Every upward attempt has been capped for weeks at these levels. Support for the downside is located just above $0.0000120. The next target might be $0.0000110 or even $0.0000100, a level that runs the risk of adding another zero to SHIB’s valuation if it significantly breaks below this.

Additionally, a classic indicator of deteriorating market structure, the descending trendline from the recent highs, is still forcing lower peaks. Bearish momentum will probably prevail unless SHIB can break out above that line with significant volume. That is, there is a genuine chance of oblivion.

In addition to possibly correcting further, SHIB runs the risk of becoming irrelevant for traders seeking stronger momentum plays if support gives way while volume keeps declining.

XRP’s last test

It appears that XRP is nearing a final stand at its current price. The token is currently trading at about $2.83, just above the 100-day EMA at $2.77, which serves as the crucial line of defense. If XRP is unable to maintain this zone, it may fall toward $2.50 and ultimately the psychological $2.00 level.

The symmetrical triangle pattern that had been supporting the price since mid-August is clearly broken in the chart. XRP was forced below the lower trendline by sellers, and although it has stabilized for the time being, momentum is still brittle. A clear close below $2.77 would validate the bearish trend.

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The pattern in the volume adds to the uncertainty. The steady decline in trading volume is frequently an indication that sellers are worn out, and that bearish pressure is abating. However, low volume can also indicate fund outflows and disinterest, making XRP more susceptible to steeper drops when liquidity evaporates.

XRP has some breathing room for a recovery, as the RSI, which is currently hovering around 44 and reflecting neutral-to-weak momentum, does not yet exhibit any bullish divergence. Regaining $2.95-$3.00 is crucial for bulls. Strength would only be indicated by a persistent return above $3.00, which would pave the way for $3.10-$3.20.

XRP might still bounce back and reenter a consolidation range if support remains at the 100-day EMA. But if it fails, sentiment quickly shifts against it, making the path to $2.00 much more likely. This is a make-or-break situation for XRP investors for the time being.

Cardano’s patience

Cardano is putting its holders’ patience to the test once more. After weeks of losing momentum, the token is currently trading at a pivotal level, with bulls finding it difficult to maintain control. According to the short-term technical picture, the 100-day EMA and the crucial $0.80 support zone are both in the vicinity of ADA.

There is still hope for a recovery in ADA despite the negative undertones. The $0.80 area has previously shown itself to be resilient, serving as a base for several recoveries. Buyers can continue on their current trajectory toward $0.90 and $1.00 if they can defend this level once more.

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A psychological shift would be signaled by a breakout above $1, which might draw momentum traders and investors who had been sidelined back into the market.

However, volume trends are not very promising. Everyday trading activity has decreased, indicating a general decline in enthusiasm. This makes ADA susceptible because, when markets turn risk-off, a lack of conviction can hasten downward pressure. However, these quiet periods frequently come before explosive moves, so the next sessions are very important.

The indecision is highlighted by the RSI, close to 48, which is in neutral territory and does not indicate oversold or overbought conditions. This implies that ADA has some leeway.

In general, the market is struggling, as there isn’t much of bearish support coming in and the majority of investors are bracing themselves for multiple breakdowns, especially if Bitcoin fails to deliver in the next few weeks.

Ethereum price started a fresh decline from the $4,630 zone. ETH is now showing bearish signs and might decline further below $4,460.

• Ethereum is struggling to settle above the $4,630 zone.
• The price is trading below $4,580 and the 100-hourly Simple Moving Average.
• There was a break below a rising channel with support at $4,600 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start another increase unless there is a close below $4,460 in the near term.

Ethereum Price Faces Hurdles

Ethereum price started a downside correction and tested the $4,310 zone, like Bitcoin. ETH price found support and recently started a fresh increase.

There was a move above the $4,400 and $4,420 levels. The price cleared the 23.6% Fib retracement level of the key decline from the $4,956 swing high to the $4,310 low. However, the bears were active near the $4,630 resistance zone.

The 50% Fib retracement level of the key decline from the $4,956 swing high to the $4,310 low is acting as a hurdle. Recently, there was a break below a rising channel with support at $4,600 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,580 and the 100-hourly Simple Moving Average.

On the upside, the price could face resistance near the $4,580 level. The next key resistance is near the $4,630 level. The first major resistance is near the $4,710 level.

A clear move above the $4,710 resistance might send the price toward the $4,820 resistance. An upside break above the $4,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,880 resistance zone or even $5,000 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $4,630 resistance, it could continue to move down. Initial support on the downside is near the $4,460 level. The first major support sits near the $4,420 zone.

A clear move below the $4,420 support might push the price toward the $4,310 support. Any more losses might send the price toward the $4,240 support level in the near term. The next key support sits at $4,150.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $4,460

Major Resistance Level – $4,630

• Sol Price has launched a new upward move above the $192 and $202 levels against the US dollar.
• The price is currently trading above $200, a simple moving average of 100 hours.
• The hourly wage chart for the Sol/USD pair (Kraken data source) has an upward channel formed with $205 support.
• Clearing the $212 resistance zone could result in the pair extending their profits.

Solana Price aims for more profits

Solana Price has started to increase considerably after finding support near the $188 zone, like Bitcoin and Ethereum. Sol has entered the short-term positive zone above the $195 level.

The price destroyed $202 resistance. The bull was able to push up prices beyond the $208 barrier. The highs form at $213, with the price consolidating profits above the 23.6% FIB retracement level of upward movements from $177 swing low to $213.

Solana is currently trading above $200 and has a simple moving average of 100 hours. It also forms an ascending channel with $205 support on the hourly chart of the Sol/USD pair.

The advantage is that the price faces resistance near the $212 level. The next major resistance is close to the $215 level. The main resistance could be $220. Successfully beyond the $220 resistance zone allows you to set another steady pace of growth. The next important resistance is $225. Any further profit could potentially send the price towards the $232 level.

SOL’s defect correction?

If the SoL does not rise above the $212 resistance, it may begin to decline. The initial support of the downside is near the $205 zone. The first major support is close to the $202 level.

A break below the $202 level could send prices to a $195 support zone and a 50% FIB retracement level rise level rise level from $177 to $213. If it falls below $195 support, the price could drop towards $188 support in the short term.

Technical indicators

HOURLY MACD – SOL/USD’s MACD is paced in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – SOL/USD’s RSI is above 50 levels.

Key support levels – $205 and $195.

Major resistance levels – $212 and $215.