The Altcoin Market Today – ETH, XRP, and SOL

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Let us check what altcoin has for its enthusiasts.

Ethereum (ETH)

Ethereum has regained the $4,000 mark and seems ready to surge more, targeting the vital resistance level at $4,400. Meanwhile, the $4,000 battle has been intense, taking buyers more than one week to prevail. Ether declined to the previous support of $3,700 multiple times, and Monday’s outlook appeared grim. However, the narrative changed quickly. That had the leading alt closing the week in green following a 3.8% price increase.

The daily time frame indicators flash bullishness for now. For instance, MACD swayed to the positive territory on Wednesday. Ethereum appears prepared for higher movements. Meanwhile, it will meet its next obstacle at the resistance of $4,400.

Though the current condition suggests optimism, beware that weekly time frames depict bearishness, and the prevailing price movements might mean a near-term relief. ETH has to overcome its current resistance area to open the doors towards the ATH of $4,868.

Ripple (XRP)

This week had XRP returning to uptrends following a 14-day consolidation. The price recorded swift surges, breaking the resistance at $0.89 before authorizing the level into support. While writing this article, XRP trades under the $1 hurdle, ending the week with a remarkable 20% surge. The remittance token took advantage of the lucrative environment in the crypto space.

Ripple might require several attempts to break the $1 psychological level. That explains today’s shaky price actions after XRP encountered rejection from the area. The altcoin should consolidate and keep the latest gains before trying another shot.

XRP losses some momentum at the moment as the MACD highlights possible lower highs today. However, investors should expect a pullback before XRP retests $1 at any time.

Solana (SOL)

Solana has had a lucrative week also, gaining 7.6% over the previous seven days. SOL rallied towards the past resistance (current support) at $188 after securing footing at $150. $205 will be the next target if the alt maintains its rally. The daily RSI and MACD turned bullish, supporting possible increases. However, cracking $200 seems challenging, suggesting volatility as the token surges. Meanwhile, the bulls need to improve their game and control SOL’s movements beyond $188.


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