$3 Target Again? Solana (SOL) on Verge of Breakthrough, Ethereum (ETH) About to Get Tested
The post $3 Target Again? Solana (SOL) on Verge of Breakthrough, Ethereum (ETH) About to Get Tested appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP is off to a great start in 2025 showing a strong comeback as it advances toward its next possible milestone. The price performance of XRP indicates that it is gaining momentum for a bigger move after breaking through the descending wedge pattern and rising back above the $2.18 support level. As a result of the recent rally, XRP is now well above the 50 EMA, a critical technical indicator that may indicate a move into bullish territory. Following a significant correction in late 2024 that saw the asset lose almost 30% of its value, this recovery has occurred. The increased trading volume and resurgence of buying interest, however, highlight the faith that investors have in XRP’s long-term prospects. XRP/USDT Chart by TradingView Why is $3 the new target? XRP has had trouble holding price levels above $3 in the past; the last notable attempt was during the 2018 bull run. Reaching this goal would strengthen the asset’s position as a significant participant in the cryptocurrency market in addition to representing a psychological win for it. For XRP to rise to $3 it would need to overcome significant resistance levels, especially those that have previously served as barriers, at $2.50 and $2.75. Additionally, there are indications of recovery in XRP’s on-chain metrics. Positive sentiment among holders and…
Filed under: News - @ January 3, 2025 1:26 am