Solana ($SOL) and Ripple ($XRP) Struggles to Remain Bullish, but Altura ($ALU) is Getting Ready for a Massive Breakout
The post Solana ($SOL) and Ripple ($XRP) Struggles to Remain Bullish, but Altura ($ALU) is Getting Ready for a Massive Breakout appeared on BitcoinEthereumNews.com.
Currently, Solana ($SOL) struggles to keep the $180 range, while Ripple ($XRP) struggles to maintain a $2 price point in the recent period. Adding to the intrigue, Solana’s descent from $260 to $180 has seen it surpassed by $XRP in market capitalization, a development that has shocked the entire crypto community. Solana ($SOL): Struggling to Maintain $180 Solana has emerged as a primary force of the blockchain ecosystem, having been nicknamed “Ethereum killer” owing to its rapid transactions and low fees. Nonetheless, recent behavior of the market shows that $SOL is struggling to maintain its price levels. • Price Crash: From $260 to $180 — a drastic drop for Solana. • SURPRISING OUTCOME: This decline led to Ripple ($XRP) overtaking Solana per market cap. • Technical Challenges: Solana has experienced network outages and performance problems, resulting in a loss of investor confidence. Despite the attention on falling prices and TVL, Solana has a robust ecosystem of decentralized applications (dApps) and projects that continue to drive growth. While investors are keeping an eye out for a comeback driven by network upgrades and developer activity. Ripple ($XRP): Battling Volatility Around $2 Ripple’s $XRP has been the talk of the town in recent weeks in light of a string of positive and negative news. After news broke of Gary Gensler’s exit from the SEC, seeing $XRP rally to $2.9; however, the asset has struggled to keep the buy side momentum. • Bearish pattern: $XRP has not been able to maintain the $2.1 area for the last 7 days and has formed a bearish M (Double Top) pattern. • Target price: This pattern gives a more bearish target of $1.5, which might concern traders. • Regulatory Overhang: Although the SEC-related positive news gave breathing space to $XRP in the short run, which could result in overhang for…
Filed under: News - @ December 24, 2024 6:26 am