Post-ATH Crash Incoming? XRP on Verge of Major Trend Test Now, Solana’s (SOL) $200 Surge Looms
The post Post-ATH Crash Incoming? XRP on Verge of Major Trend Test Now, Solana’s (SOL) $200 Surge Looms appeared on BitcoinEthereumNews.com.
XRP prepares for fight Solana can smell $200 With its recent all-time high of almost $112,000, Bitcoin has sent the market into a state of euphoria. The top cryptocurrency, however, is now displaying signs of exhaustion at the same rate that it rose, with a possible reversal emerging on the daily chart. Long upper wicks on the most recent candlesticks indicate rejection from higher levels. Already the price has fallen below $110,000, and the volume is beginning to decrease. There may be an impending deeper correction as the Relative Strength Index (RSI) is trending lower from overbought levels above 70. Bitcoin might return to the $102,000 breakout point if it loses $107,000-$108,000. If that support were broken, the bearish momentum would probably get stronger. The technical risk is compounded by a major macroeconomic development. On June 1, 2025, a new 50% tariff on goods imported from the EU is scheduled to go into effect. The action aims to address alleged trade imbalances and may spark a round of economic reprisals from EU countries. This increases the level of uncertainty for global risk assets such as cryptocurrency and raises the possibility of capital flight from unstable positions. BTC/USDT Chart by TradingView A tariff war, however, might harm liquidity and halt institutional appetite in this situation. Bitcoin may not be safe from geopolitical pressure if capital moves into safer asset classes or if conventional markets falter. In fact, it might be particularly susceptible to a steep correction given the speculative nature of its current rally. A steep pulldown could be triggered by a weakening trend dropping volume and increasing trade-related macro tension. Traders should closely monitor the $102,000 level because a crash landing could end the post-ATH party if it breaks. XRP prepares for fight As Bitcoin continues to take center stage…
Filed under: News - @ May 25, 2025 5:08 am