Kraken Observes XRP’s Bullish Momentum as Price Eyes Breakout Above $2.42

XRP is showing strong bullish signals as it consolidates above key support levels, with analysts eyeing a potential breakout. The cryptocurrency’s current trajectory suggests growing investor confidence, particularly on platforms like Kraken where trading activity has surged.

XRP Price Eyes Breakout Amid Rising Channel Formation

XRP has established a firm support level at $2.20, sparking a fresh upward trajectory. The cryptocurrency now trades above both the $2.30 mark and its 100-hourly moving average, signaling bullish momentum.

A rising channel pattern with support at $2.3650 appears on hourly charts, suggesting potential for further gains. Market observers note that a decisive close above the $2.42 resistance could trigger another leg up, mirroring recent movements in Bitcoin and Ethereum.

The asset successfully tested the $2.475 zone after clearing multiple resistance levels, demonstrating renewed investor confidence. Technical indicators point to continued strength as buying pressure builds across major exchanges.

Solana (SOL) Poised for Takeoff as Bulls Eye $180 Breakout

Solana has reignited bullish momentum with a decisive move above $162, now consolidating NEAR $175 as traders anticipate a potential push toward $180. The SOL/USD pair shows technical strength, forming a rising channel with support at $172 on hourly charts.

Market activity mirrors broader crypto trends, with Bitcoin and ethereum also displaying renewed upward pressure. Kraken data reveals key resistance at $176—a breakout could trigger accelerated buying. The current consolidation follows a rejection at $180.10, suggesting accumulation before the next leg up.