Kraken Traders Watch XRP’s $2.48 Support as Bulls Remain Optimistic
XRP’s price recently extended its rally above $2.60 before experiencing a corrective pullback, with traders closely monitoring the $2.48 level as a critical support zone. Despite the dip, the digital asset remains above its 100-hour moving average, indicating underlying bullish strength. A breach below the $2.55 trend line on the XRP/USD hourly chart (Kraken data) has introduced short-term caution, but market sentiment remains tied to broader cryptocurrency trends like Bitcoin and Ethereum.
XRP Price Pulls Back but Holds Support — Bulls Still in the Game
XRP extended its rally above $2.60 before undergoing a corrective pullback, with traders now watching the $2.48 level as critical support. The digital asset remains firmly above its 100-hour moving average, suggesting underlying strength despite the recent dip.
A breach below the bullish trend line at $2.55 on the XRP/USD hourly chart (Kraken data) has introduced short-term caution. Market sentiment mirrors Bitcoin and Ethereum’s recent upward trajectories, with XRP bulls demonstrating resilience after defending the $2.42 support zone earlier this week.
The $2.65 resistance test indicates lingering buying pressure. Traders anticipate another leg up if the $2.48 floor holds, potentially reigniting momentum toward yearly highs.
Solana (SOL) Finds Support — Rally May Be Ready to Resume
Solana’s price action shows resilience as it establishes a base above $155, mirroring broader market trends seen in bitcoin and Ethereum. The asset has surged past key resistance levels at $160 and $165, now consolidating near $175 with a bullish flag pattern forming on hourly charts. A decisive break above $180 could signal the next leg up.
Market participants are watching the $172 support zone closely, where bids appear to be stacking. The current correction follows a rejection at $185, a level that remains crucial for confirming sustained upward momentum. Technical indicators suggest accumulation at these levels, with the 100-hour moving average providing dynamic support.
