Kraken Observes XRP’s Consolidation Phase Ahead of Potential Breakout

XRP is currently consolidating above the $2.320 support level, showing bullish momentum as it eyes a breakout above the $2.450 resistance. Trading above $2.380 and the 100-hourly Simple Moving Average, XRP has formed a bullish trend line at $2.3580 on the XRP/USD hourly chart. Despite underperforming Bitcoin and ethereum in recent corrections, XRP found strong support near $2.3350 and has since rebounded, indicating potential for upward movement. Market watchers on Kraken and other exchanges are closely monitoring these developments for signs of a sustained breakout.

XRP Price Consolidates Before Potential Breakout

XRP has entered a consolidation phase above the $2.320 support level, showing signs of bullish momentum as it eyes a breakout above the $2.450 resistance. The cryptocurrency currently trades above $2.380 and the 100-hourly Simple Moving Average, with a bullish trend line forming at $2.3580 on the XRP/USD hourly chart.

Despite underperforming Bitcoin and Ethereum during recent corrections, XRP found support near $2.3350 and has since rebounded. Market watchers are monitoring whether the digital asset can sustain its upward trajectory and clear the crucial $2.450 threshold, which could signal the start of a more significant rally.

Solana (SOL) Aims Higher With Strong Buyer Support, Next Stop $200?

Solana’s price resurgence from the $165 support level signals growing bullish momentum. The asset now trades firmly above $172, outpacing broader market trends with a clear trajectory toward $180 resistance.

A connecting bullish trend line on the hourly chart reinforces support at $170, while Kraken data shows increased accumulation near current levels. The rally mirrors Bitcoin and Ethereum’s recovery, suggesting institutional interest is returning to altcoins.