Kraken Market Watch: XRP Struggles to Sustain Above $2.20 Amid Building Support Levels

XRP's price action shows resilience as it rebounds from the $2.050 support level, climbing back above $2.10 but encountering resistance NEAR $2.20. Currently trading above $2.150 and the 100-hourly Simple Moving Average, XRP/USD is forming a bullish trend line at $2.080 on the hourly chart. Despite briefly spiking past $2.20 and clearing the $2.150 resistance, sellers emerged at higher levels, causing a correction after the price hit $2.215. This price behavior suggests that while there is strong support building on pullbacks, overcoming the $2.20 resistance remains a challenge for XRP in the near term.

XRP Price Fails to Hold Above $2.20 — Is Support Building on Pullbacks?

XRP price rebounded from the $2.050 support level, climbing back above $2.10 but facing resistance near $2.20. The cryptocurrency now trades above $2.150 and the 100-hourly Simple Moving Average, with a bullish trend line forming at $2.080 on the hourly XRP/USD chart.

Despite clearing the $2.150 resistance and briefly spiking past $2.20, sellers emerged at higher levels. The price corrected after hitting $2.215, though it remains above the 23.6% Fibonacci retracement level of its recent upswing from $1.910 to $2.2150.

Key resistance lies at $2.20, followed by $2.220 and $2.250. A decisive close above $2.20 could signal renewed bullish momentum, while the $2.080 trend line support may cushion any pullbacks.

Solana (SOL) Breakout Watch: Price Could Rally Hard Above $150 Level

Solana's SOL token is showing signs of a strong upward trajectory, having rebounded from the $125 support level and now eyeing a decisive breakout above $150. The cryptocurrency has surged past key resistance levels at $132 and $142, with bullish momentum supported by a rising trend line on the hourly chart.

Trading activity on Kraken indicates SOL is consolidating above $142, comfortably positioned above its 100-hour moving average. The next critical test lies at the $148-$150 resistance zone, where a successful breach could pave the way for extended gains toward $155 and beyond.

Market observers note SOL's performance mirrors broader strength in major cryptocurrencies like Bitcoin and Ethereum. The current technical setup suggests accumulation may be occurring before another potential leg up, with the $142 level now serving as important support.