Kraken Data Shows XRP Bulls Gearing Up for $2.45 Breakout Amid Strong Momentum

XRP has demonstrated significant bullish momentum, breaking past the $2.32 resistance level and trading firmly above the $2.35 zone as well as the 100-hourly Simple Moving Average. According to Kraken's hourly chart data, a key trendline support at $2.38 suggests the cryptocurrency is consolidating before potentially making another upward move. The recent rally saw XRP surge over 5% after establishing a strong foothold above $2.30, outperforming both Bitcoin and Ethereum during this period. With traders eyeing a breakout towards $2.45, the current price action indicates growing confidence among bulls. This development highlights XRP's resilience and potential for further gains in the near term, backed by strong technical indicators and market sentiment.

XRP Price Flashes Strength — Bulls Eye $2.45 Breakout

XRP has surged past the $2.32 resistance level, demonstrating bullish momentum as it trades above both the $2.35 zone and the 100-hourly Simple Moving Average. A key trendline support at $2.38 on the XRP/USD hourly chart (Kraken data) suggests consolidation before another potential leg up.

The cryptocurrency rallied over 5% after securing a foothold above $2.30, outperforming both Bitcoin and ethereum during this move. Current price action shows consolidation near $2.437, holding above the 23.6% Fibonacci retracement level of its recent ascent from $2.25.

Market participants are now watching the $2.45 resistance level—a clear breach could propel XRP toward $2.50, with $2.55-$2.60 emerging as the next bullish targets. The formation of higher lows and sustained trading volume indicate growing confidence among buyers.

Ethereum Bulls Eye $3K as Price Surges 5%, Breaks Key Resistance Levels

Ethereum's native token ETH has mounted a decisive rally, climbing above the $2,720 resistance level with a 5% surge that positions it for a potential test of $3,000. The second-largest cryptocurrency by market capitalization now trades firmly above its 100-hour moving average, demonstrating sustained bullish momentum.

Technical indicators reveal a parabolic curve forming with robust support at $2,750 on the ETH/USD hourly chart. The asset successfully retested the 23.6% Fibonacci retracement level from its recent swing low of $2,516, establishing a new higher high at $2,795 before entering consolidation. Market observers note that maintaining support above $2,720 could catalyze another leg up.

Key resistance levels loom at $2,800 and $2,840, with a decisive break above $2,880 potentially accelerating gains toward $2,910. The current price action suggests institutional accumulation is outpacing Bitcoin's performance in the NEAR term, as ETH continues to attract capital inflows.

Solana (SOL) Spikes to $160 — Will Bulls Power Past This Wall?

Solana's SOL token surged past $155, marking a bullish phase as it challenges the $160 resistance level. The asset now trades above its 100-hour moving average, with technical indicators suggesting sustained upward momentum.

A decisive break above $165 could open the path toward $178, while the $155 trendline serves as critical support. Market participants watch for a potential continuation pattern akin to Bitcoin and Ethereum's recent rallies.

Altcoin Momentum Builds as Bitcoin Takes a Breather; Kraken Positions Itself for the Next Wave

Bitcoin's rally to an all-time high above $112,000 has cooled, leaving sidelined investors searching for opportunities. The spotlight now shifts to altcoins, where momentum is building. Kraken, with over $1.6 billion in daily trading volume and support for more than 400 assets, is emerging as a key platform for traders looking to capitalize on the next wave.

Memecore ($M) and Pudgy Penguin ($PENGU) have surged 62.25% and 34.38%, respectively, in the past 24 hours, highlighting the potential for outsized gains beyond Bitcoin. LAYER 1 projects like Rujira ($RUJI) and Tanssi Network ($TANSSI) are also gaining traction, signaling a broader rotation into riskier, higher-reward plays.

Kraken's suite of professional trading tools and dedicated sections for newly listed tokens positions it as a hub for discovering breakout altcoins. As capital trickles down from major cryptocurrencies, the exchange offers a runway for traders to ride the coming altcoin rally.