After the incident incident? XRP on the edge of the main trend test now, waving on the horizon in Solana’s (SOL)
With its highest level ever, which is about $ 112,000, Bitcoin sent the market to a state of euphoria. However, the upper encrypted currency now shows signs of exhaustion at the same rate that has risen, with a possible reflection on the daily chart. Long upper crumbs on the latest candles indicate rejection of higher levels.
Indeed, the price decreased to less than $ 110,000, and the volume began to decrease. There may be a deepest imminent correction because the RSI indicator (RSI) tends to a decrease from the levels of negotiation above 70. If this support is broken, it is likely that the declining momentum becomes stronger. Technical risks are exacerbated by the development of the main macroeconomic economy.
On June 1, 2025, a 50 % new tariff is scheduled to enter the goods imported from the European Union. The procedure aims to address alleged commercial imbalances and may raise a round of economic revenge on the European Union countries. This increases the level of uncertainty in the origins of global risks such as cryptocurrency and increases the possibility of a capital journey from unstable locations.
The war of tariffs, however, may harm liquidity and stop institutional appetite in this position. Bitcoin may not be safe from geopolitical pressure if the capital moves to safer asset classes or if traditional markets stumble. In fact, it may be particularly vulnerable to a sharp correction given the speculative nature of its current equipment.
Acute withdrawal can increase the size of the weak direction and increase the total tension related to trade. Traders must closely monitor the level of $ 102,000 because the collision decline may end the party after that if it collapses.
XRP is preparing to fight
As Bitcoin continues to take the lead center and advance to new markets, it appears that XRP is behind the knees, not to keep pace with the overall optimism that drives the cryptocurrency market. Although the price of the XRP technically has regained the main average mobility and broke its concession channel, the momentum has stopped, especially unlike the amazing bitcoin gathering.
As a bullish structure continues, albeit marginally, XRP is currently trading approximately $ 2.45, and has established a local support zone ranging between $ 2.30 and $ 2.35. Although the price movement exceeded Emas 100 and 200 days, it is still irregular and cautious. With the residence of the relative power index hovering around a neutral, there is no significant evidence that the backward batch is imminent. Moreover, the size of the size did not encourage the long term.
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The growing market dominance of bitcoin is one of the main factors that harm XRP. With the growth of bitcoin dominance, Altcoins lose money. Bitcoin usually becomes the main strength behind encrypted capital flows during high domination times, leaving altcoins like XRP to struggle for flows. The reason that XRP cannot maintain post -breakdown gains while exploring Bitcoin easily discovery of prices about $ 111,000 due to this dynamic. There is a pressure on the Altcoin market as a whole as well.
There are a lot of distinctive codes for layer 1 and DEFI that fall behind, and have failed to keep or prepare traction. Through its organizational luggage and irregular standards on the chain, XRP is not placed as the best beneficiary in the current risk cycle, and the drawing of gravity in Bitcoin suffocates the narration of the alternative season. XRP may remain backward unless BTC levels are stopped and dominance decreased. Currently, XRP remains on the sidelines of the Taurus Market Party, but this may change with a strong volume and the restoration of $ 2.60.
Solana can smell $ 200
Since the price of Solana rises to $ 186 and approaches the $ 200 sign of psychological importance, it clearly indicates a renewed momentum. The original recently confirmed the strength of the local bullish trend by getting out of a short -term unification pattern. And most importantly, if the appropriate conditions are fulfilled, the technical indicators began to flash signals that can support the next station up.
EMA crossing for 26 days over a number of important moving averages, such as 50 and 100 Emas, is among the most developments. Although it is not a golden cross in the traditional sense, this intersection is an important indication of the increasing local momentum. It offers short -term strength and increased bullish interest, which may serve as a basis for a long -term preoccupation of about $ 200.
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The biggest context adds some caution even though the short -term look looks bright. 200 EMA, in particular, the long -term moving averages are still much lower than the current price movement. The bullish structure will remain a local limit until these late indicators begin in the upper direction and close the gap with the immediate price. In addition, it supports collapse patterns.
Solana just began what could be a long -term outbreak if local momentum continues. The $ 200 goal can be easily achieved, but long -term support will determine the knees if Sol can keep its location over it. Until then, merchants should avoid chasing a step that is still ripening by monitoring the size and closely confirming the direction.
