XRP is trading around $0.5714, a modest rise of 0.14% today. The price continues to hover above the crucial support level at $0.5471.
XRP faces some resistance at $0.6296; level traders will watch closely. A break above this point could push XRP toward $0.64, potentially setting the stage for a bullish rally. Buyers have recently returned to the market, signalling a possible breakout if the upward momentum continues.
On the downside, $0.5471 remains a critical support level. If this level is breached, the next area of interest lies near $0.4678, likely leading to increased selling pressure.
With buyers slowly gaining control, XRP’s price action will be pivotal over the next few days. Watch for a potential breakout if the resistance at $0.6296 is breached. On the flip side, if XRP drops below $0.5471, further downside could materialize, bringing the $0.4678 support into play. Keep an eye on these key levels for the next significant move.
Solana is trading at $132.27, showing a slight increase of $0.66 % on the day. The daily chart shows SOL facing resistance at $139.03; the next significant level is $163.23. On the downside, support lies around $127.39.
Solana has faced selling pressure since the latter part of August, unable to sustain a push beyond $163.23. The price currently ranges between $127.39 and $139.03, hinting at possible accumulation. A move above $139.03 could open the door for a bullish rally, while dropping below $127.39 may signal further downside risk.
Key levels of $127.39 support and $139.03 resistance will be critical in determining future price direction. The upcoming price movements could reveal if the market has fully adjusted to recent downward pressures.
Shiba Inu (SHIB) is trading at $0.00001329, a slight dip of -0.75% today. The daily chart highlights the critical support level at $0.00001291, which has held steady over recent sessions. This is a crucial area for bulls to defend, as any breach below could send SHIB tumbling towards lower levels.
The immediate resistance for SHIB sits at $0.00001565. A breakout above this level would signal a bullish recovery, potentially driving the price toward the $0.00001939 zone. However, SHIB remains range-bound, with sellers active near $0.00001346, as shown in today’s chart.
Bulls need to step in to avoid further downside. If $0.00001291 support breaks, a potential retest of the $0.000011 area should be expected. Breaching the $0.00001565 resistance could attract buyers and reignite the meme-coin’s momentum.
This post was last modified on Sep 16, 2024, 16:47 BST 16:47