Analyst Warns XRP Holders Might Witness Short-Term Pain, Updates Outlook for Bitcoin and Solana
A crypto strategist known for making timely Bitcoin ( BTC ) and altcoin calls believes XRP is in a precarious spot as the coin struggles to stay above a key price level.
Pseudonymous analyst DonAlt tells his 640,100 followers on the social media platform X that XRP has lost its immediate support at $2.95 following Saturday’s marketwide sell-off.
According to the analyst, XRP needs to recover the critical area otherwise the altcoin will see more downside price action.
“At support right now. Would be nice if it bounced this weekend otherwise we might be in for some short-term pain.”
Source: DonAlt/X
Looking at the trader’s chart, he seems to suggest that XRP might fall to $2.72 if it fails to reclaim $2.95 as support.
At time of writing, XRP is worth $2.93, down over 4% on the day.
As for Bitcoin, DonAlt says BTC appears to be holding strong despite President Donald Trump’s threats to impose hefty tariffs on foreign nations exporting their products to the US. According to the analyst, tariffs “are a pretty big deal” as they bring uncertainty into an already jittery crypto market.
“BTC moves down 1% and everything else in the market tanks.
BTC itself still looks fine but it’s obviously not great that we’re back to this support AGAIN.
Considering the economical nukes Trump is throwing around, I’m surprised BTC hasn’t tanked more.”
Source: DonAlt/X
Based on the trader’s chart, he seems to predict that BTC will drop down to its support at $99,000 as it continues to respect resistance at $106,222.
At time of writing, BTC is worth $101,342.
Turning to layer-1 protocol Solana ( SOL ), the analyst thinks the altcoin is positioning for a sustained surge to new record highs even though it is struggling to shatter resistance at $250.
“SOL:
Weaker and weaker rejections off of prior all-time high ($250).
Not a bad chart…
Starts looking quite good the moment it starts closing new highs and those become more and more likely the more often it tests $250.”
Source: DonAlt/X
Looking at the trader’s chart, he seems to suggest that the next support level for SOL is at $190.
At time of writing, SOL is trading for $217.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
