During the festive period, leading cryptocurrencies XRP and Solana are hitting unexpected roadblocks, delaying their anticipated market surges. Meanwhile, Graphite (@G) is positioning itself to make a significant impact in January. What challenges are affecting the established players, and how is Graphite preparing to take the lead? The crypto landscape is set for an intriguing shift.
XRP and Solana (SOL) encountered minor setbacks in the last week as their price movements slowed down compared to recent trends. However, both XRP and SOL are still up significantly year-to-date, outperforming the broader market. Meanwhile, Graphite Token (@G) is preparing to make a significant impact in the crypto space. XRP Loses Momentum Following 350% Surges
XRP price showed little movement in the last 24 hours, ranging between $1.86 and $2.63. However, over the past week, the price dropped by 6.20%. Despite this minor setback, XRP surged more than 50% in the last month and over 350% in six months.
Technical indicators show that XRP is currently oversold, with an RSI below 25 and a stochastic value around 10. These signals suggest the price might rebound soon. If it moves upward, XRP could reach the nearest resistance level at $3.06, marking an increase of about 40% from current levels. However, if the downward trend continues, it might test the support level at $1.52.
Solana’s Price Nears Support Amid Signs of Potential Rebound
Solana (SOL) price recently traded between $160.72 and $214.47, showing a 1-week decline of -8.61% and a 1-month drop of -19.28%. The price is approaching the nearest support level at $141.08, which could act as a floor.
Technical indicators like the Relative Strength Index at 31.31 and Stochastic at 10.21 suggest the coin is oversold, hinting at a possible upward movement. The 10-day and 100-day Simple Moving Averages are both near $190, indicating the current price is below these averages. If Solana rebounds, it may target the nearest resistance level at $248.58, representing a substantial increase from current levels.
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