Ripple (XRP) 
$2 and Solana 
$176 (SOL) are currently in focus due to their notable price fluctuations. The price of XRP particularly surged following a meeting between Ripple CEO Brad Garlinghouse and newly elected President Donald Trump, leading to an 11% increase on January 11, reaching $2.60. However, subsequent price movements have painted a picture of uncertainty.
Will the XRP Rally Continue?
Since December 3, 2024, XRP has been moving within a symmetrical triangle formation, indicating a period of price consolidation and the potential for a significant breakout. Despite the spike on January 11 attracting investor attention, concerns linger that this movement could be a trap.
Experts attribute the recent price decline of XRP to several factors. First, profit-taking began post-surge, resulting in a 1.76% drop to $2.46. Additionally, the critical resistance level of $2.53 remains unbroken, implying sustained selling pressure until a breakout occurs. Furthermore, if the price dips below $2.44, $42 million in long positions could be liquidated, according to CoinGlass data.
Solana Struggles Below Key Levels
On the other hand, Solana’s price has dropped from over $220 at the start of 2025 to below $200. Currently priced at $182, SOL has decreased by 2% in the last 24 hours, and weekly losses amount to 15%.
Technical analysis reveals that SOL is trapped within a symmetrical triangle formation. A breakout above $214 could trigger a rally, while a drop below $183 could lead to further declines. The current price activity is causing uncertainty among investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
