Ripple $2.4 (XRP) and Solana (SOL) have recently been on the agenda with price movements that attract the attention of investors. In particular, Ripple CEO Brad Garlinghouse’s meeting with US President-elect Donald Trump led to a significant increase in the price of XRP. As a result, XRP gained 11 percent in value and reached 2.60 on January 11. However, after the rise, price movements paint an unstable picture.
Will the Rise in Ripple (XRP) Continue?
XRPThe price of has been moving in a symmetrical triangle formation since December 3, 2024. This formation shows that the price is stuck and is preparing for a big break. Although the sudden rise on January 11 attracted the attention of investors, there are concerns that this move may be a trap.
According to experts, the decline in the price of the popular altcoin is based on several factors. First, after the sudden rise profit taking started. Then, XRP fell to $2.46, losing 1.76 percent. Secondly transaction volume The critical $2.53 level was not exceeded. Unless there is a break above this level, selling pressure may continue. Finally, according to CoinGlass data, if the price falls below $ 2.44, a long position worth $ 42 million can be liquidated.
On the other hand, open position data in XRP also attracts attention. The value of open positions in XRP was 2 billion on December 22, 2024, and reached 5 billion as of January 13. If the price rises above $2.55, there is a possibility that XRP will reach $3.15 with a 33 percent increase. However, current data shows that the possibility of a short-term decline is stronger.
Solana (SOL) Moves at Critical Levels
On the other hand, Solana was trading above the $220 level at the beginning of 2025 and has now fallen below the $200 level. LEFTThe price of is at $182 and has decreased by 2 percent in the last 24 hours. There is a loss of 15 percent on a weekly basis.
Technical analysis of SOL symmetrical triangle formation It shows that you are stuck inside. This squeeze may trigger an increase above the $214 level and a decline when it falls below $183. The current price movement is creating uncertainty among investors.
The transaction volume of the altcoin increased by 26 percent in the last 24 hours and reached 4.86 billion. However, the value of open positions decreased by 1.67 percent to 6.10 billion. This shows that investors are being more cautious despite the increasing transaction volume in the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
