Another period of sharp decline in the crypto currency market has passed, and on Monday, the entire market was greened. It is seen that crypto currencies such as XRP and Solana (LEFT) are leading this rise.
XRP/USD Technical Analysis
Looking at the XRP technical analysis, it can be said that the crypto currency, which has gained 25% in a short time, is currently experiencing consolidation. As of the moment of writing this article, the next target of XRP, which is trading at the level of 1.39 dollars, will be 1.55 dollars.
Although the RSI and MACD indicators give a bearish signal, it is known that the XRP has previously risen to above the 1.90 dollar level with this signal. After the 1.55 dollar for XRP/USD, the 1.90 dollar resistance may also make it clear whether it is holding on to the 2 dollar. The most important development related to XRP will be announced in a few days. DEC April 30, the next hearing of the case between Ripple and the SEC will be held, and XRP price it can be directly affected by it. If the XRP price is holding on to the 1 dollar level in a possible bad news, it may reduce the effects of the decline.
Solana Goes into Decline
Solana (LEFT), he had been sitting on the agenda for days with a record-breaking record. The LEFT, which broke the all-time record by reaching 48.46 dollars, has gained 8.563% since May 11, 2020. It can be seen that SOL, which declined to $ 0.50 at that time, also came to the fore with the fact that the infrastructure it offers is fast and cheap.
SOL/USD looking at its parity, it seems that the point to be considered is the support of the 42 dollar. It is likely that the SOL, which is also having difficulty breaking this place, will decline to $ 36 if it is below $ 42.
Litecoin Is Having a Hard Time Breaking the Record
On the other hand Litecoin (LTC) but he still has not reached the desired level and is about to get out of the top 10. As of the moment of writing this article, LTC, which has a total market capitalization of $17 billion, is having trouble breaking the $280 resistance.
It is seen that the LTC price has gained 4% in the last 24 hours, but it has been returned to the 280 dollar resistance every time it comes. If this level is tested once again for LTC, a decline may begin that will also fall below the 240 dollar support. The critical level in the continuation of the 280 dollar for Litecoin will be the 320 dollar and the all-time record.