XRP Price Finds Some Relief, But Faces Headwinds on The Path Up
XRP price started a fresh decline below the $2.00 zone. The price is now correcting losses and faces resistance near the $2.050 level. XRP price started a fresh decline below the $2.050 zone. The price is now trading below $2.020 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if there is a close above the $2.050 resistance zone. XRP Price Faces Resistance XRP price reacted to the downside below the $2.120 support zone, like....
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SOL price still faces headwinds from its Bitcoin correlation, macro risks as well as Solana's downtimes. Solana's (SOL) price dropped on June 3, bringing its net paper losses down to 85% seven months after topping out above $260.SOL price fell by more than 6.5% intraday to $35.68, after failing to rebound with conviction from 10-month lows. Now sitting on a historically significant support level, the SOL/USD pair could see an upside retracement in June, eyeing the $40-$45 area next, up around 25% from today's price.SOL/USD daily price chart. Source: TradingView60% SOL price decline....
Bitcoin has reclaimed $77,000 as the market finds its footing after weeks of volatility and uncertainty. The relief is visible in the price, but the more compelling development may be what has been building beneath it — a positioning shift among the largest derivatives traders that suggests the current recovery is not simply a bounce, […]
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