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If confirmed, this crossover could drive SOL’s price toward the lower boundary of its descending channel pattern, located around $140.
However, there is a growing case for a bullish reversal. If Solana manages to bounce off the channel’s upper trendline, it could complete the formation of an inverse head and shoulders (H&S) pattern—a classic bullish setup.
In this scenario, a decisive breakout above the H&S neckline resistance at $180 could propel SOL toward a measured target of $260, aligning with its previous highs.
XRP (XRP) Technical Outlook
XRP has once again failed to break out of its ascending triangle pattern, facing rejection near the upper trendline and slipping over 11% intraday. This pullback suggests a potential retest of the triangle’s lower boundary, currently hovering around $2.50, as traders take profits after the latest breakout attempt.
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