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This zone also aligns with the 200-week EMA near $102, making it a key battleground between bulls and bears.
Volume profile data shows heavy trading activity in this region, but below $100, liquidity thins out quickly—opening the door to a potential plunge toward $44, the next major high-volume node. The RSI sits at 37.93, nearing oversold territory but offering no sign of reversal.
To regain bullish momentum, Solana needs to bounce convincingly and reclaim resistance levels at $135 and $161. Failure to do so could invite deeper losses. Still, a rebound scenario is not off the table, with price consolidating near long-term support.
XRP Forms Bearish Reversal Pattern
XRP’s technical picture appears more fragile. The token has formed a textbook head-and-shoulders pattern on the weekly timeframe, a formation that often precedes steep declines.
Currently priced at $2.064, XRP is teetering just above its neckline at $2.00. According to the pattern’s projected move, a confirmed breakdown could trigger a drop toward the $1.07 target.
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