Saturday and Sunday are generally low-volume periods, and we often see surprise rallies/drops. In periods of weak volume, we also see an increase in speculative movements. In the past two years, we have experienced several times when investors woke up to significant drops on Saturday and Sunday mornings. But could the opposite happen now? We will discuss the targets for both upward and downward movements for SOL, ADA, and XRP Coin.
Ripple (XRP) Coin Price Predictions
On November 6, the price exceeded $0.74, which was promising, but it started to decline. Yesterday, due to sudden losses in BTC price, we witnessed the loss of the critical support level at $0.67. This situation is related to expected profit-taking, and XRP Coin is generally accustomed to such profit-taking. Moreover, since there are no expected positive news regarding the lawsuit, it is normal for investors planning to buy at lower levels.
The rising 20-day EMA ($0.61) and positive RSI confirm that things are not going as bad as feared. If the decline does not deepen and the critical level is not lost until $0.61, $0.74 can be retested. Targets at $0.85 and $0.93 can also be surpassed with closing prices above them.
In a negative scenario, there may be a pullback to the support area at $0.56.
Solana (SOL) Price Target
The resistance level at $48 has been surpassed as expected. SOL Coin will aim to exceed $60 in the second stage. It would be impressive for the upward movement to continue without a significant correction while the RSI is in the overbought zone. However, as long as we do not see daily closings below $48, the expectation of a three-digit price for SOL Coin will continue.
ADA Coin Price Predictions
Yesterday, the challenging level at $0.38 was surpassed. ADA Coin remained quite weak compared to BTC gains and should have already seen peaks above $0.42 according to the market average. There was strong profit-taking during the resistance test, making it difficult for the bulls. However, if they succeed, there is a possibility of a movement towards new peaks at $0.42 and $0.46.
However, daily closings below $0.38 could result in a strong pullback to $0.32. This would indicate the continuation of the downtrend.
