The price of Bitcoin (BTC) $87,387 remains at $96,300, having dipped to $93,388 within the last 24 hours. While Bitcoin shows signs of recovery, altcoins continue to face significant losses and have not yet managed to recover. As market movements appear sluggish, let’s delve into the technical analysis of XRP, SOL/BTC, and TOTAL3 charts by market experts.
XRP Coin and TOTAL3 Analysis
To monitor the size of altcoins excluding major ones by market capitalization, we refer to the TOTAL3 chart. This provides insights into the market value of lower-cap altcoins, encompassing nearly all altcoins in the market. Many altcoin investors expect a turnaround outside the top ten cryptocurrencies, suggesting that any recovery here could signal the beginning of a new altcoin rally.
In a recent market assessment, Moustache shared the TOTAL3 chart, indicating that the bullish sentiment persists and should begin soon based on historical data.
“TOTAL3 is currently witnessing one of the most bullish formations right before your eyes: the Inverse Head and Shoulders. This occurred very similarly in the last cycle.”
“Although it may not seem that way now, the best is yet to come.”
Ali Charts, an analyst focusing on XRP Coin, predicts a 4% rise and expects the price to reclaim $2.68, noting that the price is escaping from a rising triangle pattern.
In the Ripple $2 case, concrete actions from the SEC are anticipated within a few months. The crypto task force working to establish a legal framework has temporarily suspended the Binance case. The Ripple case is currently on appeal, and a resolution may be reached through party negotiations, with a summary ruling already favoring Ripple, marking a significant victory.
SOL/BTC Chart Analysis
Recently, SOL Coin has experienced considerable losses against BTC. The situation has been extensively analyzed, especially in light of comments from the President of Argentina. Jelle discusses the current state of the SOL/BTC pair and addresses how long this corrective decline might continue.
“What I mean is this. Just a day later, $SOL/BTC now appears to be scanning low levels, and this potential divergence seems increasingly likely. The same applies; there is still 1 day and 13 hours left before the close. Be patient.”