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COINTURK NEWS > Technical Analysis > Investors Anticipate Price Movements of XRP, Solana, and ADA Coins
Technical Analysis

Investors Anticipate Price Movements of XRP, Solana, and ADA Coins

In Brief

  • Bitcoin's price drop opens opportunities for altcoins.

  • Ripple's future looks promising with potential SEC changes.

  • Solana and ADA show significant price growth and potential resistance levels.

Fatih Uçar
Fatih Uçar 1 year ago
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Bitcoin $76,215‘s price has dropped to $106,800, with a daily peak at $108,353. However, the upward momentum for cryptocurrencies is just beginning. Many altcoins have yet to reach their true peaks, while Bitcoin’s ongoing six-figure consolidation phase opens the door for altcoins to hit new highs. What price targets are set for XRP Coin, ADA, and Solana $87 (SOL)?

Contents
What Lies Ahead for XRP Coin?Updates on Solana and ADA Coin

What Lies Ahead for XRP Coin?

Ripple $1 is poised for an exciting year as the new SEC administration is expected to take constructive steps in crypto litigations. Major US-based crypto firms are requesting that the SEC not pursue cases related to “non-fraudulent” cryptocurrencies. The appeal process for Ripple, previously expected to conclude by the end of 2025, could be expedited by the SEC.

The aim to eliminate legal uncertainties in cryptocurrencies also signals the end of “security/investment contract” cases. Trump appears highly determined on this issue.

With the introduction of RLUSD, Ripple is entering a growth phase, and if the new stablecoin garners significant demand before the end of this month, it could lead to substantial gains.

XRP Coin’s price is hovering around $2.61 at the time of writing. After a recent drop to $1.91, the $2.3 level is being maintained as support. The resistance level at $2.73 was retested but has not been surpassed yet. If this threshold is broken, XRP Coin may see new peaks above $3.

Updates on Solana and ADA Coin

The launch of PENGU has generated significant interest, and excitement in the Solana ecosystem remains high. SOL Coin is currently trading at $226; however, after such tedious consolidation periods, we have seen rapid gains. If the price surpasses $235, SOL Coin is expected to aim for new highs between $247 and $264.

If the support at $217 is lost, SOL Coin could temporarily dip to the $200 to $166 range due to excessive selling.

In the past 41 days, ADA Coin’s price has surged nearly 250%, currently sitting 239% above the 41-day low. Despite a late start in its upward trend, it maintains support at $1.04. The next targets after this are $1.13 and $1.24, followed by the resistance at $1.326.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 17 December, 2024 - 8:44 pm 17 December, 2024 - 8:44 pm
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