Market Struggles: How Will XRP, SOL, CHZ, and WIF Coin Perform?

The cryptocurrency markets experienced one of its worst Mondays, leading to the liquidation of billions of dollars. ByBit’s CEO estimates that over $6-7 billion has been liquidated. Many altcoins have reached levels not seen even during the crash in 2022. Coins like XRP, SOL, CHZ, and WIF are under scrutiny as they breach previous lows from last year.

XRP and Solana (SOL)

Trump’s agreement with Mexico to postpone tariffs has sparked some market optimism. However, the Canadian front lacks encouraging statements, leaving many uncertain about future movements. If a compromise is reached, a V-shaped recovery may follow. As of this writing, Bitcoin $81,028 is finding buyers above $98,500.

In our previous evaluations, we noted that excessive selling could trigger lower supports for SOL Coin around $172. Indeed, prices dipped to $172 before rebounding to resistance at $202. This rapid recovery is positive, and if it continues, new highs between $224 and $248 may be on the horizon, contingent on favorable news from Canada and China.

Despite Gensler stepping down and Trump embracing crypto, XRP Coin has not yet seen $4. Bitcoin’s growth has made it increasingly affected by macroeconomic developments, pulling altcoins along. For XRP Coin, we previously mentioned excessive sell-offs in the $1.95 and $1.78 range, which were quickly tested. However, regaining the $2.48 threshold offers some relief to investors.

We may see another attempt at $2.93, with Bitcoin’s performance being crucial.

CHZ and WIF Coin

With the loss of the $0.072 midpoint of the parallel channel, we noted that CHZ Coin could dip below its support level of $0.0585. Indeed, prices returned to the critical support point of $0.0445. The price quickly bounced back to the parallel channel support, and if the upward trend continues, testing $0.072 may be imminent.

For WIF Coin, the situation is more complicated. After denying a marketing partnership agreement, this popular meme coin has dropped to a low of $0.676. A new attempt toward $1.07 may be expected, followed by a target of $2.20. Being a new meme coin, WIF Coin could continue to show promise as long as the overall market trend remains bullish.

Despite an 85% drop from its peak, the lack of sufficient interest may lay the groundwork for speculative rises.