Technical Analysis by RoboForex

[Vlad RF]

XRPUSD retains upside potential towards 1.4795

XRPUSD is recovering amid improving sentiment in the cryptocurrency market and continued institutional investor interest in XRP, with the price currently at 1.4378.

Technical outlook

XRPUSD is rising within an ascending channel, with buyers keeping prices above the EMA-65, indicating continued bullish strength. Today’s XRPUSD forecast suggests a rebound from the lower boundary of the ascending channel and further growth towards 1.4795.



The XRPUSD price maintains its bullish momentum, while buyers holding the 1.3905 support level increases the likelihood of further growth towards 1.4795.

Read more - XRPUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[Vlad RF]

SOLUSD loses ground amid weakening institutional demand

The SOLUSD rate is declining amid a drop in institutional inflows into spot ETFs, with the price currently at 101.17.

Technical outlook

The SOLUSD price has consolidated below the EMA-65, indicating easing buying pressure. The SOLUSD forecast for today suggests a further downward move towards 84.05 USD.



The current decline in the Solana price is driven by a sharp 96% drop in institutional demand.

Read more - SOLUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team