XRP Mini-Golden Cross Ignored? Ethereum (ETH) Forming Doubletop? Solana (SOL): Something Massive Coming

XRP Struggles to Gain Momentum Despite Technical Signals

XRP's recent attempt to rally through a mini-golden cross has failed to excite the market. The cryptocurrency remains trapped in a descending wedge pattern, leaving it vulnerable to further declines. Currently trading just above the critical 100-day EMA (around $2.26), XRP faces an uncertain future as this level has historically acted as both support and resistance.

Low trading volume and consistently lower daily closes suggest traders remain cautious about XRP's prospects. This hesitation is typical for altcoins when Bitcoin dominates the market. With the RSI at a neutral 47, there's no clear overbought or oversold signal, making a retest of the 100 EMA increasingly likely. Should this support break, the next potential floor sits at $2.15.

Until market conditions shift in favor of altcoins or XRP demonstrates meaningful transactional growth, traders should prepare for continued consolidation or potential downside movement below the 100 EMA.

Ethereum Facing Potential Bearish Reversal Signals

Ethereum's price action is flashing warning signs that its recent rally may be losing steam. After twice failing to break through the $2,700 resistance with conviction, ETH has retreated to test the 200 EMA support near $2,475.

The formation of a potential double top pattern - with two similar peaks around $2,700 - could signal a bearish reversal if the $2,400 neckline breaks. The RSI's decline from overbought territory (now at 58.9) and diminishing trading volume since early May both suggest weakening momentum.

A breakdown below the $2,400-$2,450 range would likely test the 200 EMA at $2,300. Further weakness could accelerate toward $2,200 or even $2,000 in coming weeks. Given Ethereum's correlation with other altcoins and Bitcoin's continued dominance, traders should remain cautious about potential downside risks.

Solana Poised for a Potential Surge

Solana's current consolidation between $170-$175 may be setting the stage for a significant price movement. The convergence of the 50-day, 100-day, and 200-day EMAs below current prices often precedes major directional moves, typically within days or weeks.

The technical setup favors an upside breakout, supported by SOL's strong recovery from its 200-day EMA at $150 and its ability to hold the $160-$165 zone. Trading volume remains stable since May's breakout from $130, suggesting accumulation rather than distribution.

With the RSI in the mid-50s, SOL has room to run before becoming overbought. Key levels to watch include $165 as support and $180-$185 as the breakout zone that could trigger the next leg up.