Altcoin Trio Struggles to Sustain Momentum Amid Consolidation

Ripple (XRP), Cardano (ADA), and Solana (SOL) have been consolidating, struggling to sustain their upside momentum.

The technical outlook for these altcoins suggests downside risk as they struggle to advance their August gains.

XRP is holding above its 200-day Exponential Moving Average (EMA) at $1.3550 and the 50% Fibonacci retracement of the $0.9862 to $1.6999 upswing at $1.3430, underpinning the broader uptrend.

However, momentum is moderating with the MACD slipping below its signal line, while the Relative Strength Index (RSI) is around 59.