Mixed Trends for Ripple, Cardano, and Solana in Cryptocurrency Market

Top cryptocurrencies like Ripple (XRP), Cardano (ADA), and Solana (SOL) are showing mixed trends in the current market. Ripple is trading near $1.50, with a potential breakout from a symmetrical triangle pattern. Meanwhile, Cardano is recovering steadily above $0.2700, while Solana is struggling to maintain its position above the crucial support level near $116.

Weak institutional demand is affecting the market, particularly for Solana-focused Exchange-Traded Funds (ETFs), which recorded $9.25 million in outflows on Monday. Ripple-focused ETFs saw no inflow, indicating increased selling pressure. This trend follows a recent week with less than $5 million in inflows.

Ripple is maintaining a bullish bias above the $1.5000 level, supported by key moving averages. The price is approaching the apex of a triangle pattern, with a potential target of $1.6518 if a breakout occurs. Immediate support is near $1.4855, with deeper pullbacks testing $1.4524.

Cardano is extending its bullish near-term bias, trading around $0.2790. The price holds above significant moving averages and has reclaimed the 78.60% Fibonacci retracement level. Resistance is seen at $0.3136, with immediate support at $0.2632.

Solana is hovering around $119, with mixed momentum. The price holds above key moving averages, suggesting underlying demand. The next resistance is at $122.94, with support at $116.88 and deeper demand levels near $97.74.