Ripple Dips Below $1.40 as Solana Surges Towards $100
Ripple's price has dipped to $1.40 as it faces downside pressure after significant gains last week, while Solana continues its rally towards $100.
The technical outlook for XRP and SOL points to potential upside due to the broader market's risk-on sentiment. Ripple trades around $1.4033 on Thursday, maintaining a bullish near-term bias as price holds above both the 50-day Exponential Moving Average (EMA) at $1.1733 and the 200-day EMA at $1.3503.
Solana has extended its rally, reaching $100.97 after reclaiming the 50-day and 200-day EMAs as underlying support. Dogecoin, on the other hand, is capped below $0.10 as profit-taking cools momentum.