Cryptonews
EN

Trading Focus: XRP Neutral, SHIB Range-Bound, SOL Faces Short-Term Pressure

cryptonewsland.com

9 hour ago

Trading Focus: XRP Neutral, SHIB Range-Bound, SOL Faces Short-Term Pressure

XRP fell post-test to 3.20, and 3.12 with signs showing that the bias is sideways to bearish. SHIB Gains of 0.000014 to 0.000015 were consolidated following a spike in early gains and a slowing upward momentum. SOL stabilized around 240, though overbought RSI indicates the possibility of pressure under the resistance at 242 -245 in the short term. The crypto market produced mixed trading conditions as XRP cooled, SHIB consolidated, and SOL steadied near resistance. The three assets showed distinct technical setups during the session. Momentum diverged across each pair, highlighting different short-term paths in the broader altcoin market. XRP Neutral With Cooling Momentum XRP traded at 3.1214 with a modest gain of +0.83%. The token touched 3.2020 before retracing and stabilizing near 3.12. This showed early strength but also confirmed sideways action as the session unfolded. Source: YahooFinance The MACD line stayed below the signal line, reflecting weak short-term momentum. Values hovered in negative territory, highlighting limited buying pressure. This neutral to mildly bearish signal pointed toward indecision. Aroon readings emphasized bearish weight with Aroon Down consistently higher. Aroon Up moved lower and lacked sustained activity. RSI at 41 reinforced weak momentum, showing a bias leaning toward the bearish side. SHIB Range-Bound After Sharp Spike Shiba Inu was up by +4.21 in the session. In early morning trading, price had gone above 0.000015 and revived a bit thereafter. The token stabilized around 0.000014 indicating that there was consolidation after the spike. Source: YahooFinance MACD was at zero and indicated a lack of direction in the trend. There was no major difference between the MACD line and signal line. This movement was an indication of a neutral mood amidst a previous bullish action. Aroon exhibited conflicting indications with Aroon Up oscillating frequently and Aroon Down oscillating. RSI had fallen by extreme overbought to 65. These readings implied that momentum had been relaxed, and SHIB was trading in the range of the short-term support and resistance. SOL Experiences Short-term pressure. Solana was listed at 240.08 up slightly by +0.19. Price hit 242 and quickly reversed and found itself around 240. There was a slight upward pressure followed by a mild consolidation. Source: YahooFinance MACD was not too far above the signal line, indicating poor bullish momentum. The situation was stable and nobody was firmly convinced in either way. The Aroon Up and Aroon Down were at a high and low price, respectively, 85.71 and 21.43, which is a positive sign of the situation. RSI had reached 79.94 and this indicated overbought region. Such implied profit taking might be a burden in the short run on price. SOL had a potential short-term pressure with resistance at approximately 243 -245 and support at approximately 235. Market Summary XRP showed early gains but settled into neutral conditions with bearish undertones. SHIB posted a strong advance but consolidated within a narrow range. SOL stayed near resistance but signaled overbought conditions that may trigger pressure. Together, the three pairs highlighted mixed momentum in the altcoin market. XRP leaned sideways, SHIB traded range-bound, and SOL approached short-term resistance. These conditions framed a day defined by consolidation and divergent signals across major tokens.

https://cryptonewsland.com/trading-focus-xrp-neutral-shib-range-bound-sol-faces-short-term-pressure/?utm_source=CryptoNews&utm_medium=app