Solana, Ripple & Cardano — Asian Wrap 27 September

Solana shows a significant uptick in volume amidst the recent decline. The largest candle within the current downtrend and consolidation belongs to the bears. Invalidation of the bearish thesis could occur if the bulls breach the $38.86 price level.

Ripple’s XRP price could be on its way toward $0.56. Still, caution should be applied as the technicals suggest the uptrend could be the final wave before a reversal. XRP price could set up a 14% rally targeting the recently established monthly high at $0.5590. On Monday, September 26, the bulls rebounded after an early morning sell-off. 

After Ethereum’s Merge, Cardano’s Vasil hard fork was the most anticipated event for the crypto community this year. Surprisingly, both the events, while developing the network further, acted as a disappointment for the investors and traders looking to profit off of the hype.