In the past 24 hours, major altcoins have faced renewed selling pressure, a shift that is testing key support levels in the market. Solana, XRP, and Cardano are currently in critical zones that may determine future trading trends.
Price movements are showing clear patterns. Although buyers are defending certain levels, momentum is weakening, and the short-term direction now hinges on whether these support levels hold or break.
Solana (SOL) Price Action Shows Weakness After Losing Key Support
Here’s a snapshot of current Solana data.
From SOL's price structure, a drop below $92 has altered the short-term outlook. The next significant support level is at $87, which could serve as a defensive line.
Resistance is found between $95 and $97. A breakout above $95 would improve market sentiment and pave the way to $117. However, based on current momentum, this scenario seems unlikely to materialize today.
On-chain data indicates that the network is deleveraging. Whales have reduced their holdings, and liquidation events have exacerbated the recent decline.
Today's SOL Price Prediction Points to Possible Re-Test of Lower Support
Solana's price is leaning bearish today, with the current structure suggesting the market may test the $87 support level again. This level has become the most critical support in the short term.
A drop below $87 could lead to further downside, as there is minimal support below this area. If this level fails, selling pressure may intensify.
For a stronger rebound, the market needs to reignite buying interest. Without such a change, prices may continue to struggle below $92.
XRP Price Holds Steady at Key Support, Market Consolidates After Recent Upsurge
Here’s a snapshot of current XRP data.
The most important support level currently stands at $1.43, aligning with a key Fibonacci retracement line. The price recently tested this level and rebounded, increasing its significance.
Resistance is at $1.54, with strong resistance near $1.60. A breakout above these levels would confirm the market regaining strength.
The RSI indicator remains in the neutral zone between 50 and 52. This reading suggests that prices still have room to move in either direction.
Today's XRP Price Prediction Focuses on $1.43 as a Key Turning Point
Despite XRP's price showing red candles over the past two days, the $1.43 support level remains solid, continuing to act as strong support.
This level was maintained on the previous trading day of March 18, and if buyers defend this level again, it could signal a short-term bottom. Price action around this level will likely determine the next move.
If XRP maintains above $1.43, the price may rise in upcoming trades. If prices stabilize and begin to rebound, buyer confidence may strengthen.
However, a drop below $1.43 would weaken this outlook and expose lower support areas. This scenario would raise market concerns about a deeper correction.
