Top altcoins XRP, Solana (SOL), and Cardano (ADA) are all nursing losses of around 6% over the past 24 hours, dragged lower by mounting macroeconomic headwinds and fading investor appetite for risk.
Rising Treasury yields, renewed trade tensions sparked by aggressive U.S. tariffs, and a more hawkish-than-expected Federal Reserve have combined to cast a shadow over crypto majors. With fewer interest rate cuts now expected this year, the macro environment appears increasingly hostile for digital assets.
Here’s how the charts stack up for XRP, SOL, and ADA, and what might come next.
XRP: On Thin Ice Below Key Support
XRP is sliding further below former support zones, with the $1.60 level now serving as the next major test. According to data from Coinglass, leverage remains elevated in XRP markets, hinting at possible forced liquidations if the downtrend deepens.
- A potential double bottom pattern is forming near $1.80, but overall price structure remains bearish.
- RSI sits deeply oversold at 22.41, while Chaikin Money Flow (-0.17) and MACD signal persistent selling pressure.
- The $1.91 Fibonacci retracement is a key pivot point—reclaiming this level could hint at a short-term trend reversal.
- Price action has shifted from higher support to lower resistance at the $2 mark, now a major hurdle for bulls.
- Short-term bullish divergence is emerging, but momentum still favors bears until proven otherwise.
Solana (SOL): Struggling to Hold $100 Floor
Solana has dropped over 8% this week, dipping into a key support zone between $100–$110. With major wallets offloading holdings and a large token unlock pressuring supply, the path lower looks open if $100 breaks decisively.
- Between April 5-7, SOL plunged 22%, bottoming out near $95.72 before rebounding to form a new short-term range between $103–$112.
- Whale movements and a $200M unlock event amplified selling pressure, with one wallet dumping $30M worth of SOL.
- RSI below 40 and consistent MACD bear signals reinforce the bearish momentum.
- Prices remain far below key moving averages ($130.5 and $184.2), suggesting that bulls are on the defensive.
- Holding $100 is critical—failure could open the door to a fast drop toward $50.
Cardano (ADA): Oversold, but Not Out
Cardano has mirrored the broader altcoin slump, losing 6% on the day and over 23% across the past two weeks. However, a technical pattern could offer a glimmer of hope.
- RSI at 32 implies oversold territory is close, but sellers still have control for now.
- ADA remains under its 21-day moving average, confirming a near-term bearish trend.
- Price action is developing within a falling wedge pattern, a potential reversal signal if confirmed. A drop to $0.60–$0.61 could mark the final leg before a possible bullish breakout.
- A failed defense here could push ADA toward $0.55, but pattern watchers may see this as a potential bear trap.
Market Outlook: Testing Critical Levels
As macro pressures mount, all three tokens are at make-or-break levels:
- XRP must hold $1.62 to avoid slipping below the psychological $1 mark.
- SOL needs to defend $100 or risk a steeper correction to pre-2024 levels.
- ADA bulls are eyeing the wedge breakout—but any weakness could accelerate losses to $0.55.
The broader altcoin market remains under pressure, but extreme oversold readings could trigger a relief rally—especially if geopolitical or monetary conditions stabilize. For now, caution is warranted as traders await clearer signals.
