Once top performers, both XRP and Solana have recently cooled off, leaving traders wondering: who is making a comeback and how soon?
XRP and Solana are trading well below their January 2025 highs. In just three months, both internal and macroeconomic factors have crashed their prices and are clinging to key support levels at the time of writing.
Solana, for example, hovers around $140, having crashed from the ATH of $294 set earlier in the year. XRP, on the other hand, has been struggling around $2.15 for more than a month, having crashed 40% below the multi-year high of $3.44 hit in January.
But can either of the two start rebounding this week? To understand this, we need to analyze them technically.
Ripple (XRP) – Technical Analysis
At the time of writing, XRP is trading around $2.15 and continues to show signs of weakness after failing to break above the $2.30 and $2.35 key resistance zone.
On the 1-day timeframe, its MACD lines have flattened, which is an indication of no momentum in either direction. The histograms are also smaller and lighter in colour.
Meanwhile, the RSI index has dropped from the bullish territory above 60 to the neutral zone at 49. For days, the XRP price has been consolidating sideways without significant trading volumes.
Without a bullish catalyst to ignite a rebound toward and above $2.35, XRP will most likely continue raging or decline further.
Solana (SOL) – Technical Analysis
Though Solana trades more than 50% below its January highs, it has posted a solid rebound from the lows of $100 hit less than 30 days ago.
At the time of writing, SOL trades around $142, slightly below the minor resistance of $150. In the daily timeframe, its MACD is beginning to flatten, though it is still in positive territory. The RSI has also cooled around the comfortable bull territory of 54.
Unlike XRP, whose price has been relatively stagnant over the last 30 days, SOL has been uptrending. Therefore, it is normal and even expected for an asset to enjoy a cool-off phase after a wild rally as investors prepare for the next phase of the uptrend.
This thesis is supported by the consistently higher-low closes of the coin, which indicate that its bullish momentum is still intact. A close above $150 will therefore trigger a run toward $170.
Conclusion: Which Coin Will Rebound This Week?
Based on technical alone, Solana (SOL) looks more likely to break out in the coming days. The sixth most valuable coin not only has a healthier momentum, but also a stronger RSI as well as a more defined bullish trend structure.
The short-term breakout odds of XRP are low and will likely continue with the sideways consolidation.
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