XRP Drops 7%, Solana Falls 8% Amid Crypto Market Sell-Off

The cryptocurrency market has recently experienced a downturn, with major coins facing significant price declines. The overall market sentiment remains volatile, and traders are closely monitoring price movements. Bitcoin, the leading cryptocurrency, is struggling to maintain its value at $82,000, prompting investors to explore alternative coins that could potentially yield substantial returns.

The recent market dip has resulted in a loss of over $170 billion in the global cryptocurrency market. This sell-off occurred ahead of key economic data releases in the United States, which has influenced the overall sentiment in the crypto market. Despite the downturn, some altcoins present promising opportunities for investors if the market rebounds.

Among the altcoins to watch are XRP, Solana, and Dogecoin. XRP, currently trading around $2.16, has seen a 7% decrease in the past 24 hours. Crypto expert Ali suggests that if XRP can hold above its head-and-shoulders neckline and surpass the right shoulder, it could experience a bullish breakout, potentially pushing its price toward $5. This move could reverse the recent downtrend and offer significant gains for investors.

Solana, another top altcoin, has followed a downward trend, mirroring the broader market decline. The latest SOL price is trading at $128, marking an 8% decrease in the past 24 hours and a 20% decline over the past week. Crypto analyst Ali notes that Solana's price could experience further movement depending on its ability to hold above the $125-$110 support zone. A break below this level may lead to additional losses, while stability could support potential recovery. Speculation surrounding a possible Solana ETF and rising interest in Solana-based meme tokens may also influence market sentiment. Despite the ongoing decline, Solana remains a key altcoin to buy, with the potential for significant gains if market conditions improve.

Dogecoin, known for its volatile price movements, has been in a bearish trend recently. However, analysts are closely monitoring its price movements. Since October 2022, Dogecoin has seen three major declines, with the first two dips resulting in 64% retracements before surging by 300% and 500%. Currently, Dogecoin has retraced by 66%, raising speculation about