Solana News Today: XRP Falls 9% as Solana Gains 3.65% and Cardano Drops 3.68% Amid Market Uncertainty

Top alternative cryptocurrencies, including XRP, Solana (SOL), and Cardano (ADA), have displayed divergent signals this week, fueling uncertainty among traders ahead of potential market shifts in the coming days. Analysts and market observers are closely monitoring price movements and volatility patterns for these assets, with key technical levels highlighted as critical benchmarks.

XRP, currently valued at $3.18, has retained its position within a massive $188 billion market cap despite a 9% weekly decline. The short-term stability of the asset has offered some reassurance, yet recent price retracements suggest profit-taking activity following its multi-week rally. Analysts note that a sustained close above $3.00 could trigger a rebound toward $3.45, while failure to defend this level might lead to a decline toward $2.85. The cryptocurrency’s performance will likely hinge on broader market dynamics and potential ETF-related news [1].

Solana (SOL) has shown resilience, trading at $186.89 with a 3.65% gain over seven days. Although hourly and daily volatility has created short-term fluctuations, the asset remains above the critical $180 threshold. Growing institutional interest and speculative discussions around ETFs have bolstered bullish sentiment. Analysts predict that a retest of the $190 level could catalyze a push toward $210, provided momentum holds [1].

Cardano (ADA) has remained relatively stagnant at $0.8216, recording a 3.68% weekly drop. While the asset lacks the immediate momentum of XRP or SOL, it continues to anchor long-term investor portfolios. A key resistance point near $0.88 is seen as a pivotal level for ADA; breaking through this could spark a gradual climb toward $0.95, contingent on increased trading volume [1].

Price outlooks for the week ahead reflect cautious optimism. XRP is anticipated to trade within a $2.85–$3.45 range, with market stability and regulatory developments influencing its trajectory. Solana faces a pivotal test: a retest of $190 could unlock a bullish breakout to $210. Cardano, meanwhile, is expected to consolidate in a sideways pattern, with a potential upward shift if it clears the $0.88 level [1].

The broader market remains cautiously optimistic, driven by steady trading volumes and speculative activity. As these altcoins navigate technical and market-driven challenges, next week could serve as a bellwether for August’s overall crypto landscape.

Source: [1] [Latest Crypto Price Prediction: XRP, Solana and Cardano for Next Week] [https://coinmarketcap.com/community/articles/688615e7f196495074ef7a3c/]