Crypto Market Update: Aptos, Ripple, and Solana in Focus
Last week, cryptocurrency prices saw mixed trends. President trump’s tariff announcement and Fed Chairman Powell’s stagflation warning affected the market. Bitcoin (BTC) stayed between $82,000 and $85,000, with the total market cap slightly dipping to $2.65 trillion. this week, Aptos (APT), Ripple (XRP), and Solana (SOL) are key players to watch.
Aptos has faced a tough year, with its price falling from $15.32 to $4.70. The crypto crash and token unlocks contributed to this decline. Aptos has a circulating supply of 604 million out of a total of 1.14 billion. Monthly, 11.3 million tokens are unlocked. The next unlock, worth $52 million, is on Saturday. If Aptos breaks below its current support level, it could fall below $4. Though, a rise above the 50-day moving average at $5.80 would signal a bullish turn.
XRP is also in focus due to its technical chart. It traded at $2.10, just above a key support level of $1.9325.This level is part of a head and shoulders pattern. If XRP drops below $1.9325, it could fall to $1.5370, a 26% decrease from its current price.
Solana, a popular layer-1 network, reached a crucial support level of $115, its lowest since March. It’s forming a double-bottom pattern with a neckline at $147.18. If Solana breaks below $115, it could fall to $100. Though,staying above this level could signal a bullish reversal.
