- XRP prepares for fight
- Solana can smell $200
With its recent all-time high of almost $112,000, Bitcoin has sent the market into a state of euphoria. The top cryptocurrency, however, is now displaying signs of exhaustion at the same rate that it rose, with a possible reversal emerging on the daily chart. Long upper wicks on the most recent candlesticks indicate rejection from higher levels.
Already the price has fallen below $110,000, and the volume is beginning to decrease. There may be an impending deeper correction as the Relative Strength Index (RSI) is trending lower from overbought levels above 70. Bitcoin might return to the $102,000 breakout point if it loses $107,000-$108,000. If that support were broken, the bearish momentum would probably get stronger. The technical risk is compounded by a major macroeconomic development.
On June 1, 2025, a new 50% tariff on goods imported from the EU is scheduled to go into effect. The action aims to address alleged trade imbalances and may spark a round of economic reprisals from EU countries. This increases the level of uncertainty for global risk assets such as cryptocurrency and raises the possibility of capital flight from unstable positions.
BTC/USDT Chart by TradingView
A tariff war, however, might harm liquidity and halt institutional appetite in this situation. Bitcoin may not be safe from geopolitical pressure if capital moves into safer asset classes or if conventional markets falter. In fact, it might be particularly susceptible to a steep correction given the speculative nature of its current rally.
A steep pulldown could be triggered by a weakening trend dropping volume and increasing trade-related macro tension. Traders should closely monitor the $102,000 level because a crash landing could end the post-ATH party if it breaks.
XRP prepares for fight
As Bitcoin continues to take center stage and advance into new markets, XRP seems to be falling behind, not keeping up with the general optimism that is propelling the cryptocurrency market. Although the price of XRP has technically recovered its key exponential moving averages and broken out of its descending channel, the momentum has stalled, particularly in contrast to Bitcoin’s spectacular rally.
With bullish structure still present, albeit marginally, XRP is currently trading close to $2.45 and has established a local support zone between $2.30 and $2.35. Although the price action has moved above the 100- and 200-day EMAs, it is still erratic and cautious. With the RSI hovering around neutral, there is little indication that a breakout push is imminent. Moreover, volume levels have not encouraged a long-term rally.
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The increasing market dominance of Bitcoin is one of the main factors hurting XRP. As Bitcoin’s dominance grows, altcoins are losing money. Bitcoin usually becomes the main force behind cryptocurrency capital flows during times of high dominance, leaving altcoins like XRP to struggle for inflows. The reason why XRP can hardly sustain post-breakout gains while Bitcoin is easily exploring price discovery around $111,000 is due to this dynamic. There is pressure on the altcoin market as a whole as well.
A lot of layer 1s and DeFi tokens are trailing behind, failing to hold breakouts or acquire traction. With its regulatory baggage and erratic on-chain metrics, XRP is not positioned as a top beneficiary in the current risk-on cycle, and Bitcoin’s gravitational pull is stifling the alt season narrative. XRP might keep lagging unless BTC levels off and dominance declines. For the time being, XRP is still on the sidelines of the bull market party, but that could change with a strong volume surge and a reclaiming of $2.60.
Solana can smell $200
As the price of Solana rises to $186 and approaches the psychologically significant $200 mark, it is clearly demonstrating renewed momentum. The asset has recently confirmed the strength of the local uptrend by breaking out of a short-term consolidation pattern. More significantly, if the right circumstances materialize, technical indicators are beginning to flash signals that could support the next leg upward.
The 26-day EMA crossing above a number of significant moving averages, such as the 50 and 100 EMAs, is among the most telling developments. Despite not being a golden cross in the conventional sense, this crossover is nevertheless a significant indication of growing local momentum. It displays short-term strength and heightened bullish interest, which may serve as the basis for a long-term rally toward $200.
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The larger context adds some caution even though the short-term outlook seems bright. The 200 EMA, in particular, and the longer-term moving averages are still well below the current price movement. The bullish structure will stay locally confined until these lagging indicators start to turn upward and close the gap with the spot price. Additionally, volume patterns support the breakout.
Solana is just beginning what could be a long-term breakout if local momentum keeps increasing. The $200 goal is easily attainable, but longer-term support catching up will determine whether SOL can maintain its position above it. Until then, traders should avoid chasing a move that is still maturing by closely monitoring volume and trend confirmation.
