A well-known crypto strategist, who is recognized for accurately predicting Bitcoin (BTC) and altcoin movements, has expressed concern about the current situation of XRP. The coin is struggling to maintain its position above a crucial price level.
The analyst, who goes by the pseudonym DonAlt, informed his 640,100 followers on the social media platform X that XRP has lost its immediate support at $2.95 after the marketwide sell-off on Saturday. According to DonAlt, XRP must recover this critical area, otherwise the altcoin will face further downward price movement.
“At support right now. It would be preferable if it rebounded this weekend; otherwise, we might experience some short-term pain.”
Source: DonAlt/X
Based on the trader’s chart, it appears that XRP could potentially decline to $2.72 if it fails to reclaim $2.95 as support. As of now, XRP is valued at $2.93, representing a decrease of over 4% for the day.
In regards to Bitcoin, DonAlt states that BTC seems to be holding strong despite President Donald Trump’s threats to impose significant tariffs on foreign nations exporting products to the US. The analyst believes that tariffs bring uncertainty to an already volatile crypto market.
“When BTC moves down 1%, everything else in the market tanks. BTC itself still seems stable, but it is concerning that we are once again back at this support level. Considering the economic challenges Trump is causing, I am surprised that BTC hasn’t experienced a more significant drop.”
Source: DonAlt/X
According to the trader’s chart, it is predicted that BTC will decline to its support level at $99,000 while continuing to respect the resistance at $106,222. At present, BTC is valued at $101,342.
Shifting focus to the layer-1 protocol Solana (SOL), DonAlt believes that the altcoin is preparing for a sustained surge to new record highs, despite struggling to break through the resistance at $250.
“SOL: Weaker and weaker rejections off of the previous all-time high ($250). Not a bad chart… It starts to look quite promising as soon as it starts closing at new highs, and the likelihood of that happening increases with each test at $250.”
Source: DonAlt/X
Based on the trader’s chart, it is suggested that the next support level for SOL is at $190. Currently, SOL is trading at $217.
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Generated Image: Midjourney
