Bitcoin and Ethereum continue to trade sideways, but some altcoins are starting to move. Gareth Soloway, Chief Market Strategist at Verified Investing, has outlined price levels for XRP and Solana that could guide the next phase of market action.
XRP has climbed above a descending trend line that has limited price action since its last major peak. The move is proof that the token may be gaining momentum, though confirmation is still needed. Support sits near $2.75 to $2.76. As long as the price remains above that level, the technical setup points higher.
On the upside, XRP faces resistance around $3.30. If it clears that barrier, the next target sits near $3.67 to $3.68. The analyst views this as a test of whether the token can build a sustainable rally.
At the time of writing, XRP is trading at $2.95 and the token has gained 5% in the last week.
Solana has also pressed higher. The chart shows resistance at $220 to $221. A break above that range could open a move toward $295 to $300. The token has been testing this zone repeatedly, a sign that pressure is building.
Solana is currently trading at $218 after a 3% weekly gain.
Avalanche is another altcoin forming a bullish pattern. If it breaks above $26.25 to $26.30, Soloway sees potential for a run toward $35.
The broader setup suggests altcoins may lead the next leg of activity while Bitcoin and Ethereum remain capped. Soloway said that the current signals do not point to the explosive rallies of past cycles but could deliver steady gains in the range of 25% to 50% for select tokens.
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