The crypto market is on an upswing today, with crypto prices showing early signs of recovery after recent pullbacks. Let’s take a look at what’s next for XRP, SOL, and LINK as they rebound from key levels.
Summary
- XRP price is consolidating within a descending triangle, with $2.70–$2.74 acting as critical support; a breakdown could target $2.58, while a breakout above $2.99 would shift momentum bullish.
- SOL price rebounded from the $193 level—supported by both trendline and Fib confluence—suggesting bullish continuation if it stays above this key zone.
- LINK price bounced from the $19.80–$20.10 support cluster but must reclaim $22.00 to revive its uptrend; otherwise, it risks sliding toward $18.00.
XRP price analysis
Ripple (XRP) has recently rebounded from a dip to $2.70, solidifying the $2.70–$2.74 zone as strong horizontal support. However, the broader price action is being compressed between this support and a descending trendline that has capped price since the July peak.
This structure forms a descending triangle pattern — a bearish continuation setup where lower highs consistently press price downward into a flat support base. The repeated tests of the $2.70–$2.74 band make it a critical pivot zone as a breakdown here could trigger a sharper move lower, potentially to the 0.618 Fib at $2.58, which represents the next major support level.
A breakout above the descending trendline and the 0.382 Fib at $2.99—which also coincides with the psychological $3.00 barrier—would invalidate the bearish bias of the pattern, paving the way for a potential recovery toward the $3.20–$3.40 range.
Solana price analysis
After topping out near $253, Solana (SOL) price entered a sharp correction and eventually found support around $193, which aligns with the 0.382 Fib of the previous rally as well as a rising trendline that has been respected since mid-July. What was once resistance in May has now flipped into support, adding further weight to this zone.
From there, SOL rebounded to around $210, reclaiming its 7-day SMA, which had been lost during the pullback. This recovery suggests that buyers are attempting to defend the broader uptrend.
As long as the price holds above $193, both the trendline and the Fibonacci structure continue to favor the bulls, with room for a move back toward the $220–$240 range. However, a break below $193 would weaken the bullish structure and expose SOL to deeper retracements, with the next major support lying near the 0.618 Fib at $155.
LINK price analysis
Like SOL, Chainlink (LINK) price is recovering from a steep pullback that undercut the previous swing low support and instead found footing at a deeper level, around the $19.80–$20.10 zone, which aligns with both the 0.618 Fib of the July–August rally and a former breakout level.
Following this bounce, LINK has reclaimed its 7-day SMA and is now attempting to stabilize above the $21.20–$21.40 region. However, the price remains below the broken ascending trendline that had defined the prior uptrend, which now acts as dynamic resistance around $22.00.
A push back above the trendline would signal that buyers are regaining control, potentially opening the door for a move toward the $24.00–$25.00 range. Conversely, rejection at this resistance zone and a drop back below $20 would re-expose LINK to downside risk, with the next major support resting near the 0.786 Fib at around $18.
