XRP: Short-Term Consolidation
On the weekly chart, after breaking above the upper edge of the Descending Triangle pattern, the price is consolidating at the January 2025 high region (equivalent to the $3-3.40 region).
Additionally, the price is hugging the Upper Band of the Bollinger Band, while the MACD indicator continues to point upward after providing a buy signal, indicating that the mid-term uptrend remains intact.
XRP chart for 2024 – 2025 – Source: TradingView
Switching to the daily chart, the XRP price successfully retested the 50-day SMA amid a narrowing gap between the MACD and the Signal line. A renewed buy signal from this indicator would bolster the bullish outlook.
Furthermore, the golden cross between the 50-day SMA and the 200-day SMA, which occurred in July 2025, adds weight to the argument for continued upside momentum.
Given these technical factors, I anticipate that XRP will continue to consolidate at the aforementioned January 2025 high region ($3-3.40). However, should the price decisively surpass this zone, the uptrend is likely to gain more solid footing, with the next potential price target being the Fibonacci Projection level of 78.6% ($3.80-$3.90).
XRP chart for 2024 – 2025 – Source: TradingView
SOL: Consolidation Persists
On the weekly chart, SOL began to show signs of weakness as it approached the March 2024 high region (roughly $190-$210) and has been oscillating around the Middle Band of the Bollinger Bands.
Moreover, the ADX indicator remains below the 20 level, suggesting that the mid-term trend is relatively weak, and that the sideways price action with interspersed bullish and bearish sessions is likely to persist.
SOL chart for 2024 – 2025 – Source: TradingView
On the daily chart, following a pullback from the upper edge of the Rising Wedge pattern, the price is retesting the cluster of the 50-day SMA and the 200-day SMA.
The Stochastic Oscillator has provided a buy signal in the oversold region, indicating that the downside risk has diminished considerably.
In conclusion, based on these technical factors, I believe that SOL is undergoing a short-term corrective phase. Traders should refrain from initiating new positions in this region and instead await more conclusive technical cues.
SOL chart for 2025 – Source: TradingView
Technical Analysis Team, Advisory Department, Vietstock
– 10:07 11/08/2025
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