In the past 24 hours, three popular digital currencies Ripple (XRP), Solana (SOL), and Cardano (ADA) have each faced around a 6% price decrease. This drop happened amidst major economic pressures such as unclear US government policies, concerns about tariffs, and a less than expected interest rate reduction by the Federal Reserve in 2025, affecting the cryptocurrency market. Analyzing Ripple’s price, it is currently below its important support level, with the next closest support level around $1.60. The overall market structure still appears bearish. Solana’s price has decreased over 8% in the past week and now sits in a crucial support range between $100 to $110. If this area is not maintained, a further drop to even $50 is possible. Cardano’s price has also dropped about 6% in the last 24 hours and over 23% in a two-week period. The RSI indicator suggests nearing oversold territory, but further price decreases are still possible. The current price is below the 21-day moving average, indicating a continued downward trend.
