Ripple, Cardano and Solana Price Forecast: Top Altcoins Stem Losses as Exhaustion Signals Emerge

• $1.05 is Ripple’s trading level on Thursday, following a decline of roughly 20% over the last seven days.
• $0.1712 remains a crucial support floor for Cardano as selling pressure eases.
• $83 holds beneath Solana’s consolidation, while bears target the next support near $77.60.

0.4% was October’s hot CPI reading, above the 0.3% market forecast. Markets appear to have priced in the data, with leading altcoins Ripple (XRP), Cardano (ADA), and Solana (SOL) stabilising on Thursday. Their pause interrupts the prevailing decline associated with strong US inflation figures and the period following the US midterms.

Attention now turns to Friday’s October US Producer Price Index (PPI) release. With US commodity inflation projected to increase by 0.4% month-on-month, an above-forecast reading could put further pressure on November’s Consumer Price Index (CPI).

Should October PPI come in hot, as US CPI did, crypto selling pressure could intensify and concerns over a 50-basis-point (bps) rate hike could grow. According to the CME FedWatch Tool, the probability of a 25-basis-point rate hike from the current 3.75%-4.00% range stands at 91%.

Despite that uncertainty, technical indicators for XRP, ADA, and SOL point to consolidation. This could establish a base for a rebound if uncertainty across the wider market subsides.

$1 defence in focus: XRP technical analysis

After losing roughly 20% over the last seven days, Ripple is pausing above the psychological $1.0000 level. A downward slope in both the 50-day and 200-day Exponential Moving Averages (EMAs), at $1.2746 and $1.3421 respectively, reinforces the bearish trend.

A descending trendline near $1.3313 continues to constrain the pair’s broader structure. Horizontal resistance at $1.0692 adds to immediate upside pressure. An uptrend can only be re-established if XRP regains these barriers.

Weak momentum persists. The Relative Strength Index (RSI) sits near 24 in oversold territory, while the Moving Average Convergence Divergence (MACD) line is falling into negative territory. Together, they indicate that the downside bias remains intact.

Below $1.0000 remains the path of least resistance for XRP, with support at $0.9862, the annual low recorded on 14 August, as the target.

$0.1712 support in focus: Cardano technical outlook as selling pressure eases

Following losses of roughly 35% over the last six weeks, Cardano is holding above $0.1712 support on Thursday in a short-term pause. ADA’s decline leaves it well below the 50-day EMA at $0.2054 and the 200-day EMA at $0.2245. It also remains beneath former rising trendline support, which now acts as resistance near $0.2069.

If ADA sustains a break beneath $0.1712, its losses could deepen towards horizontal support at $0.1537, established by the 27 July low.

Signs of momentum exhaustion are emerging. The RSI has flattened around 31, just above the oversold band. Meanwhile, the MACD is converging with its signal line and the histogram is shrinking towards zero, suggesting that downside pressure is easing.

On a recovery, the first resistance lies at the $0.1894 horizontal level. Beyond that, a heavier supply zone combines the 50-day EMA at $0.2054 with the breached rising trendline near $0.2069.

$83.31 under pressure: Solana technical analysis

At press time on Thursday, Solana is trading at $83.31. Its bearish phase continues beneath a tight overhead resistance zone formed by the 50-day and 200-day EMAs near $98.40 and $98.74, respectively. The 50-day EMA is also close to crossing below the longer-term EMA. Known as a Death Cross, this pattern could confirm a bearish trend reversal.

Oversold conditions are evident in the RSI reading of 23. Yet the MACD is still below zero, signalling that downside momentum retains control even as the downtrend looks overextended.

For SOL, the first horizontal support lies around $77.60. A confirmed break below that floor could open the way to further declines towards support at $67.50 and $60.13.

Any recovery would first encounter resistance at $87.46. Additional barriers lie at the breached trendline near $91.05 and the horizontal resistance level of $95.82.

(The technical analysis of this story was written with the help of an AI tool. Know more.)