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he crypto market extended its recovery on Sept. 19, with Bitcoin above $81,000 and total market capitalization near $2.87 trillion. XRP, Venice Token and Solana all traded near technical resistance after strong rebounds.
XRP traded around $1.43-$1.44, Venice Token reached a record $29.40, and Solana held near $112. Their charts showed improving momentum, although the technical targets remain conditional on resistance levels holding or breaking.
XRP Price Prediction: Golden Cross Keeps $1.70 in Focus
Ripple (XRP) price has done well in the past few months, moving from the year-to-date low of $0.9848 to the current $1.4166. It peaked at $1.6972, its highest level on August 22nd this year.
The token has risen because of the ongoing crypto market comeback and the ongoing ETF inflows, which have added over $9.56 million in inflows. Their accumulated inflows since their launch were $1.7 billion, with its total assets under management (AUM) being $1.51 billion.
XRP price has also jumped as the Ripple USD (RLUSD) stablecoin growth has accelerated, with its market capitalization rising to over $2.4 billion.
Technicals suggest that the token has more upside to go in the near term. It has formed a bullish flag pattern, which is made up of a vertical line and a descending channel. Most recently, the token formed a morning star candlestick pattern, which normally leads to a reversal.
Most notably, the coin formed a golden cross pattern on September 1 as the 50-day Weighted Moving Average (WMA) rose above the 200-day one. This extremely rare pattern often leads to a strong bullish breakout, confirming that bulls have prevailed.
Therefore, the path of least resistance for the token is upward, with the next key target at $1.6972, its August high, up 20% from the current level. A drop below the support level of $1.2340 will invalidate the bullish outlook.
XRP price chart | Source: TradingView
Venice Token Price Forecast
Venice Token is doing well because of the ongoing artificial intelligence (AI) boom and its continued token burning. It has burned VVV tokens worth over $682k this month, meaning that it will pass the $702k it burned last month.
Technicals suggest that the Venice Token has more upside to go in the near term. It has formed a break-and-retest pattern, by moving back to the crucial support level of $21.4, its highest level in June this year. This pattern often leads to more gains over time.
The token has remained above all moving averages and the Supertrend indicator. It is also attempting to move above the crucial resistance level of $29.1, its previous all-time high. A move above that level will point to more gains, potentially to the psychological level of $35.
Solana Price Prediction: Technical Analysis
SOL price has been in a strong upward trend in the past few months, rising from a low of $60 in June to the current $112. It formed a golden cross on August 24. Most recently, it formed a bullish flag pattern and has now moved above its upper side of $112.
These technicals suggest that the token will continue rising in the near term, with the next key target being the psychological level of $150. This price is about 34.5% above the current level.
Solana token is benefiting from the continued growth of its ETF inflows. Its inflows soared by over $28 million this month, its third consecutive month of positive gains. These funds now hold over $1.63 billion in assets. Also, the total DEX volume have soared to $80 billion in the last 30 days.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments involve risk, and past performance does not guarantee future results. Readers should conduct their own research before making investment decisions.
