Bitcoin, Ether, XRP and Solana: Likely Trading Paths for the Day

ETH Follows BTC’s Counter-Trend Channel as XRP Tests $2 Support and SOL Stalls

BTC
Bitcoin is navigating a counter-trend rising channel on the hourly chart within a larger bearish framework, keeping price action at a delicate balance. A decisive break above $96,500, where the channel top aligns with the broader downtrend, would shift momentum toward a medium-term uptrend.
Weekly signals reinforce this view, with repeated defenses of the 100-week SMA suggesting sellers are losing steam and the risk of a bullish reversal is rising.

ETH
Ether mirrors Bitcoin’s setup, trading inside a rising counter-trend channel while remaining under the pressure of a broader downtrend. A break above $3,200—the channel’s ceiling—would confirm bullish momentum and open the path to $3,620, the Nov. 10 lower-high resistance.
Failure to hold the channel would reassert downside risk, with $2,630 acting as the next key support. $3,200 remains the pivotal level for determining direction.

XRP
XRP is testing the crucial $2 support again, a level that has repeatedly absorbed selling pressure this year, as seen in long-wicked weekly candles. Momentum remains bearish, with declining 5- and 10-week SMAs.
A break below $2 could trigger capitulation, targeting $1.63, the 61.8% Fibonacci retracement of the 2024–2025 rally. Conversely, consecutive daily closes above $2.30 would break the pattern of lower highs and signal a bullish recovery.

SOL
Solana remains range-bound, trading between $145 resistance and $120 support, currently near $134.
Without clear directional momentum, the next move depends on a breakout from this consolidation. An upside breach could target $160, while a breakdown would extend the prevailing downtrend.