XRP Drops 3%, Solana 2% in Healthy Pullback—Bitcoin Still Eyes $112K Breakout

币界网报道:XRP dipped 3% while Solana saw a 1% decline in a market-wide pullback that analysts describe as healthy consolidation after recent rallies. The broader crypto market experienced slight corrections, with Bitcoin and Ethereum also retreating from recent highs. Market observers note this cooling-off period follows substantial gains across major assets, suggesting normal profit-taking rather than bearish sentiment. Technical indicators show key support levels holding for both XRP and SOL, with traders watching the $0.50 zone for XRP and $90 for Solana as critical thresholds. The pullback coincides with reduced trading volumes typical of weekend markets, though derivatives data reveals maintained open interest, indicating traders aren't exiting positions en masse. Analysts highlight upcoming macroeconomic events, including US inflation data and Fed commentary, as potential catalysts for renewed volatility. Meanwhile, network activity remains robust for both protocols - XRP ledger records steady payment flows while Solana's DeFi TVL holds above $1.5B despite price dips. Some strategists view this retracement as a buying opportunity given the strong fundamentals, particularly Solana's thriving NFT ecosystem and XRP's cross-border payment adoption. The market's measured retreat contrasts with sharper declines seen in previous cycles, suggesting maturing investor behavior in the crypto space.

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