XRP, Solana, Tron Price Analysis: 4 December
While the global crypto market hits the $2.2 trillion mark, altcoins like XRP, Solana, and Tron noted over 15% losses in the past 24 hours.
Consequently, the bearish thrust led XRP and Tron’s price action to poke their four-month low on 3 December. Further, Solana touched its six-week low on the same day.
XRP
Source: TradingView, XRP/USDT
After striking its two-month high on 10 November, XRP correlated with the market trend by steadily declining since then. Post an up-channel breakdown, XRP price action marked a falling broadening wedge.
Since then, the bulls retested the upper trendline multiple times but failed to propel an upswing. As the bears induced a massive sell-off, a further breakdown occurred, resonating with the broader trend.
XRP
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