Closely followed crypto analyst Jason Pizzino is warning that XRP and other top altcoins most likely have further to fall.
In a new post to the social media platform X, Pizzino tells his 131,000 followers that, despite being down 20% in the last month, XRP’s skid is not finished.
Says Pizzino,
“XRP breaking 50% fib pre-US open. My next price target is still ~$1.40”
XRP is worth $1.87 at time of writing, down 12% in the last week.
Turning to layer-1 smart contract platform Solana (SOL), Pizzino refers to the 3-bar rule – which aims to spot trend reversals or continuations based on the behavior of the previous three closing prices – to suggest a Solana crash to $60.
“The first 3-bar rule signaled in November 2024. The second signaled in January 2025.
Now SOL is sub $100 for the first time in over 12 months.
Next price targets are $80 then sub $60 which would be an 80% decline. Not out of the ordinary for a major altcoin correction.”
SOL is trading for $106 at time of writing, down 16% in the last week.
Looking at the Solana rival Ethereum (ETH), Pizzino again predicts more pain for the largest altcoin by market cap.
“Ethereum ~$1500 target hit and being tested. If this fails, the next price target is ~$1200.”
Ethereum is also down 16% in the last week, trading for $1,574 at time of writing.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Philipp Tur
Credit: Source link
