Top Altcoins Price Forecast: Persistent selling pressure drives further losses in Ripple, Cardano and Solana

• $1.3000 gives way as Ripple slips lower on Tuesday. A bearish break below support at $1.2941 remains a risk.
• Persistent selling takes Cardano down to $0.20, wiping out the previous day's modest rebound.
• A sixth consecutive day of losses leaves Solana at risk of breaking below its 200-day EMA at $98.28.

$1.2941 is the support floor under test for XRP. Heavy selling continues across leading altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), adding to the previous week's losses. ADA faces the prospect of further declines, while SOL struggles around $100. 

$1.2941 Support at Risk for Ripple

At $1.2965 at press time on Tuesday, Ripple retains a bearish short-term outlook. The 50-day Exponential Moving Average (EMA) at $1.3600 and the 200-day EMA at $1.3742 remain well above XRP's price.

Failure to hold above the recent trading range highs has left the price retreating towards support at $1.2941, established by the 15 June high. Should a break below that level be confirmed, losses could deepen towards $1.1866, the 8 June high.

At 40, the Relative Strength Index (RSI) points to modest selling pressure, rather than outright oversold conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) is marginally negative, indicating weak bearish momentum.

A move back above the 50-day EMA at $1.3600 is needed for XRP to soften its bearish bias and pave the way for a more constructive recovery. The 200-day EMA at $1.3742 presents a stronger obstacle.

$0.2000 in Focus as Cardano's Decline Continues

Following three consecutive lower closes, Cardano trades just above $0.2000 with its short-term outlook still tilted downwards. Having broken below the former rising support trendline around $0.2398, ADA remains beneath its 50- and 200-day EMAs, at $0.2240 and $0.2434 respectively.

Persistent downward pressure is signalled by the MACD and its signal line, both below zero. On the daily chart, the RSI stands at 35, just above oversold territory.

The 30 August low at $0.1894 could become the next downside target if a break below $0.2000 is sustained. A steeper retreat could bring the 28 July low at $0.1533 into view.

Any advance first faces resistance at the 50-day EMA near $0.2240. Beyond that lie the reclaimed trendline around $0.2398 and the 200-day EMA at $0.2434. Together, these levels form a concentrated supply zone that buyers would have to clear to improve the outlook.

$100 Level at Risk for Solana

Below $100 at press time on Tuesday, Solana is on course for its sixth consecutive day of losses. With the 50-day EMA at $105.72 overhead, SOL is testing support at the 200-day EMA at $99.15. Sustained daily closes beneath this long-term moving average could bring a test of the rising support trendline at $86.87.

The RSI is edging towards oversold territory near 33, while the MACD sits below its signal line in negative territory. Both indicate that downward pressure remains dominant.

For a recovery, the first hurdle is the 50-day EMA at $105.72. A substantially higher horizontal resistance level lies around $122.94, near the 25 September high.

(An AI tool assisted in preparing the technical analysis in this article. Learn more.)