Crypto Market Faces Selling Waves as Ripple, Cardano and Solana Risk Extended Drop

Major alternative cryptocurrencies face mounting downside pressure as institutional outflows rise and technical indicators soften across the board.

Downside pressure across alternative digital assets intensified this week as sellers seized control across key cryptocurrency charts. Leading tokens including Ripple, Cardano, and Solana have run into corrective territory following steep losses in previous trading sessions. The combination of persistent redemptions from exchange-traded funds and weakening momentum indicators has escalated the risk of deeper retracements. Even so, broader structural floors marked by long-term exponential moving averages continue to offer critical lines of defense.

Solana Weighed Down by ETF Outflows Despite Long-Term Floor
Institutional enthusiasm for Solana has cooled noticeably in the short term, with steady redemptions driving consecutive sessions of capital flight. Data compiled by SoSoValue revealed that exchange-traded funds tracking SOL logged $4.80 million in net outflows on Wednesday alone, pushing total liquidations for the current week to $17.73 million. Following a 3% drop in the prior session, the token traded near $115 on Thursday, indicating an interim corrective phase unfolding within a broader macro uptrend.

Live tracking data places Solana around $111.35, down 4.19% from its previous settlement of $116.22, against a 52-week pricing spread of $60.41 to $124.62 and trading volume at 0.85 times its 20-day benchmark. Momentum on the daily chart has turned distinctly defensive. The Relative Strength Index sits at 46, while the Moving Average Convergence Divergence indicator reads 3.21 against a signal mark of 4.57, producing a negative histogram of -1.36. Despite this shift, structural foundations remain solid, with the 50-day EMA at $107.42 (live calculation at $107.24) and the 200-day EMA at $96.60 (live calculation at $98.07) confirming an intact golden cross.

The price band spanning $107.42 to $96.65 acts as a pivotal demand zone where technical conditions continue to favor selective accumulation over aggressive shorting. Overhead, structural resistance emerges near the September 25 peak of $122.94, followed by a major cap at the January 13 high of $148.74 if buyers attempt a broader resurgence. Near-term pivot points position daily support at $109.73 and $108.11, with resistance levels situated at $114.83 and $118.32.

Samsung Integrates Circle USDC on Solana for Galaxy Users
Amid the prevailing market caution, an important technological development emerged regarding ecosystem adoption. Samsung revealed a formal partnership with Solana designed to bring Circle's dollar-backed stablecoin, USDC, directly onto Galaxy smartphones in the United States. Aimed at streamlining international money transfers, the cross-border remittance functionality will be built natively into Samsung Pay and Samsung Wallet. The feature is set to reside within the primary interface currently utilized for storing digital boarding passes and payment cards.

Ripple Confronts Moving Average Support Amid Cooling Demand
The cross-border payments asset Ripple hovered around $1.40 on Thursday after stabilizing near $1.4100 on Wednesday, following an earlier 5% slide. The token is actively challenging both its 50-day and 200-day EMAs, which converge tightly at $1.4000 and $1.4018. A decisive breakdown under this technical intersection risks extending the downward leg toward the September 16 low of $1.2468, representing an estimated 10% slide. A more pronounced sell-off could subsequently seek support around the July 21 inflection point of $1.1646.

Conversely, a successful defense of the 200-day moving average could catalyze a rebound toward the August 22 peak at $1.6999. On the institutional front, XRP-backed funds recorded flat flows on Wednesday following a modest $3.14 million allocation the prior day. These figures reflect a sharp deceleration from the $75.59 million influx logged in late September, highlighting diminished institutional appetite. Daily momentum indicators echo this hesitation, with MACD sliding beneath its signal line and RSI slipping to 44. Concurrently, derivative metrics and macroeconomic headwinds continue to weigh heavily on both Ripple and Stellar, which have retreated toward key support thresholds after logging three straight daily declines.

Cardano and Zcash Struggle Under Persistent Bearish Signals
Cardano has encountered renewed selling friction following a 4% decline in the previous session, placing direct strain on its 200-day EMA near $0.2423. However, with the 50-day EMA positioned at $0.2282 and the 200-day EMA at $0.2424 below current pricing, the overarching multi-month uptrend technically remains undamaged. A confirmed breach beneath $0.2282 could expose the 50% Fibonacci retracement level of the move from $0.3136 to $0.1385, situated around $0.2084. Technical readings reflect fading bullish pressure as RSI drops to 56 and MACD dips beneath its signal line.

In parallel developments, privacy-oriented Zcash has slipped under the $1,300 mark, stretching a ten-day decline away from its September 27 peak of $1,698. Outflows from Grayscale's ZEC fund remained steady, with $8.49 million exiting on Wednesday to signal subdued market appetite in the wake of its recent corporate stock split.

What this means for you
The sudden wave of institutional redemptions and technical corrections directly influences retail crypto portfolios and mobile payments.

• Portfolio Exposure: Heightened selling across altcoins increases downside exposure for short-term market participants. Breaching critical support markers at $107 and $1.40 could trigger wider protective stop-loss cascades.
• Mobile Payments: Galaxy smartphone owners will soon gain access to seamless digital dollar transfers directly through their mobile wallets. This eliminates conventional remittance intermediaries for everyday USDC cross-border settlements.
• Institutional Flows: Continued redemptions from spot crypto funds indicate institutional investors are currently adopting a defensive posture. Retail traders may need to wait for fund flows to stabilize before expecting sustained rallies.
• Privacy Token Strain: Prolonged multi-day pullbacks in privacy assets like Zcash highlight shrinking liquidity across niche digital assets. Ongoing fund outflows signal that sustained recoveries could take longer to materialize.

Why this happened
The current downturn across altcoins is primarily driven by accelerating institutional fund redemptions, weakening momentum readings, and deteriorating derivatives sentiment.

• Sustained ETF Redemptions: Institutional products tracking assets like Solana and Zcash experienced significant capital outflows this week. Solana vehicles alone recorded $17.73 million in withdrawals within a matter of days.
• Technical Breakdown: Momentum indicators such as the daily RSI and MACD flashed bearish crossovers across multiple major charts. These technical signals prompted automated strategies and short-term traders to scale back exposure.
• Derivatives Deterioration: Broad macroeconomic uncertainties combined with softening derivatives demand weighed down tokens like Ripple and Stellar. This resulted in three consecutive days of losses and tested crucial moving average supports.

Questions & Answers

1. How much capital has exited Solana ETFs this week?
According to SoSoValue data, Solana ETFs registered $4.80 million in outflows on Wednesday, bringing weekly redemptions to $17.73 million.

2. What is the focus of the Samsung and Solana partnership?
Samsung partnered with Solana to integrate Circle's USDC stablecoin into Samsung Pay and Samsung Wallet on US Galaxy devices for international remittances.

3. What key price levels are critical for Ripple right now?
Ripple faces critical support at its 50-day and 200-day EMAs around $1.4000 and $1.4018, with a breakdown opening the door to $1.2468.

4. What does Cardano's technical setup indicate for its long-term trend?
With Cardano's 50-day EMA at $0.2282 and 200-day EMA at $0.2424 sitting beneath price action, its broader multi-month uptrend remains structurally intact.

5. How significantly has Zcash fallen from its recent peak?
Zcash dropped below $1,300 after falling consecutively over the past 10 days from its September 27 high of $1,698.

https://trendkia.com/en/crypto/kripto-bajara-men-bikavali-ka-dabava-barha-ripple-cardano-aura-solana-men-giravata-ka-jokhima-44839
TrendKia — Har trend, sabse pehle.