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After a prolonged market decline spanning a month, Crypto investors are anticipating brighter price prospects come February 2024. This article delves into the price forecasts for top crypto coins such as Ripple (XRP) Solana (SOL).

In the meantime, Pullix (PLX), a fresh contender, is making strides in its ongoing Stage 7 presale, edging closer to achieving $5 million in funding milestones. Should it deliver as expected, experts predict that the native PLX token could evolve into a 30x token by 2024.

Solana (SOL) Struggles to Sustain Above It’s $100 Price

Solana’s token continues to grapple with reclaiming the $100 threshold this month, signifying an increasing bearish influence in the market. At the beginning of 2024, Solana price traded within the $100 to $108.18 range in a confined space. Amidst growing market volatility, the bulls momentarily broke through the resistance level but faced rejection at $117, resulting in a short-lived rally.

Consequently, the price lost momentum, and the bears retracted it within the established range.  Despite attempts to break out, the bulls couldn’t sustain the price above $100, resulting in a breakdown. After a 15% correction, the market regained momentum briefly, with a 32.5% gain, but the price of Solana is now stuck between $90 and $100, reflecting weak sentiment.

Analysts Anticipate a Bullish Surge for Ripple (XRP)- Can It Surpass the $1 Threshold?

As FTX offloads $1 billion worth of GBTC, the market experiences heightened outflows, intensifying the impact of the overall slowdown. In the midst of this deceleration, XRP faces a decline, signaling a potential breakdown that could lead to a reversal of the prevailing trend, causing the price to drop below $0.50.

While this could set a bearish tone for Ripple in the upcoming week, the revelation from Blackrock stating no intentions for a Ripple Spot ETF might have a more significant impact.

Currently, the XRP price maintains dominance above the psychologically crucial $0.50 mark, showcasing a bullish struggle to sustain the uptrend. Moreover, as the market approaches the Bitcoin Halving event in April 2024, the altcoin season looms nearer. Thi

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Author: Crypto Daily

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