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Ripple, Solana & Crypto – European Wrap 8 July

Ripple, Solana & Crypto – European Wrap 8 July

Ripple (XRP) continues to trade under heavy selling, trading below $1.10 at the time of writing on Wednesday. The remittance token marks four consecutive days of declines,  weighed down by geopolitical tensions and significantly low risk appetite.

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Solana (SOL) price is down 3% on Wednesday, extending a bearish reversal after an overhead trendline capped the previous week’s recovery. Institutional inflows eased to $1.67 million on Tuesday, while declining Open Interest and fluctuating funding rates indicate mixed retail demand. The technical outlook for SOL indicates a bearish bias, with a risk of a decline of over 20% if price clears below the 50-day Exponential Moving Average (EMA) at $76.67.

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Cryptocurrencies are broadly extending…

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