The crypto market is showing early signs of recovery today as prices attempt to rebound from recent pullbacks. Attention has shifted to three mid‑cap tokens — XRP, Solana (SOL) and Chainlink (LINK) — where key support and resistance levels will determine whether the short-term bounce turns into sustained rallies or fresh selloffs.
XRP is consolidating inside a descending triangle after failing to sustain the July highs. The $2.70–$2.74 band has held as critical horizontal support following a recent dip to $2.70. Continued tests of that zone make it a pivotal pivot: a breakdown below it could target the 0.618 Fibonacci level near $2.58 and reinforce the bearish continuation implied by the triangle. Conversely, a clean breakout above the descending trendline and through the 0.382 Fib at $2.99 — close to the $3.00 psychological level — would shift momentum back toward bullish targets in the $3.20–$3.40 area.
Solana (SOL) reversed from a correction that peaked near $253 and found footing around $193. That level lines up with the 0.382 Fib of the prior rally and a rising trendline respected since mid‑July, creating a confluence support zone. Holding above $193 would support a bullish continuation scenario; a failure to do so would open the door to deeper retracements. Traders will be watching volume and whether buyers can push SOL back toward recent highs.
Chainlink (LINK) has bounced off a $19.80–$20.10 support cluster, but upside remains capped until the $22.00 area is reclaimed. Closing and holding above $22 would help revive the prior uptrend; failure to clear that level risks a slide toward roughly $18.00 as sellers regain control.
What to watch: Across the board, market participants should monitor follow‑through volume, macro cues and behavior in Bitcoin and Ethereum, which often set broader risk appetite for altcoins. Key horizontal supports and Fibonacci confluence zones are defining short‑term risk/reward for XRP, SOL and LINK — traders should size positions and manage risk around the levels outlined above.
