Solana (SOL) and XRP are consolidating near key technical levels as traders await the February U.S. employment report, a major macroeconomic event that could shift risk sentiment across crypto and broader markets.
Solana (SOL) is trading near $91 after recovering from an early-February dip toward $70. Technical indicators suggest gradual accumulation, with the Accumulation/Distribution line trending higher and the Bull Bear Power turning positive, signaling improving bullish momentum. Resistance sits near $95, with a stronger breakout potentially reaching $100, while support levels are at $85 and $80–$78 if selling pressure returns.
XRP is moving sideways around $1.42 after a prolonged decline from near $2. Indicators like the Awesome Oscillator and Chaikin Money Flow suggest bearish momentum is fading. If buying strengthens, XRP could test resistance at $1.50 and potentially $1.60, with downside support at $1.35 and $1.25.
The U.S. nonfarm payrolls report will be a key catalyst: stronger-than-expected employment data may reinforce expectations of prolonged Fed rate hikes, putting pressure on risk assets, while weaker data could encourage rate cuts and potentially boost crypto demand. Both tokens’ next moves will likely hinge on the market’s reaction to this report.
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