Closely followed crypto analyst Jason Pizzino is warning that XRP and other top altcoins most likely have further to fall.
In a new post to the social media platform X, Pizzino tells his 131,000 followers that, despite being down 20% in the last month, XRP’s skid is not finished.
[adinserter block="1"]Says Pizzino,
“XRP breaking 50% fib pre-US open. My next price target is still ~$1.40”
XRP is worth $1.87 at time of writing, down 12% in the last week.
Turning to layer-1 smart contract platform Solana (SOL), Pizzino refers to the 3-bar rule – which aims to spot trend reversals or continuations based on the behavior of the previous three closing prices – to suggest a Solana crash to $60.
“The first 3-bar rule signaled in November 2024. The second signaled in January 2025.
Now SOL is sub $100 for the first time in over 12 months.
Next price targets are $80 then sub $60 which would be an 80% decline. Not out of the ordinary for a major altcoin correction.”
SOL is trading for $106 at time of writing, down 16% in the last week.
Looking at the Solana rival Ethereum (ETH), Pizzino again predicts more pain for the largest altcoin by market cap.
“Ethereum ~$1500 target hit and being tested. If this fails, the next price target is ~$1200.”
Ethereum is also down 16% in the last week, trading for $1,574 at time of writing.
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Featured Image: Shutterstock/Philipp Tur
