Solana, XRP, Bitcoin and Tron signal key support tests amid August rally fades

Leading cryptocurrencies faced renewed pressure as short-term momentum faded, putting critical support levels in focus after their strong recoveries in August. Solana (SOL), XRP, Bitcoin (BTC), and Tron (TRX) each confronted crucial technical junctions that could determine their next major price moves. Solana struggles near $97 as post-breakout support holds After surging from $75 to over $110 during August, Solana is undergoing its most significant retracement since that breakout. Currently trading around $97, SOL remains well above its key long-term moving averages but sits far below its local high. Recent attempts to reclaim the $102 to $104 zone repeatedly failed, with rallies toward $106 or higher growing weaker. As a result, SOL slipped below its near-term moving average near $98, placing further emphasis on the $96 to $98 support range. A sustained drop below $96 could trigger more selling, exposing the $92 to $93 area where longer-term and medium-term moving averages are converging, representing robust support. The next technical target below remains $88 to $90. The Relative Strength Index (RSI), which had stayed above 50 since the August move, now sits in the mid-40s, underscoring fading momentum. Momentum has clearly weakened, and bulls likely need a recovery to $100 to stabilize the short-term outlook, with $104 and $110 serving as the key breakout levels for any renewed advance. XRP faces steep decline below $1.35 XRP experienced a sharper technical deterioration after breaching the $1.35 support. The asset is now trading around $1.27, following a drop from its previous $1.40 to $1.45 consolidation zone. The most recent decline included a notable jump in selling volume, which added weight to the breakdown below both horizontal and long-term average support near $1.35. XRP is now testing another crucial cluster between $1.25 and $1.28 where short-term moving averages gather. Holding this zone may prompt a relief rally, but the previous support at $1.34 to $1.35 now acts as resistance. The RSI dipped below 50, echoing the loss of upward momentum. If $1.25 fails, XRP could slip toward $1.20 or even return to the larger breakout origin around $1.15. In contrast, reclaiming $1.35 would help offset much of the immediate technical damage and stabilize the structure. Bitcoin under pressure as momentum slips from August highs Bitcoin’s rally that started in August has given way to consolidation and declining short-term momentum. Currently, BTC trades near $75,600 after another rejection from the $78,000 level and a retreat below its fast-moving average. BTC has failed to retest its early September high above $81,000, as attempts to break back toward $80,000 repeatedly lost strength. The RSI, which had reached overbought territory during the rally, now registers below 50. Rising selling volume on recent declines emphasizes the seriousness of this correction phase.