As XRP hovers within a descending triangle, it’s clear the digital asset is in a challenging phase. Having previously spiked, XRP now struggles to reclaim significant levels. Testing the upper limit of its triangle at $2.17, XRP faces a formidable resistance at $2.50, where upward momentum has been consistently thwarted by sellers. A break above this level could push XRP toward $2.80, but failure to maintain its 26 EMA support at $2.05 risks a drop to the $1.87-$2.00 demand zone, where buyers might step in.

Despite these technical struggles, XRP’s on-chain metrics paint a grim picture. A staggering 97% drop in payment volume underscores the waning network activity and market confidence. If this trend continues, XRP’s ability to recover may falter, leaving the asset in a precarious make-or-break situation. For bullish momentum to return, XRP must decisively break through $2.50 and its descending triangle.

Meanwhile, Shiba Inu (SHIB) has lost its recent bullish momentum after breaking its 26 EMA support. Hovering around $0.00002749, the asset is struggling to recover ground. Immediate support lies at $0.00002640, with a potential further decline to the $0.00002200-$0.00002300 range. Despite earlier optimism, SHIB has formed a lower high, confirming bearish control. The asset’s waning trading volumes and overall market uncertainty have eroded investor confidence. To reverse its bearish outlook, SHIB would need to decisively break above $0.00002850, a prospect that seems increasingly unlikely without renewed buying pressure.

For Solana (SOL), the situation is less dire but equally critical. After an impressive rally from $150 to nearly $260, the asset has pulled back and now trades at $218.78. The 50 EMA at $216 has so far provided crucial support, but resistance at the descending trendline around $230 remains a significant hurdle. A breakout above this level could pave the way for a recovery toward $250, but failure to hold above current support could push SOL down to $194, a level that aligns with its 200 EMA.

Adding to the pressure, Solana faces market anxiety over an upcoming March token unlock event, with $2.63 billion worth of tokens set to be released. This event has raised concerns about supply flooding the market, keeping investors cautious despite some analysts’ belief that these fears are already priced in. For a sustained rebound, Solana must reclaim $230 and build momentum toward $260.

In summary, these three crypto assets face significant challenges that could define their trajectories in the weeks ahead. XRP fights for survival against declining on-chain activity, SHIB’s rally has stalled amid bearish exhaustion, and SOL attempts to regain investor confidence amid supply pressures. Only time will tell if these assets can overcome their current obstacles or succumb to broader market challenges.