Solana (SOL) price is set to stage one of its best performances for the year, and that could also be for the trading day or throughout several trading days in a row. All stars look to be aligned for a massive rally that could get lit by Fed Chair Powell who is due to speak this evening a few hours before the US closing bell. Expect his speech to be the catalyst to bring the Christmas spirit and see markets rally in these last few trading days of the year.
Ripple (XRP) price will see traders mainly focusing on the Powell speech later today at the Brookings Institution. With many questions being raised and Fed members contradicting one another, markets will be hanging on every word coming from Powell’s mouth to get a clearer view of what the path will be going forward. Any dovish indications will fire up markets, with equities and cryptocurrencies in tandem rallying substantially higher. Fasten your seatbelts!
A brief technical and on-chain analysis on Ethereum price. Here, FXStreet’s analysts evaluate where ETH could be heading next.