Top Cryptocurrencies to Watch This Week: Aptos, XRP, and Solana

Last week, cryptocurrency prices displayed a mixed trend following President Donald Trump’s announcement of reciprocal tariffs and Federal Reserve Chairman Jerome Powell’s warning regarding stagflation.

Bitcoin (BTC) fluctuated between $82,000 and $85,000, while the total market capitalization of all cryptocurrencies dipped slightly to $2.65 trillion. Key cryptocurrencies to monitor this week include Aptos (APT), Ripple (XRP), and Solana (SOL).

Aptos

Aptos has experienced a strong downward trend this year, decreasing from a high of $15.32 in November to a low of $4.70. This decline has been attributed to the ongoing crypto market crash and token unlocks, which have led to significant dilution.

The circulating supply of Aptos stands at 604 million out of a total supply of 1.14 billion, with 11.3 million tokens being unlocked monthly. The next unlock is scheduled for Saturday, when tokens valued at $52 million will be distributed to the community, core contributors, investors, and the foundation.

These unlocks come at a critical support level for Aptos, which has held firm below this range at least four times since July of last year. Thus, a volume-supported fall below the current level could indicate further downside, potentially dropping below $4. Conversely, the bearish outlook will be negated if the coin surpasses the 50-day moving average at $5.80.

XRP

XRP is another cryptocurrency worth keeping an eye on in the coming week for technical reasons. As depicted in the chart above, the coin was trading at $2.10 on Sunday, just above the key support level of $1.9325. This level is significant as it represents the neckline of a head and shoulders pattern, with the head at $3.4 and the shoulders at $3.

The $1.9325 mark also aligns with the 50% Fibonacci Retracement level. Therefore, a drop below this level would validate the bearish perspective of the H&S pattern and indicate further downward movement, initially targeting $1.5370, the 61.8% retracement level, which is approximately 26% below the current price.

Solana

Solana, a prominent layer-1 network, is also expected to be a key cryptocurrency this week. Traders will be closely monitoring it as it has reached a critical support level of $115, its lowest mark in March.

Solana is currently forming a small double-bottom pattern with a neckline at $147.18, which is a critical indicator of a bullish reversal. SOL has repeatedly failed to drop below this level since last year.

Consequently, a drop below this support level may indicate further downside, potentially reaching the support at $100.