Analyst Jason Pizzino Updates The Outlook For XRP, ETH And SOL

A crypto analyst Jason Pizzino takes a look what could be in store for XRP (XRP), Ethereum (ETH) and Solana (SOL).

In a recent YouTube update, the analyst shared with his 263K subscribers that for almost a year now XRP has been printing higher lows, regardless of the negative news around it due to the SEC lawsuit.

Back in December 2020, the U.S. Securities and Exchange Commission (SEC) opened a lawsuit against Ripple Labs saying that the payments network sold XRP as an unregistered security.

Pizzino said:

“The trend is still very uncertain, but (XRP) is trying to gain some short-term ground to the bullish side.”

At the time of writing, XRP trades at $0.77, up 7.4% on the weekly chart.

Looking next into Ethereum (ETH), the analyst points out that the leading smart contract platform is setting up for a “reasonable short-term low.”

According to Pizzino, $3,180 level will be a key resistance for ETH to break in the short term, in order to move up to higher levels again.

At the time of writing, ETH trades at $3,087, up 1.94% on the weekly chart.

Regarding Solana (SOL), Pizzino notes that it is looking good and holding above the downtrend. He expects SOL to reclaim $110 level sooner rather than later.

“The good news at the moment is that (Solana) is holding up for the last few days, and it’s at a higher low, and it’s holding above the downtrend. That’s exactly what we’re expecting, because eventually the downtrend has to flip, and it has to get some sort of energy back in the market because it’s just been depressed so heavily from those November highs.”  

At the time of writing, SOL trades at $108, up 5.5% on the weekly chart.