Solana (SOL) to $60? XRP and ETH Also at Risk, Warns Analyst Jason Pizzino

Andrew Chen
Solana (SOL)

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Crypto analyst Jason Pizzino has issued a warning to followers about the potential for more significant price declines for XRP and other major altcoins. In a recent post on social media platform X, Pizzino, who has over 131,000 followers, revealed that despite XRP’s 20% drop over the past month, the token’s downtrend is far from over. At the time of writing, XRP is priced at $1.87, down 12% in the last week alone.

Pizzino’s insights come as XRP continues to experience volatility, leading some investors to question its short-term performance. The crypto analyst points to the larger trend of altcoins facing difficulties, with XRP’s price movements signaling a potential continuation of bearish momentum.

Turning his attention to Solana (SOL), Pizzino employed the “3-bar rule” to suggest that the blockchain’s price may be poised for a substantial drop. The 3-bar rule is a technical analysis tool that helps identify potential trend reversals or continuations based on the behavior of three consecutive closing prices. Pizzino noted that the first 3-bar signal appeared in November 2024, followed by another in January 2025. Currently trading at $106, Solana has fallen 16% in the past week, and Pizzino predicts further losses. His next price targets for SOL are $80 and potentially as low as $60, marking an 80% drop from its highs.

As for Ethereum (ETH), Pizzino also suggests that the largest altcoin by market cap might be in for more pain. Despite Ethereum’s dominant position in the market, the ongoing downturn could spell more challenges for its price action in the near future.

Also Read: Solana Price Surges 12%: Can SOL Lead the Next Altcoin Rally?

For investors holding these altcoins, Pizzino’s forecast serves as a cautionary reminder of the volatility in the crypto market, urging close attention to upcoming market movements.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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