Key Highlights:
- XRP has surpassed $3, with traders anticipating a break above $3.10, potentially paving the way for a rise to $4.
- Institutional adoption and optimism around ETFs are boosting bullish sentiment around XRP, despite significant selling from whales.
- Solana saw a 10% surge to approximately $206, with traders targeting a price range of $250–$260 if momentum continues and ETF prospects improve.
XRP and Solana are demonstrating renewed strength, drawing attention from traders who see both institutional inflows and favorable technical setups as grounds for a fresh rally.
XRP has regained ground above $3 following a drop below the 50-day moving average earlier this week caused by whale selling, which pressured it down to $2.72. This rebound leads traders to watch for a potential breakthrough at $3.10 that could confirm a target towards $4.
“With institutional adoption, ODL usage, and ETF optimism, levels ranging from $3 to $5 remain feasible by the year’s end,” Ryan Lee noted in a recent statement to CoinDesk.
Recent months have seen XRP experience a series of positive regulatory developments, propelling hopes that ETF-related products could catalyze increased demand. Although recent profit-taking by whales has exerted short-term pressure, there is a belief among analysts that aggregate movements continue to indicate upward momentum if resistance points can be surpassed.
Similarly, Solana’s recent rally is noteworthy. SOL’s price surged 10% within a day, trading close to $206, with supportive momentum observed in the $175–$180 range. Increased staking demand driven by ETFs and higher activity in DeFi sectors have led to greater open interest and total value locked—further underlining the case for continued growth.
If Solana sustains levels above $180 and effectively breaks through $205–$210, traders foresee upward movement towards the $250–$260 range in the foreseeable future, with some projections aiming even higher, to $300, if positive momentum continues.
Both cryptocurrencies could establish a significant role in influencing altcoin performance as we proceed into the latter part of 2025, Lee concluded.
