XRP and Solana are showing renewed strength, with traders highlighting both institutional flows and technical setups as potential drivers for a new rally.
XRP has risen above $3 after dipping below its 50-day moving average earlier this week, when whale selling pushed the token down to $2.72. The rebound has traders eyeing a break of $3.10, which could pave the way for a move towards $4.
“With institutional adoption, ODL usage, and ETF optimism, price levels between $3 and $5 remain realistic by year-end,” remarked Ryan Lee, chief analyst at Bitget, in a note to RialCenter.
This optimistic outlook follows several months of regulatory victories for XRP and a growing belief that ETF products could create new demand. Although profit-taking by whales created short-term pressure, some analysts suggest that structural flows continue to indicate upward movement if resistance levels are breached.
Equally impressive is Solana’s rally. SOL surged 10% in 24 hours, trading near $206, with momentum concentrated in the $175–$180 range. Demand from ETF-driven staking and increasing DeFi activity have both lifted open interest and total value locked, bolstering the case for continued growth.
If the token maintains levels above $180 and convincingly clears the $205–$210 range, traders anticipate upside toward $250–$260 in the near term, with some models suggesting targets as high as $300 if momentum continues and ETF clarity emerges.
If both tokens demonstrate technical resilience, they could shape the next phase of altcoin performance leading into the second half of 2025, Lee concluded.
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