XRP and Solana are showing signs of strength again, with traders pointing to both institutional flows and technical setups as catalysts for a fresh rally.
XRP is back above $3 after slipping under its 50-day moving average earlier this week, when whale selling dragged the token as low as $2.72. The rebound has traders watching for a break of $3.10 that could validate a move toward $4.
“With institutional adoption, ODL usage, and ETF optimism, the potential for $3 to $5 price levels remain realistic by year-end,” said Ryan Lee, chief analyst at Bitget, in a Saturday note to CoinDesk.
The bullish view follows months of regulatory wins for XRP and growing optimism that ETF products could unlock new demand. While whales booking profits created near-term pressure, some analysts argue that structural flows continue to point higher if resistance levels give way.
Solana’s rally looks equally notable. SOL jumped 10% in 24 hours to trade near $206, with momentum clustering in the $175–$180 range. ETF-driven staking demand and growing DeFi activity have pushed both open interest and total value locked higher, strengthening the case for continuation.
If the token holds above $180 and clears $205–$210 with conviction, traders see upside toward $250–$260 in the near term. Some models stretch the target as high as $300 if momentum persists and ETF clarity arrives.
If both sustain technical resilience, they could define the next leg of altcoin performance into the back half of 2025, Lee concluded.
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Shaurya Malwa
https://www.coindesk.com/markets/2025/08/23/watch-out-for-xrp-and-solana-as-price-action-flashes-bullish-signals-analyst-says
2025-08-23 06:29:00
