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Reading: Witness XRP and Solana Soaring with New Highs
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COINTURK NEWS > Altcoin News > Witness XRP and Solana Soaring with New Highs
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Witness XRP and Solana Soaring with New Highs

In Brief

  • XRP demonstrates similarities to its legendary 2017 surge.

  • Solana gains from increased institutional investment interest.

  • Possible spot ETF approvals could enhance XRP and Solana prospects.

İlayda Peker
İlayda Peker 6 months ago
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Ripple’s XRP is beginning to show signs reminiscent of its legendary 2017 surge. Meanwhile, Solana $143 (SOL) is trying to break free from the bear market, bolstered by increasing institutional investment. Analyst DonAlt emphasizes the startling similarity of XRP’s current consolidation structure to its formation eight years ago, suggesting an unbelievable potential leap of 35,000% from its current standing at $2.29. Simultaneously, Solana is maintaining its hold at $152.83, with million-dollar acquisitions by DeFi Development and expectations for a spot ETF balancing sales pressure.

XRP Poised for a Historic Rally

Over the past year, XRP has surged by an impressive 374.1%, outperforming Bitcoin $91,967 and Ethereum $3,139. In the year’s first two quarters, it climbed 0.45% and 7.12%, respectively. DonAlt notes that XRP’s price has been trapped in the $2.17–$2.29 range, resembling the low-volume yet resilient base seen just before the 2017 explosion. According to the analyst, if this pattern breaks upwards, the previous peak recorded at $3.84 will merely be the initial target, with a more ambitious five-digit leap awaited.

Contents
XRP Poised for a Historic RallyInstitutional Demand Bolsters Solana
<img class="size-full wp-image-479841" src="https://coin-turk.com/wp-content/uploads/2025/07/Ripple $2-XRP-Yorum-ve-Analiz-scaled.jpeg” alt=”” width=”2560″ height=”1198″ />
Ripple XRP Comment and Analysis

The biggest catalyst that could ignite the rally is the anticipation of a spot XRP ETF approval. The SEC’s green light to convert the Grayscale Digital Large Cap Fund into an ETF paves the way for Bitwise and Franklin Templeton’s applications, with the market pricing a 95% chance of SEC approval for an XRP ETF by the year’s end. Ripple’s decision to drop its cross-appeal in the SEC lawsuit reduces regulatory uncertainty, strengthening expectations in this area.

Institutional Demand Bolsters Solana

Since March, Solana has been trading below its 50-week moving average, marking a nearly 3.2% drop to $152.83. The potential head-and-shoulder pattern on the chart and negative divergence in weekly RSI create a downward risk. Analysts indicate that the prevailing bearish scenario will be invalidated only if the price closes above $189.

Solana Price Analysis and Comment

Nevertheless, institutional appetite for SOL coins continues to rise daily. DeFi Development, listed on Nasdaq, has purchased 17,760 SOL, increasing their balance to 640,585 SOL (approximately $98 million). The SEC’s active review of spot Solana ETF applications has increased the number of firms considering Solana in treasury management. If institutional demand continues, the price is expected to overcome technical barriers and reach new peaks.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 4 July, 2025 - 11:07 am 4 July, 2025 - 11:07 am
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