XRP and Solana are demonstrating renewed strength, with traders citing both institutional inflows and technical patterns as potential triggers for a new rally.
XRP has regained its position above $3 after briefly falling below its 50-day moving average this week, when whale selling pushed the token down to $2.72. The rebound has traders looking for a breakthrough at $3.10, which could signal a potential rise to $4.
“Given the institutional uptake, ODL usage, and optimism surrounding ETFs, the possibility of reaching $3 to $5 in price levels remains plausible by the end of the year,” noted Ryan Lee, chief analyst at Bitget, in a dispatch to CoinDesk on Saturday.
This optimistic outlook comes on the heels of multiple regulatory victories for XRP and increased expectations that ETF products could spur fresh demand. While some whales taking profits introduced short-term pressure, several analysts believe that structural inflows will keep climbing if resistance points are breached.
Solana’s rally is also significant. SOL surged 10% within 24 hours, trading close to $206, with momentum establishing itself in the $175–$180 zone. Staking demand driven by ETFs and an upswing in DeFi activity have elevated both open interest and total value locked, reinforcing the case for continued progress.
If the token can maintain its position above $180 and convincingly surpass the $205–$210 range, traders anticipate momentum toward $250–$260 in the short term. Some models even project targets as high as $300 if the momentum continues and ETF clarity emerges.
If both assets maintain their technical strength, they could pave the way for the next phase of altcoin performance through the latter half of 2025, Lee concluded.
