Witness XRP and Solana Soaring with New Highs

Key Points

1. XRP has surged 374.1% over the past year, outperforming Bitcoin and Ethereum, and is currently consolidating in a range reminiscent of its 2017 pre-surge phase.

2. Analysts suggest XRP could target $3.84 initially, with potential for a much larger five-digit leap, and there is a 95% market expectation for SEC approval of an XRP ETF by year-end.

3. Solana is trading below its 50-week moving average at $152.83, with a potential head-and-shoulder pattern indicating downward risk, but institutional demand remains strong.

4. DeFi Development has increased its Solana holdings to 640,585 SOL (approximately $98 million), and the SEC is actively reviewing spot Solana ETF applications.

5. Both XRP and Solana are seen as poised for significant movements, with XRP's historical patterns and Solana's institutional backing driving optimism.