The cryptocurrency market has seen substantial gains led by top altcoins, with XRP shattering historical records and Ethereum and Solana posting strong weekly advances. This bullish momentum pushed the total cryptocurrency market capitalization to $3.86 trillion, while Bitcoin remained flat near $120,000.
XRP surged to $3.47, eclipsing its previous 2018 all-time high of $3.40. This breakthrough was fueled by positive regulatory developments and accelerating institutional adoption. Technical indicators signaled extreme bullishness, with the Relative Strength Index at 87 and Average Directional Index reaching 40.
Ethereum climbed 20% during the week to trade above $3,300. Market analysts attribute this gain to consistent inflows into spot Ethereum exchange-traded funds and heightened investor demand, reinforcing Ethereum’s status as a dominant smart-contract platform.
Solana advanced 9.7% weekly to approach $175 amid a bullish technical breakout demonstrated by RSI at 68 and ADX at 21. Institutional interest grew significantly alongside new exchange-traded product launches tied to Solana.
Technical analysis highlights critical price levels for ongoing movements. XRP finds support at $3.00 and $2.69, with resistance targets emerging at $3.79 and the $4.00-$4.05 range. Solana maintains support between $150-$162 while facing resistance near $189.