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2 months ago
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While whales booking profits created near-term pressure, some analysts argue that structural flows continue to point higher if resistance levels give way.
Updated Aug 23, 2025, 6:29 a.m. Published Aug 23, 2025, 6:29 a.m.
What to know:
- XRP has rebounded above $3, with traders eyeing a break of $3.10 as a potential move toward $4.
- Institutional adoption and ETF optimism are driving bullish sentiment for XRP, despite recent whale selling.
- Solana surged 10% to near $206, with traders targeting $250–$260 if it maintains momentum and ETF clarity improves.
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.
Shaurya Malwa
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
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