#solanaXRP
XRP And Solana: How Crypto ETFs Could Propel Their Prices To New Records
Against the backdrop of geopolitical tension between Israel and Iran, altcoins have, against all odds, stood out. While traditional markets wavered, certain cryptos like Solana and XRP were surprised. Their performances are no coincidence. Today, they have captured the attention of investors seeking new digital safe havens.
In Brief
Solana reaches 7.4 billion dollars in open interest, signaling a strong speculative appetite.
XRP jumps 10% following its inclusion in the official Nasdaq crypto index.
Volumes on Solana DEXes drastically drop, weakening a sustainable and solid rebound.
Ryan Lee mentions an institutional surge towards XRP, driven by real payment use cases.
Solana: When Futures Brush the Peaks
Solana news: The SOL token has crossed a critical threshold. With an open interest reaching 7.4 billion dollars, Solana hit its highest level in two years. This surge, linked to futures positions, reflects growing institutional interest. Yet, the signals are not all positive.
Indeed, the volume of decentralized exchanges (DEX) on Solana collapsed to 10.5 billion per week, compared to 29.2 billion a month ago. Despite this, speculation around a potential ETF boosts prospects.
XRP: A Surprise Rally Fueled by Indexes and ETF Hopes
XRP jumped 10% over a weekend, breaking significant technical resistances. This rare performance in a tense context was driven by major events. Firstly, XRP was included in the Nasdaq Crypto Settlement Price Index.
Secondly, Ripple introduced a proprietary stablecoin, RLUSD, and boasts 90% coverage of the forex market. A strategic growth lever, supported by a clear vision: to replace the SWIFT system with instant settlements.
Technically, a double bottom seems to have formed around 2.10 dollars. If this structure confirms, analysts expect a return to 2.60 dollars or more. XRP becomes a central piece of the crypto ecosystem, balancing real use and regulated speculation.
