On-chain data shows a steady and inexorable recovery of major altcoins alongside Ethereum's comeback against Bitcoin.
Altcoins show signs of strength as Ethereum approaches the $4,000 mark .
XRP and Solana are among the leading candidates for a stunning performance in the near future. However, everything will depend on the overall market trend.
Ethereum: The Cryptocurrency to Watch in the Coming Months
Ethereum $ETH is currently showing a clear bullish trend on the three-day timeframe.
The price is approaching $4,000, a trend that could signal the impending start of a new altcoin rally. Ethereum is at the high end of the volume profile, which captures trading volumes from March to today, indicating that the most difficult part of the recovery is now behind us.
If buyers can decisively step forward, the next few weeks could show some very interesting results.
Given ETH's rapid growth, the possibility of a slight correction in the short term cannot be ruled out. A return to the $3,300 area would allow Ethereum to consolidate before resuming its positive trend.
Ethereum plays a central role in the market: ETH's strength, near all-time highs or at least growing, benefits the entire altcoin sector.
Observers' attention is now focused on XRP and Solana, which Bloomberg estimates have the highest probability of getting a spot ETF in 2025, with a 95% estimate.
XRP $XRP nears $20: Is it a long-term target?
Today XRP is trading around $3.50.
Despite a difficult day for the market, it is holding up well against selling pressure. This positive trend is also supported by the prospect of a spot XRP ETF being approved in the coming weeks, following the approval of the first XRP ETF listed on the NYSE last week.
To reach $20, considering the current circulating supply of around 60 billion units, the market capitalization would exceed $1.18 trillion, about half of Bitcoin's current value.
While the future looks bright with the SEC case nearing its conclusion and the OCC filing for a National Bank Charter, seeing XRP hit $20 is still a very ambitious goal.
However, the $10 target seems like an optimistic but more realistic assumption, especially if the use of XRP Ledger and the RLUSD stablecoin becomes widespread.
Solana $SOL nears $500: Scenarios fueled by meme coin boom
For Solana, the scenario is different and the objectives could be more ambitious.
A $500 target for SOL would mean a 2.5x increase from its current market cap.
Thanks to the blockchain's robustness, its central role as a platform for meme coins, the presence of launch platforms like LetsBonk and PumpFun, and its growing adoption as a reserve asset, many observers expect Solana to experience an even stronger bull run than Ethereum.
On-chain data is very positive: the network's TVL is poised to reach a new all-time high after the one in early 2025, equal to $11.5 billion.
If liquidity continues to flow and the first spot ETF on SOL is launched, the $300 level could soon be surpassed.
However, these are hypothetical considerations regarding the performance of the best cryptocurrencies to watch and the potential effects of catalysts. It is essential to carefully monitor the evolution of the main support and resistance levels of XRP and SOL.
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