Solana Sell-off Risk Fades, Ripple CEO Comments on CME's Big XRP Move, XRP Now One Tap Away for 20 Million Users in Japan: Crypto News Digest by U.Today

Solana's sell-off risk fades as SOL price reclaims key resistance level Solana has successfully rebounded from a low of $145.66 to reclaim the $150 resistance level, demonstrating potential for a further rise. At press time, SOL is trading at $154.41, up 3.36% over the past 24 hours, per CoinMarketCap. The trading volume is also seeing a rise; standing at $4.28 billion, it is up almost 10% over the past day. In the past seven days, the asset has surged by 15.93%, which prompted some traders to make optimistic predictions. Per one such prediction by prominent trader DonAlt, Solana could hit $200, as the asset uses the U.S. trade tariff to attract willing investors. Ecosystem development may boost Solana's recovery as the market looks forward to regulatory approval for key institutional products, with the asset being among the leaders of those awaiting the SEC's attention on their ETF filings. With the new SEC chair now in office, there is hope that these pending filings will get attention, potentially leading to institutional adoption and driving prices higher.