Taking a look at the XRP chart, the cryptocurrency appears to be in the process of forming a bullish flag pattern over the past few months.
The current fundamental backdrop suggests a major near-term breakout of this pattern, say, in May, is unlikely.
If the rally does continue, it may struggle to get past $2.50 and the price could easily slip back to the lower bounds of its recent trend channel.
A return to sub-$2.0 levels may be on the card in the coming months, before an eventual major breakout comes later in the year, in sync with the approval of spot XRP ETFs by the US SEC.
A better crypto to buy now for near-term gains might be a promising new Solana project called Solely (SOLX), which has caught the attention of the web3 community with its impressive presale that’s raked in over $32 million so far.
That ranks it as one of the biggest presales of the year, and tees it up to be one of the biggest token launches of 2025.
Solaxy is the first Layer-2 solution for the Solana blockchain, designed to address network congestion and enhance scalability.
By processing transactions off-chain and using rollups, Solaxy ensures faster, cheaper transactions while maintaining Solana’s security.
With its massive presale haul, a 125% APY staking program and a growing community of over 70,000 followers, Solaxy is gaining major traction.
Its no surprise then that some analysts are predicting a 10x return by the end of 2025, driven by Solana’s surging DeFi activity and Solaxy’s innovative infrastructure.
As Solana’s ecosystem expands, Solaxy’s utility and potential make it a top crypto investment now.
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