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 surprised. Their performances are no coincidence. Today, they have captured the attention of investors seeking new digital safe havens.
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. Bloomberg reports a possible green light from the U.S. regulator for SOL ETFs before the end of the year.
The data shows intense activity but a funding rate that remains neutral. In other words, traders neither pay nor receive a premium to maintain their long positions. A sign that euphoria remains contained, for now.
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. This detail is not trivial: it opens the door to increased legitimacy.
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.
Solana and XRP are part of the same dynamic. That of “altcoin” assets maturing in the shadow of the giants BTC and ETH. Their strength: innovation. Their weakness: dependence on regulatory announcements. Yet, a milestone seems crossed.
Ryan Lee, chief analyst at Bitget Research, is clear:
The surge in corporate treasuries holding XRP shows marked institutional interest. A dynamic driven by regulatory clarity and strong demand.
These tokens also attract because of the arbitrage opportunities they offer. For Solana, “carry trade” positions are rising. Investors buy spot and sell futures. For XRP, it is their use in cross-border payments that appeals.
Key figures to remember:
A convergence appears to be happening between traditional finance and crypto. Upcoming ETFs could accelerate this transformation.
The day has been electric. More than a billion dollars in liquidations shook the crypto markets after Israeli strikes on Iran. But despite the fear, some assets held firm. For altcoins, the story continues to unfold — amid ETFs and geopolitical upheavals.