Is XRP ready to close the gap against Solana?
The post Is XRP ready to close the gap against Solana? appeared on BitcoinEthereumNews.com.
Solana’s relative strength shone through as it nearly doubled in value against XRP The SOL/XRP trading pair now faces a key technical resistance on the charts Over the past two months, Solana [SOL] has clearly taken the upper hand over XRP, steadily outperforming it in relative strength. If you’ve been holding SOL since early April, you’ve seen your investment nearly double – Up about 90%. Meanwhile, XRP holders enjoyed a steadier climb, with a 46.5% ROI. The SOL/XRP ratio backs up this story, jumping almost 40% to hit $76.01 at press time. This implied that it takes 76.01 XRP to buy one SOL at the press time SOL/XRP rate. Not surprisingly, users have been leaning more towards Solana. Especially since it has seen a nearly 12% monthly jump in daily active addresses, while XRP’s dipped by 6.8%. At the time of writing, the pair seemed to be bumping up against a familiar technical barrier. Source: TradingView (SOL/XRP) After this sharp uptick, the ratio has been approaching its mid-February resistance levels. Back then, XRP was trading at $2.34 before rocketing by 21% in a week to $2.83 on 15 February. That surge triggered SOL/XRP to tumble by a brutal 25% in under ten days. Now, the real puzzle – Was Solana’s undervaluation the catalyst that funnelled capital into XRP? Or did XRP’s own buying pressure and market strength drive that breakout independently? Solana’s bounce-back – A blueprint for XRP’s next move Solana entered Q2 riding the comeback trail after a rough Q1, one that earned it the “worst performing asset” crown among high-caps. SOL plunged to a multi-year low of $95 on 8 April, wiping out roughly 35% of its value from its $190 open. On the contrary, XRP held its ground, closing Q1 with modest 2.45% gains from $2.08. Clearly,…
Filed under: News - @ May 27, 2025 4:25 am