The post Solana Holds Strong, Ripple Targets $5, Can This DeFi Dominate In 2025 appeared on BitcoinEthereumNews.com.

The crypto market is witnessing positive sentiment as top altcoins like Solana (SOL) climb up the chart. CW predicts the value of the altcoin could pump to $370. Also, FLASH forecasts the price of Ripple (XRP) might soar to $5 in the coming days. Meanwhile, the DeFi coin, DTX Exchange (DTX) is gaining significant market traction following its ongoing presale success. The project has sold millions of coins and given early investors up to 700% return on their investments. Given its low market cap, DTX could be the next best crypto to hit $1. Solana (SOL) Begins Potential Uptrend Solana (SOL) has started an uptrend after bouncing off the $220 support. According to data from CoinMarketCap, the value of the altcoin has risen by 1.9% in the weekly timeframe. Looking ahead, the Solana coin faces strong resistance around the $260 region. Crossing this barrier could take it to the $275-280 range.  Analysts like CW forecast the price of the Solana token might hit $370. Alex Friedman posted a chart that showed SOL’s price soaring to $370. In the meantime, technical indicators like the relative strength index reveal the sentiment surrounding the token is bullish.  An RSI of 58 means that the Solana crypto has enough room for growth. In other news, Purpose Investments Inc. has filed for a Purpose Solana ETF with the Canadian securities regulator. Meanwhile, the US could welcome its first Solana spot ETF in the coming weeks with the emergence of a more crypto-friendly administration. Ripple (XRP) Regains Support Level Ripple (XRP) has broken below the major $3 support level for the first time in about two weeks. Data from CoinMarketCap showed the price of the altcoin dipped to a low of $2.75 on January 27. Luckily, bulks were present at this region to handle the pullback.…

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Filed under: News - @ January 29, 2025 7:21 am