The post XRP & Solana ETFs: Last Chance to Buy XRP & SOL Before the Bull Run? appeared first on Coinpedia Fintech News
The cryptocurrency market has been awaiting positive moves on its charts, as investors and traders anticipate concrete implementations of the digital assets infrastructure by the Trump government. After the success of Bitcoin and Ethereum ETFs, the business now expects Solana and XRP ETFs.
With pending regulatory approval and the CME Group preparing to launch Futures ETFs on XRP and SOL this February, is this the last chance to stack these altcoins at a lower price range? In this article, we at CoinPedia uncover the possible short-term prospects of the top 2 altcoins after Ethereum.
Potential Exchange-traded Fund (ETF) Filing
Considering the tokenomics and core fundamentals of Ripple (XRP) and Solana (SOL), these altcoins could be highly undervalued at this point. However, a possible ETF listing could push the price of these projects toward their maximum potential.
Notably, top analysts speculate multiple ETFs to hit the cryptocurrency market this year. With XRP and Solana being the top contenders. Moreover, among other possible ETF listings this year include Chainlink, Hedera, Trump coin, and Melania meme coin. With this, the cryptocurrency market could experience the beginning of a new chapter during the coming altcoin market.
Ripple (XRP)
With an intraday correction of 1.29%, the XRP crypto price is currently valued at $3.14. Reportedly, with a Year-to-Date return of +51.39%, this altcoin has outperformed major tokens. Moreover, with the new SEC chair and the potential dismissal of the Ripple vs SEC lawsuit, this altcoin is trading at a discount of less than 20% from its ATH.
The Moving Average Convergence Divergence (MACD) shows a constant decline in the green histogram with a possible bearish convergence in the XRP price chart. On the other hand, the RSI indicator acts as a support, suggesting a mixed price sentiment for the altcoin in the market.
Maintaining the value above its support level of $3 could set the stage for the Ripple price to retest its resistance of $3.50 this month. However, if the bears outrun the bulls, this could result in it plunging toward its low of $2.70.
Are you curious about questions like “Will XRP reach $100?” Read CoinPedia’s XRP Price Prediction to explore the long-term mysteries!
Solana (SOL)
Despite recording a drop of 2.87% in 24 hours with a trading volume of $9.038 billion, the SOL price has jumped 23.11% in seven days and has a YTD return of 31.79%. With only a few billion short of challenging Tether’s 04th position, Solana’s market cap is currently valued at $131.335 billion.
The Relative Strength Index (RSI) continues hovering around the overbought range in the daily time frame. With its EMA 50/200-day constantly recording an upward trend, the Solana price hints at a positive outlook in the coming time.
Suppose, the market favors the bulls, under such a situation, the SOL coin price will breach its resistance of $270 and head toward its upper high of $300. Conversely, a bearish reversal could pull the price of Solana toward its low of $225.
Planning on stacking SOL tokens before the altcoin season kickstarts? Read our Solana Price Prediction!
FAQs
Amid rising adoption, the Ripple price may surpass the $10 mark by 2029.
Considering an optimistic outlook, the Ripple token could reach a maximum trading value of $15.65 by 2030.
If the bullish sentiment sustains, the SOL coin price may achieve this milestone between 2029 and 2030.
At the time of writing, the value of one Solana token was $249.31.
