“Recently, XRP has faced significant challenges. After a surge due to regulatory victories and growing interest in ETFs, the token began to retreat: whales offloaded hundreds of millions of XRP, and price pressure pushed the asset below the 50-day moving average, to $2.72,” noted Lee.<\/p>\n<\/blockquote>\n
However, technical indicators suggest an imminent recovery. According to Bitget’s chief analyst, the asset’s price could soon reach $3.10. If key resistance levels are surpassed, the target will be $4.<\/p>\n
At the time of writing, XRP is trading at $2.8.<\/p>\n Lee anticipates a similar scenario for Solana. The coin could benefit from activity in the DeFi sector, which supports open interest and TVL<\/span>. The latter is estimated at $10.51 billion, according to DeFi Llama<\/a>.<\/p>\n “If SOL holds above $180 and breaks through $205, analysts predict the next growth phase to $250-260 amid strong ecosystem development and positive metrics,” explained the expert.<\/p>\n<\/blockquote>\n At the time of writing, Solana’s price is $179.<\/p>\n Nekrasov offered a more restrained assessment of XRP and Solana’s prospects. In his view, growth potential is directly tied to macroeconomic conditions.<\/p>\n “Institutional investors form the main demand, but their strategy is linked to the monetary policy of the Fed<\/span>,” he said.<\/p>\n<\/blockquote>\n However, the expert emphasized that these two coins stand out among altcoins due to a combination of regulatory clarity, real utility, and robust ecosystems.<\/p>\n “If the market receives a more favorable signal from the Fed, institutional investors will primarily strengthen positions in projects like XRP and Solana,” he explained.<\/p>\n<\/blockquote>\n The recent crypto market correction is linked<\/a> to the release of the minutes from the Fed’s July meeting. Only two members of the FOMC<\/span> \u2014 Christopher Waller and Michelle Bowman \u2014 advocated for a 25 basis point rate cut.<\/p>\n The market reacted negatively to the news. Currently, only 69.6% of investors expect a key rate cut in September. At the beginning of August, the figure exceeded 90%.<\/p>\n![\"Analysts](\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXdVonkbBl1Ola1psug178AizBeCn0QjOrL028yLpMzzoAPWXBTAHMzajayYtIjx3i87umo_kATJCc2MNBPQHAaPuwkBrDFDRNob0tF99dYNvgzIxYsZQbsJNN51yofcFzNqIzV3Qw.webp\")
What Lies Ahead for Solana?<\/h2>\n
\n
![\"Analysts](\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXeq5wq1aYVLkmXlNNzQRdGoVbabHp63QscVHm5UUdu8hTj6yYZ9NvwJIrpc8ZQ3eXnBDxVQXvB7KAyfAIxsav7d9W6qDD5j_Pyuw5-kHDMBDexzB0wjg_RYgJr7JGg-IRDuklno6Q.webp\")
A Cautious Approach<\/h2>\n
\n
\n
![\"Analysts](\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXcCBHMz13VJ31jpWxYYVkYDizdUpBHqUnssa4tq6jwm2ga1xSPiJkAxkTDQKVY1wIlULxzdMMq3LG5I-e8yA6qDElNFM1TYCS_tTXtTNmTmxolCnC0k88Yxa-6sWDJCjdkKbJRSiA.webp\")