Solana surged 8% to $156.9, while XRP gained 2.5% to reach $2.20 in intraday trade.
According to Ryan Lee, Chief Analyst at Bitget Research, XRP’s rally is being fuelled by significant corporate allocations, with institutional treasuries holding over $470 million worth of the token. “Firms like Webus International ($300 million), VivoPower ($121 million), and Wellgistics ($50 million) have allocated sizeable amounts to XRP,” Lee said, highlighting its appeal as a low-cost, high-speed settlement solution.
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He added that this growing corporate interest reflects greater regulatory clarity and rising demand, creating the conditions for a long-term uptrend. “With XRP trading around $2.20, continued institutional buying and momentum from potential ETF listings could drive the price toward $3 to $5 by June 2025—although legal developments will remain a key factor.”Also Read: How can anyone consider Bitcoin to be a digital version of gold, questions Peter Schiff
Meanwhile, Solana is also attracting renewed investor attention. The token is hovering near $155, underpinned by strong fundamentals. On-chain data show Solana’s application revenues exceeded $1.2 billion in Q1, and futures open interest is rising—signalling both speculative and institutional participation.“Despite intermittent technical setbacks, Solana’s ecosystem continues to expand,” Lee noted. “With ETF support and ecosystem growth, SOL could rally toward $200–$250 in the near term, and potentially test $300 if current momentum sustains.”While the outlook for both altcoins appears promising, analysts advise investors to remain cautious of regulatory risks and potential network disruptions.
Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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