XRP News Today: XRP Retests Breakout Level, Solana Nears Cup and Handle Confirmation

Renowned market analyst Peter Brandt recently posed a hypothetical investment scenario to his followers, asking which cryptocurrency they would choose between XRP and Solana (SOL) for a $100,000 investment. Brandt encouraged concise responses with reasoning limited to 40 words and provided technical charts of both assets to aid in decision-making.

On the XRP front, the asset has recently broken out of a symmetrical triangle pattern that has spanned several years. This breakout surpassed a long-standing descending resistance line, with XRP reaching a high of $3.40 earlier in the year before entering a corrective phase. The asset is now undergoing a retest of the breakout level, which, if successful, could set the stage for further upward movement. Technical projections estimate a potential rise to $4.43 based on the triangle’s height. Currently, XRP is priced at $2.32, reflecting a 12.88% increase year-to-date. It trades just below its 8-period simple moving average (SMA) at $2.36 and slightly above its 18-period weighted moving average (WMA) at $2.29. These indicators suggest short-term support and alignment in price momentum. However, the Average Directional Index (ADX) is currently at 14.17, implying that the prevailing trend lacks strong momentum. The Average True Range (ATR) stands at 0.2588, indicating low volatility, which often signals consolidation ahead of a significant move.

In contrast, Solana exhibits a long-term cup and handle formation on the weekly chart. The cup formed following the asset’s peak in late 2021, with the bottom established during the 2022 downturn. The handle began taking shape in early 2025 and shows signs of a potential breakout. SOL is trading at $174.84, down 6.31% since the beginning of the year. Although it lags behind XRP in 2024 performance, its technical structure remains promising. SOL trades above its 8-period SMA ($147.85) and its 18-period WMA ($150.89). The projected target from the cup and handle pattern is around $518.73, though confirmation is still required. Solana’s ADX is at 15.91, slightly higher than XRP’s, indicating a marginally stronger trend. Meanwhile, the ATR is at 37.23, showing greater volatility and trading activity.

Investors and analysts responded to Brandt’s question with differing perspectives. Trader CJ opted for XRP, citing reduced selling pressure from institutions compared to Solana. Another contributor, IL Gallon, also chose XRP, referencing Wyckoff accumulation signals as a sign of stronger long-term positioning. Peter Detwiller, reviewing daily charts, favoured XRP as well. He found Solana’s pattern less convincing, describing it as overly speculative. Conversely, analyst Chris Huber leaned toward Solana, highlighting its consistent respect for the 20-day exponential moving average (EMA) since an April downturn. He also pointed to resistance near $261.43 as a potential breakout level. Additional views included support for XRP from Trader Vievie, who noted the asset’s formation of higher highs and manageable downside risk with a support level near $2.27. On the other hand, Trader Studios Stoic found Solana’s technical setup more compelling, viewing the cup and handle structure as indicative of stronger breakout potential compared to XRP’s shorter consolidation phase.

XRP and Solana exhibit bullish technical structures, though they differ in maturity and context. XRP is retesting a significant breakout, while Solana is nearing confirmation of a long-term bullish pattern. Investor sentiment remains divided, with arguments on both sides grounded in technical indicators and broader market dynamics. Ultimately, the decision between the two depends on an individual’s risk tolerance and interpretation of technical signals.