Solana News Today: BlackRock Delays Crypto ETF As XRP and SOL Test Key Levels

BlackRock’s decision to delay the launch of a crypto ETF has intensified volatility in the digital asset space, shifting attention toward XRP and Solana (SOL) as both tokens hover near critical technical levels. XRP is currently approaching a key $3.64 resistance mark after posting steady gains of nearly 4% in the last week and over 16% in the past month. Over the past six months, it has risen about 29%, suggesting continued potential for growth should it break through the $3.64 level, with $4.12 identified as the next target. A firm support level at $2.68 remains crucial for maintaining upward momentum [1].

Meanwhile, Solana is testing its $202 resistance with a recent weekly gain of nearly 5% and a monthly increase of over 10%. Although it has declined by nearly 10% in the past six months, its current price range between $167 and $192 reflects resilience. A breakout above $202 could drive the price up by approximately 7%, with $227 as the next major resistance. With an RSI of around 54, Solana appears in a neutral position, signaling potential for further bullish movement if buyers step in at key levels [1].

The market's renewed focus on XRP and SOL comes at a pivotal time. Analysts and traders are closely watching whether the price movements reflect genuine breakout momentum or a deceptive bull trap. The rejection of BlackRock’s ETF is seen as a short-term headwind, but also as a catalyst for increased volatility. Investors are advised to remain cautious and monitor price action closely in the coming days as both assets stand at critical decision points [1].

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As XRP and SOL continue to test key levels, the broader market remains in a state of anticipation. Whether these tokens can solidify their upward momentum or face setbacks will depend on how institutional and retail investors respond to BlackRock’s ETF decision and evolving market conditions. For now, the technical indicators suggest a scenario where either a breakout or a correction could unfold, depending on the strength of buying interest [1].

Source: [1] BlackRock’s ETF ‘No’ Puts XRP vs. SOL in Spotlight: Breakout or Bull Trap? (https://bitzo.com/2025/08/blackrocks-etf-no-puts-xrp-vs-sol-in-spotlight-breakout-or-bull-trap)