Solana News Today: Solana Surges 9.7% as Altcoins Rally on ETF Inflows

XRP and Ethereum have seen significant gains, with XRP surpassing its 2018 all-time high and Ethereum trading above $3,300. This surge in altcoins has led to speculation about whether Solana, another prominent altcoin, will follow suit. Solana has shown a 9.7% gain over the past week, currently trading at $175.15. The recent surge in Solana's price is attributed to multiple bullish catalysts, including the launch of Virtune's Staked Solana ETP on Deutsche Börse Xetra, which offers regulated exposure to SOL with staking rewards. The spillover effect from Ethereum's massive ETF inflows has also created additional demand for high-beta altcoins like Solana.

The technical picture for Solana presents a compelling bullish case across multiple indicators. Solana has broken a price resistance level that has been in play since early 2025. The Relative Strength Index (RSI) for SOL is at 68 points, indicating strong bullish momentum without yet reaching the overbought threshold of 70. This suggests that buyers are in control and have room to push prices higher before hitting exhaustion levels. The Average Directional Index (ADX) for SOL is at 21, suggesting that the bearish correction that took the price of SOL down 47% from May highs is weakening. For traders, this means SOL could be on the verge of a confirmed bullish breakout. The Exponential Moving Averages (EMAs) for SOL show a 50-day EMA currently below the 200-day EMA, typically a bearish signal. However, the price has decisively broken above both averages, currently trading around $175 while the EMAs sit near the $160 price zone. As the two EMAs approach, we may be about to enter into a golden cross scenario, further confirming Solana’s transition from bearish to bullish. The Squeeze Momentum Indicator for Solana shows "off" status, indicating volatility has already been released from a previous compression phase. This suggests SOL has moved out of consolidation and is now in an active trending phase, which typically supports continued directional movement rather than choppy sideways action. The visible range volume profile shows significant trading activity in the $150-160 zone, creating a strong support base. This high-volume node acts as a "magnet" that should provide support on any pullbacks, as many traders have positions in this area they're likely to defend.

XRP has delivered stunning returns for its true believers, surging as high as $3.47 today, breaking past its 2018 all-time high of $3.40. It now seems like a near-certainty that XRP will hit at least $3.50 sooner rather than later, with users placing the odds at a commanding 95%. The current price represents a massive rally fueled by regulatory optimism surrounding crypto-friendly bills in the U.S. Congress and the launch of ProShares' XRP Futures ETF. With the token now practically in price discovery mode after breaking its long-standing triangle pattern, the technical setup suggests potential for significant further gains if the all-time high is decisively broken. XRP's technical indicators are firing on all cylinders, painting an extremely bullish picture. The RSI reading of 87 indicates extreme overbought conditions, as readings above 70 typically signal overextension. However, in strong trending markets, especially when breaking multi-year highs, RSI can remain overbought for extended periods. This is what traders call "embedded RSI," where the indicator stays above 70 while price continues higher. While it warns of potential short-term pullbacks, it also confirms exceptional buying pressure that often accompanies historic breakouts. With its ADX at 40, XRP shows an exceptionally strong trend. Readings above 25 indicate strong trends, but levels above 40 signal what is referred to as "power trends"—moves so strong they often continue beyond logical targets. Momentum traders should stay with the trend rather than fight it—but those who missed the bus should probably wait for a better moment unless they can handle the risk or a normal correction after all-time high levels. Unlike Solana, XRP displays a perfect bullish EMA setup with the 50-day EMA well above the 200-day EMA. The price at $3.47 trades significantly above both averages, with strong separation between them. This configuration typically indicates a mature uptrend with institutional support, as longer-term investors have been accumulating throughout the move. Technically speaking, the coin is so bullish that even a 25% drop would remain healthy and inside the broader bullish trend.

In summary, the recent gains in XRP and Ethereum have sparked interest in whether Solana will follow suit. The technical indicators for Solana suggest a bullish outlook, with the potential for a golden cross scenario further confirming its transition from bearish to bullish. XRP's technical indicators also paint an extremely bullish picture, with the potential for significant further gains if the all-time high is decisively broken. The overall market sentiment remains positive, with the total market cap reaching $3.86 trillion, up 1.40% in the last 24 hours. Bitcoin, though flat on the day, is still just below $120,000, holding a commanding $2.3 trillion in market cap on its own. Traditional markets show mixed signals, with the S&P 500 losing 0.40% and closing at 6,243.76, easing from a fresh record high reached earlier in the session. The Nasdaq was an overperformer, adding 0.18% and posting a record close of 20,677.80. The macro picture continues to look promising for risk assets, with the cryptocurrency market marching forward on its recent rally. The overall sentiment remains bullish, with the potential for further gains in altcoins like Solana and XRP.