Solana News Today: XRP, SOL, BNB Hit Records with 64%, 46%, 28% Gains as Altseason Turns Green

XRP, SOL, and BNB have collectively reached record levels in recent trading sessions, signaling renewed vigor in the altcoin market. The altseason indicator, a gauge of market breadth and investor sentiment, has flipped to a "green light" status, suggesting favorable conditions for alternative cryptocurrencies beyond Bitcoin and Ethereum [1]. Analysts are closely monitoring price movements in these three tokens, which have demonstrated robust technical patterns and strong relative strength metrics. XRP, the native token of Ripple, has surged nearly 64% in a month, trading between $2.95 and $3.81. Its relative strength index (RSI) suggests an underbought condition, with key resistance levels at $4.16 and $5.02 acting as potential catalysts for further gains. A sustained close above $2.45 is seen as critical for maintaining bullish momentum. Meanwhile, Solana’s SOL has climbed 17% in a week and 46% over a month, currently hovering near $192. Despite a 24% decline in the six-month timeframe, its RSI at 35 indicates undervaluation, with investors eyeing a $202 resistance level before testing $230. BNB, Binance’s token, has gained 28% in a month, trading between $699 and $790. A breakout above $823 could target $915, representing a 15% potential rise, while support remains anchored at $641 [1]. The confluence of these price trends and technical indicators underscores a broader shift in market dynamics. XRP’s focus on cross-border payments and regulatory clarity, Solana’s high-performance blockchain infrastructure, and BNB’s role in Binance’s ecosystem have positioned them as key players in the current bull cycle. The altseason signal, which tracks the proportion of altcoins in positive territory, has historically correlated with extended periods of altcoin outperformance. This development has attracted both retail and institutional attention, with on-chain data showing increased open interest and trading volume in derivatives markets linked to these tokens. However, analysts caution that while the current trajectories are optimistic, volatility remains inherent in crypto markets. A breach below key support levels could trigger corrective phases, necessitating prudent risk management. The market’s reaction to macroeconomic factors, such as Federal Reserve policy shifts or global regulatory updates, will also play a pivotal role in sustaining this momentum.

Source: [1] [XRP, SOL, and BNB Post New Highs as Altseason Indicator Signals Green Light] [https://bitzo.com/2025/07/xrp-sol-and-bnb-post-new-highs-as-altseason-indicator-signals-green-light]