XRP News Today: Solaxy Surges 83% on Presale Hype and Mainnet Launch

In the third quarter's volatile start, the top crypto movers showcased a risk-on appetite that contrasted with the jitters in traditional finance. Solaxy (SOLX) led the charge with an 83% spike, driven by post-presale hype and anticipation of its Solana Layer-2 mainnet. Hashflow (HFT) also rallied, up 62%, following renewed attention around its Solana integration and improved tokenomics. Meanwhile, Maverick Protocol (MAV) saw a 29% jump as capital rotated into low-FDV altcoins. Arbitrum (ARB) stumbled despite Robinhood’s Layer-2 expansion, and XRP steadied after a legal breakthrough, awaiting ETF catalysts. The divergence across these tokens mirrors the broader market mood, where short-term speculation is heating up, even as macro headwinds mount.

Solaxy's surge was fueled by its $58 million presale that ended on June 23, setting the stage for a speculative rally. Its debut on Uniswap saw significant volume, and the upcoming July 7 mainnet launch has sparked more interest. With SOLX addressing Solana congestion via off-chain bundling and promising 10,000 transactions per second, it’s drawing comparisons to the $BONK rally, despite developer adoption still being untested.

Hashflow's price increase was driven by its accessibility on Binance via Solana, boosting exposure. A clear token unlock schedule with no sudden vesting dumps reassured investors. Technically, HFT broke resistance at $0.126 with high RSI, despite being in overbought territory. Its controlled inflation model and ecosystem outreach are driving bullish sentiment.

Maverick Protocol's jump was driven by capital rotation into low-FDV tokens amid rising BTC dominance. With a fully diluted valuation of just $57.7 million and a microcap market cap of $0.84 million, traders are viewing MAV as a high-beta altcoin. Technical breakout signals, rising RSI, and volume explosion are supporting the narrative. However, 91.6% whale holdings make it a volatile play.

Arbitrum's crash was due to profit-taking after its 46% rally tied to Robinhood’s Layer-2 blockchain partnership. Despite Robinhood’s launch of tokenized stocks and crypto futures on Arbitrum, influencer dumps and a bearish “death cross” on charts flipped the sentiment. While the long-term outlook remains tied to real-world asset tokenization, short-term price action is currently bearish with weak momentum.

XRP remained steady as Ripple officially ended its legal battle with the SEC via a $50 million settlement. With appeals dropped, the market anticipates the launch of spot XRP ETFs in July. XRP also saw a technical boost from XRPL’s new EVM-compatible sidechain, enabling cross-chain DeFi and using XRP as gas. Analysts expect inflows if firms like BlackRock launch ETFs, with potential for significant ETF-driven liquidity over the coming months.

Markets opened the second half of the year with caution, digesting political drama and lingering uncertainties around trade and tariffs. President Trump’s sweeping “One Big Beautiful Bill” edged closer to final Senate approval, with Republican lawmakers negotiating through a marathon vote-a-rama. While banks back the bill for its short-term economic boost and tax cut extensions, concerns around its $3 trillion deficit impact remain front and center. Investors are watching closely as the legislation attempts to stave off a 2026 fiscal cliff triggered by the expiration of Trump’s 2017 tax cuts. Meanwhile, Fed Chair Jerome Powell confirmed that rate cuts would likely have occurred already if not for the inflationary impact of Trump’s tariff policy. Despite criticism from the White House, Powell emphasized that monetary decisions will remain data-dependent, leaving July’s outcome uncertain.

On Wall Street, the S&P 500 dipped 0.3% following a record-breaking Q2 close, while Tesla plunged 5% after Trump called for a review of Elon Musk’s federal subsidies, escalating their ongoing feud. Broader sentiment remains cautiously bullish with traders hopeful that Trump’s 90-day tariff reprieve will be extended amid active trade negotiations. In Europe, markets wavered as the Bank of England hinted at a gradual rate-cut trajectory, while UK fiscal headwinds loom.

Asian equities traded mixed, reflecting a split reaction to U.S. gains and tariff fears. The U.S. ISM manufacturing index came in better than expected, but consumer tech and biotech saw pressure amid regulatory rumblings around Medicare rule changes. With Fed expectations softening and macro risk still high, investors appear to be treading water ahead of key fiscal and trade developments.

Closing out the day, it’s clear investors are embracing calculated risks in the altcoin space, particularly within infrastructure and DEX tokens. SOLX and HFT’s breakouts were powered not just by headlines but by clear on-chain volume confirmations, indicating real participation, not just bots or whales. Retail seems to be selectively rotating capital into coins with near-term roadmaps, while institutions sit on the sidelines awaiting clarity on ETF approvals and interest rate directions. MAV’s sharp move despite its whale-heavy profile reinforces how fast sentiment can swing in microcaps under the right narrative.

Zooming out, while crypto traders are leaning into momentum plays, equity markets are showing signs of fatigue. Tesla’s sharp pullback and Powell’s hawkish hold reflect a global investor base that’s still uncertain about inflation, fiscal policy, and growth. With rate cut timelines drifting and Trump’s controversial “Big Beautiful Bill” nearing the finish line, the macro backdrop is anything but stable. Yet, the altcoin surge suggests retail is positioning early, anticipating that when fiscal taps open, risk assets will catch a bid, starting with tokens that show life before the rest.