XRP News Today: XRP Falls 13% on SEC ETF Delays, Solana Targets $200–$250 as Ecosystem Expands

Ripple’s XRP and Solana-based assets have demonstrated resilience amid recent market turbulence, with legal developments and ETF speculation fueling optimism for both tokens. XRP, the native asset of Ripple, has seen renewed institutional interest following a partial legal victory in March, which analysts view as a stepping stone toward potential spot ETF approval. Jamie Elkaleh of Bitget Wallet noted that this progress has strengthened expectations for XRP futures products and enhanced the token’s legitimacy [2]. Despite a recent pullback to $3.09 after briefly surpassing $3.60, the price movement was supported by $105 million in liquidated long positions and a $175 million transfer linked to Ripple co-founder Chris Larsen. Ryan Lee of Bitget Research emphasized that continued momentum could push XRP toward $3.50–$4, contingent on favorable regulatory developments [3].

The U.S. Securities and Exchange Commission’s (SEC) delayed approval of a crypto ETF application in July triggered broader market jitters, with XRP losing 8% during the July 24–25 session as $105 million in long positions were liquidated [4]. The token’s 13% decline in 24 hours, pushing it below $3.10, underscored uncertainty around the unresolved Ripple-SEC lawsuit. However, analysts describe the pullback as a “healthy reset,” with the $2.80 level emerging as critical support. Ripple’s movement of 200 million XRP tokens, though not explicitly tied to market conditions, has drawn attention, reflecting the token’s growing institutional recognition [5].

Solana’s SOL token has also attracted investor focus, trading near $197 with analysts projecting a potential target range of $200–$250. The platform’s ecosystem growth, including meme tokens like BONK and DeFi projects, has driven adoption. BONK rebounded sharply after an 18% intraday swing, leveraging Solana’s scalability and low transaction fees to fuel speculative interest. Projects such as MoonBull ($MOBU) and Book of Meme (BOME) have capitalized on viral engagement, though their long-term sustainability remains unproven [6].

Market dynamics for both assets are influenced by macroeconomic factors and regulatory clarity. While XRP’s legal challenges and ETF prospects remain pivotal, Solana’s ecosystem success hinges on sustainable use cases and institutional adoption. The broader cryptocurrency market mirrored this volatility, with Bitcoin dipping below $116,000 and SOL falling up to 5% amid liquidation pressures [7]. Analysts remain divided: some view the downturn as a necessary consolidation phase, while others caution prolonged bearish sentiment if the SEC’s ETF approval process stalls [1].

The path forward for XRP and Solana depends on regulatory developments, macroeconomic stability, and ecosystem growth. For XRP, a more moderate SEC stance and progress toward a spot ETF could catalyze new investments. Solana’s momentum, meanwhile, relies on expanding decentralized finance initiatives and maintaining its appeal to retail investors. Investors are advised to monitor on-chain metrics, legal updates, and Federal Reserve policies as key drivers of near-term performance.

Sources:

[1] [XRP drops 6% as SEC delays Bitwise crypto ETF — is this ...](https://m.economictimes.com/news/international/us/xrp-sinks-6-percent-again-as-sec-delays-bitwise-crypto-etf-is-the-dip-a-red-flag-or-a-golden-buy-signal-heres-the-2025-xrp-price-prediction-you-need-to-see/articleshow/122859722.cms)

[2] [XRP's Sharp Drop: A 'Healthy Reset' or Start of Deeper ...](https://cryptoadventure.com/xrps-sharp-drop-a-healthy-reset-or-start-of-deeper-trouble/)

[3] [Price Expectations and the Impact of ETFs](https://coinmarketcap.com/community/articles/6884806fa2b19d5e4bbabf7a/)

[4] [XRP Volatility Spikes With $105M in Longs Liquidated ...](https://cryptoadventure.com/xrp-volatility-spikes-with-105m-in-longs-liquidated-amid-etf-jitters/)

[5] [XRP price staggers as Ripple moves 200 million tokens](https://www.bitget.com/news/detail/12560604879658)

[6] [BONK Drops 9% From Peak as Exchange Transfers ...](https://sg.finance.yahoo.com/news/bonk-drops-9-peak-exchange-150928602.html)

[7] [Crypto price today: Bitcoin slips below $116000 amid ...](https://m.economictimes.com/markets/cryptocurrency/crypto-news/crypto-price-today-bitcoin-slips-below-116000-amid-liquidations-solana-xrp-fall-up-to-5/articleshow/122902943.cms)