Solana and XRP posted solid gains amid rising institutional interest. XRP surged on major corporate allocations, while Solana’s rally was backed by high Q1 revenues and strong futures activity.Solana and XRP saw strong gains on Monday, driven by rising institutional interest and positive momentum in the broader crypto market.
Solana surged 8% to $156.9, while XRP gained 2.5% to reach $2.20 in intraday trade.
According to Ryan Lee, Chief Analyst at Bitget Research, XRP’s rally is being fuelled by significant corporate allocations, with institutional treasuries holding over $470 million worth of the token. “Firms like Webus International ($300 million), VivoPower ($121 million), and Wellgistics ($50 million) have allocated sizeable amounts to XRP,” Lee said, highlighting its appeal as a low-cost, high-speed settlement solution.
He added that this growing corporate interest reflects greater regulatory clarity and rising demand, creating the conditions for a long-term uptrend. “With XRP trading around $2.20, continued institutional buying and momentum from potential ETF listings could drive the price toward $3 to $5 by June 2025 — although legal developments will remain a key factor.”
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Meanwhile, Solana is also attracting renewed investor attention. The token is hovering near $155, underpinned by strong fundamentals. On-chain data show Solana’s application revenues exceeded $1.2 billion in Q1, and futures open interest is rising — signalling both speculative and institutional participation.
“Despite intermittent technical setbacks, Solana’s ecosystem continues to expand,” Lee noted. “With ETF support and ecosystem growth, SOL could rally toward $200-$250 in the near term, and potentially test $300 if current momentum sustains.”
While the outlook for both altcoins appears promising, analysts advise investors to remain cautious of regulatory risks and potential network disruptions.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
