XRP and Solana (SOL) are showing signs of resilience, attracting strong institutional investment even as the broader cryptocurrency market has slipped into the red. A sharp sell-off was triggered on Friday by , prompting a “risk-off” reaction across most asset classes.
XRP and Solana (SOL) are showing signs of resilience, attracting strong institutional investment even as the broader cryptocurrency market has slipped into the red. A sharp sell-off was triggered on Friday by , prompting a “risk-off” reaction across most asset classes.
While major cryptocurrencies like Bitcoin experienced losses, both XRP and SOL maintained upward pressure. This divergence suggests a market flight to quality within crypto, as investors target assets with powerful, project-specific catalysts.
XRP is currently trading at $2.15, and remains a focal point for corporate treasury strategies. Public companies have now disclosed over $470 million in planned allocations to acquire the token for their financial infrastructure. These include a $300 million XRP treasury plan from Webus International and a commitment from VivoPower.
Bitget Research Chief Analyst Ryan Lee noted that this concentration of purchases shows a strategic move by firms toward faster, lower-cost transaction systems. Lee stated that if pending legal and ETF developments resolve favorably, XRP could see prices as high as $5 by mid-2025, though he noted that regulatory risks remain.
Solana has also drawn significant attention from institutions, with its token SOL trading at $147. The price strength aligns with impressive on-chain activity, which included over $1.2 billion in application revenue during the first quarter. Data also shows a steady increase in open interest in Solana-linked futures markets.
Adding to this narrative, the DeFi Development Corporation recently announced plans to raise as much as $5 billion to expand its SOL treasury. Analyst Ryan Lee stated that if these investment flows continue, SOL could approach a range of $200 to $250 in the short term, with potential for further upside beyond $300.
