XRP and Solana Attract Institutional Support as Bitcoin Stalls on Macro Headwinds

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.