Solana and XRP Lead the Crypto Market Rebound, Analysts Still Hold Bullish Forecasts

The crypto market has staged a notable recovery this week after last week’s crash. Among the top 10 cryptos, Solana and XRP are among the biggest gainers. The price of XRP has jumped by 7.3% over the last 24 hours to rise to the $2.20 level.

Solana has also gained by 5.4 percent to jump above $135. As the market remains bullish, analysts are of the view that Solana and XRP prices will keep increasing in the coming weeks, with new highs being the possible targets.

Solana Approaches $140 Amidst Crypto Markets Recovery

Solana has been among the largest gainers as the crypto market rebounds this week following reports of a potential rate cut. The Solana price has gained 5.4% in the last 24 hours, rising from its monthly low of $121 to test the $140 resistance level.

The SOL price rally comes amidst increasing interest in Solana ETFs. Over the last 24 hours, Bitwise recorded its largest daily inflows at $39.5 million. This trend highlights the growing interest in Solana ETFs, as it went through the crypto bear market of November without any daily outflows. 

Solana ETFs are on a 20—day inflow streak, with a total of $567 million since they launched. The massive, consistent inflows of funds into Solana ETFs are one of the reasons why analysts believe that the SOL price rally could continue. 

According to the pseudonymous CryptoCurb, Solana is forming a symmetrical triangle on the 3D price chart. If Solana breaks out, the analyst predicts that the first measured move could send the price of Solana to $500, which will be a new all-time high.

XRP Pumps 7% as Franklin Templeton Debuts Latest Crypto ETF

In addition to the crypto market recovery this week, the Franklin XRP ETF just listed on the New York Stock Exchange Arca. The Franklin Templeton new fund will mirror the performance of XRP as measured by the NY Variant of the CME CF XRP-Dollar Reference Rate.

In addition, Grayscale also uplisted its XRP and Dogecoin funds on the same exchange. The price of XRP has increased more than 7 percent in the past 24 hours, with the bullish momentum. Subsequently, the XRP has made its first move to above $2.2 in a week.

With XRP rising back above $2, analysts are optimistic that the altcoin could still be in a bull market. According to the analyst, Charting Guy, XRP is in phase four of the five-phase pattern. 

Based on the breakout from 2-3, Charting Guy has predicted that the 4-5 extension could send the price of XRP as high as $8. This represents an increase of around 265% from the current XRP price of $2.2.

In Summary

The recent market recovery has renewed hopes that the bull market could still be in play. If the bull market extends into 2026, then, as the analysts have predicted, we could see the prices of Solana and XRP surge to new all-time highs.