Crypto News: XRP Could Drop to $1.1 While Solana Sends Bullish Signals

In the case of XRP, the token booked a 20.2% gain in the past 7 days. Meanwhile, SOL delivered an even better 30.8% return during this period as a meme coin called Fartcoin (FART) boosted the trading volumes of the network’s decentralized exchanges (DEXs).

This week has started with a positive tone after President Trump exempted 20 product categories from being impacted by these higher levies. The group includes consumer electronics like smartphones and laptops that are mostly imported from China.

The Fear and Greed Index has improved significantly compared to last week when it dropped for a second time to a record low of 15. At the time of writing, this sentiment gauge sits at 29. Although investors are still a bit concerned about Trump’s erratic trade policies, his backpedaling may have temporarily appeased the market’s concerns.

As a result of this recent uptick, XRP’s performance is now in positive territory for the year as the token has delivered gains of 4% in 2025, making it the best-performing cryptocurrency of the top 5.

Meanwhile, SOL trimmed its annual losses from around 48% at some point to 30% as of this morning.

XRP Could Still Lose Half of Its Value

Looking at the weekly chart for XRP, the token has been on a downward trajectory since it retested its all-time high of $3.4 per coin back in January this year.

The decline started right after a bearish divergence popped up in the Relative Strength Index (RSI) as the oscillator made a lower high while the price jumped to a higher level.

The past two times that XRP has stepped out of oversold territory in the RSI, it resulted in 60% losses from its local top. If the native asset of the Ripple network experiences a similar downturn this time, this could translate into a 50% drop from its current levels.

This means that XRP could still go down to $1.1 in the next few months despite its latest recovery.

The MACD’s histogram shows that negative momentum has been accelerating in the past 6 weeks.

Considering how depressed the market’s sentiment has been lately and the state of the macroeconomic backdrop at the moment, XRP dropping to $1.1 is not a far-fetched scenario at all.

Solana (SOL) Invalidates Bearish Pattern

We have been keeping track of how Solana performed relative to a bearish price pattern called a descending triangle that had been forming in the past few months.

Today’s strong jump is temporarily invalidating that pattern during Monday’s Asian session at a point when momentum indicators have been improving.

The MACD’s histogram recently made a lower reading (light red bar), meaning that negative momentum is slowing down while the Relative Strength Index (RSI) seems poised to retest the signal line from below.

As the week is just beginning, it is still too early to tell if this bullish move will either expand or retreat.

The American session could provide stronger evidence of what could happen to SOL in the next few days.

Strong volumes this week alongside a move to the $146 zone would confirm a bullish outlook for SOL that could propel its price to around $178 per token in the next couple of weeks.

Meanwhile, the $100 level is the most relevant support to watch in case the market resumes its downtrend as there has been strong demand from investors every time the price has dropped to these levels.