Solana (SOL) up 7%, Can SOL Beat XRP's Latest Run?

Solana (SOL) is on a bullish run today as it joins the altcoin resurgence on the market. At the time of writing, the coin is up by 7.2% over the past 24 hours to $24.79, and in the past week, the coin has printed a total growth of 16%.

Timeline of Solana, Xrp

As digital assets continue to sway global markets, a recent analysis by Fineqia paints a vivid picture. Amidst an impressive 70% growth in Exchange Traded Products (ETPs) AUM, Ripple's XRP shines as the star performer. Institutional Interest in #XRPThe ruling in the SEC v.

Both the XRP Network (XRP) and the Ethereum Network (ETH) are among the most used crypto networks, considering the daily number of transactions being carried out in Ripple's public ledger and Ethereum's blockchain. A metric that reflects the demand for their technologies.

XRP is capturing the attention of traders and investors as it approaches a critical juncture on the price charts. Crypto analyst CoinsKid has highlighted the potential for a significant price surge if XRP manages to overcome a crucial technical barrier.

Solana (SOL) has recently been bullish, outperforming many other major cryptocurrencies. The network's scalability, boasting speeds of up to 65,000 transactions per second, has positioned it as a contender.

David Schwartz, who is the chief technical officer of Ripple fintech giant, has issued a post on X (formerly Twitter), commenting on the list of cryptocurrencies that the SEC regulator sees as securities.

Mark Yusko, renowned investor and founder of Morgan Creek Capital Management, has recently stirred the pot with claims surrounding Ripple's XRP. In a candid interview, Yusko asserted that, although he sees potential in Ripple's XRP, there's very little evidence to support any genuine adoption.

In a fascinating turn of events, XRP, the digital currency associated with blockchain company Ripple, is making headlines once again. Following Ripple's recent legal victory against the U.S.

XRP price downtrend from the Ripple ruling triggered rally early last month to $0.93, has continued to kill investor sentiment, with declines stretching to $0.60. However, with support at this level seemingly intact and XRP testing resistance at $0.65, there is a glaring possibility of gains extending to $0.7 and $1, respectively.

One of the latest developments that has caught the attention of the crypto community concerns Gemini, the renowned cryptocurrency exchange founded by the Winklevoss brothers in 2015, which appears to be hinting at a significant move regarding the listing of Ripple (XRP).

Soon after the Ripple court ruling last month in mid-July, the XRP price gained nearly 100% in a week's time reaching the 2023-high of $0.85. However, it has entered into major retracement with XRP now trading at $0.64 and a market cap of $33 billion.