Solana (SOL) has staged a notable recovery, bouncing from a recent low of $145.66 and reclaiming the important $150 resistance level. As of the latest data from CoinMarketCap, SOL trades around $154.41, marking a 3.36% gain over the past 24 hours. Trading volume has also surged, climbing nearly 10% to reach $4.28 billion.
Over the past week, Solana has gained an impressive 15.93%, fueling bullish sentiment among traders. Crypto analyst DonAlt suggested SOL could rally toward the $200 level, especially as geopolitical developments, such as the U.S. trade tariffs, create favorable conditions for alternative investments.
Optimism surrounding Solana’s ecosystem is also growing, with attention shifting to pending SEC decisions on ETF filings that include Solana. Hopes are high that the arrival of a new SEC chair could expedite approvals, potentially paving the way for greater institutional adoption and a stronger price rally.
Ripple CEO Hails CME Group’s Upcoming XRP Futures Launch
Meanwhile, Ripple CEO Brad Garlinghouse reacted positively to CME Group’s announcement of upcoming XRP futures, calling it “an incredibly important and exciting step” for the broader XRP ecosystem. Garlinghouse shared his thoughts on X (formerly Twitter) following CME Group’s disclosure.
CME Group, a dominant force in the futures market, plans to launch XRP futures on May 19. The company already commands the largest share of Bitcoin futures open interest, with $13.14 billion out of a $65 billion total, according to CoinGlass. The launch of XRP futures adds to CME’s suite of regulated crypto products, following Bitcoin and Ethereum futures introduced in 2018 and 2021, respectively.
The move marks a major milestone for XRP, potentially attracting more institutional investors and driving further market expansion.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/solana-price-regains-momentum-as-ripple-eyes-major-institutional-milestone/