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Solana’s 18-Month Dominance Over Ethereum Collapses—XRP’s Mini-Rally Stalls

Solana’s 18-Month Dominance Over Ethereum Collapses—XRP’s Mini-Rally Stalls

Author:
Coindesk
Published:
2025-05-29 12:05:37
20
1

Solana’s hot streak against Ethereum finally cools off after a year and a half of outperformance—just as XRP’s brief bullish momentum fizzles. Traders pivot, memes fade, and the crypto carousel spins again.

Was it fundamentals? Or just another case of ’number go up’ fatigue? Either way, the market’s attention span proves shorter than a degenerate’s leverage window.

SOL/ETH ratio. (TradingView)

Additionally, the weekly chart MACD histogram is printing red, indicating a strengthening of the downside momentum.

The immediate support is seen at 0.055 (the Feb. 25 low). The pair needs to MOVE back above the Ichimoku cloud to negate the SOL bearish outlook.

XRP loses uptrend

Another coin showing a shift in market trend is XRP, the cryptocurrency designed for cross-border payments.

XRP has dived out of a bullish ascending channel, marking the recovery from the early April lows NEAR $1.6.

XRP’s daily chart. (TradingView)

The breakdown has exposed support at $2, which acted as floor several times early this year. Should the buyers fail to defend that, a deeper slide to $1.60 could be seen.

On the higher side, the recent high of $2.65 is the level to beat for the bulls.

|Square

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