Kraken Observes XRP’s Bullish Momentum: Price Eyes $3.650 Breakout

XRP has demonstrated significant bullish momentum, surpassing the $3.350 mark and consolidating gains with a potential breakout above $3.650. The cryptocurrency has outperformed Bitcoin and Ethereum, reaching a high of $3.660 before retracing slightly. This resurgence suggests renewed investor confidence, with Kraken traders closely monitoring key resistance levels for further upside potential.

XRP Price Could Restart Its Rally—Are Bulls Gearing Up Again?

XRP price has surged past the $3.350 mark, signaling a potential resurgence in bullish momentum. The cryptocurrency is now consolidating gains, with eyes set on breaching the $3.650 resistance level.

After settling above $3.250, XRP outperformed Bitcoin and Ethereum, climbing past the $3.320 resistance. A decisive push above $3.450 led to a test of the $3.650 zone, where a high of $3.660 was recorded. The price has since retraced below $3.60, breaking a key bullish trend line at $3.510.

Current trading below $3.50 and the 100-hourly Simple Moving Average suggests a cautious market. However, a rebound from the $3.350 support could reignite upward momentum. Resistance NEAR $3.550 remains the next hurdle for bulls aiming to retest $3.650.

Solana Surges Past $200 as Institutional Interest Grows

Solana's SOL token breached the $200 mark amid a broader altcoin rally, fueled by institutional accumulation and developer activity. The blockchain has gained 45% monthly, outpacing Ethereum's 60% and XRP's 66% gains since Bitcoin's breakout earlier this month.

DeFi Development Corp's strategic treasury buildup of 999,999 SOL signals institutional conviction. The firm's franchising model, backed by Kraken and Pantera, aims to create regional solana treasury vehicles—transitioning the chain from meme coin haven to institutional-grade infrastructure.