XRP and Solana Ignite Bullish Frenzy as Bitcoin and Ethereum Falter

Market dynamics shift dramatically as altcoins seize momentum from crypto giants.

XRP and Solana Charge Ahead

While Bitcoin struggles to hold support levels and Ethereum faces selling pressure, these altcoins are posting impressive gains—defying the broader market sentiment and attracting institutional attention.

The Changing of the Guard

Traders are rotating out of established names into faster-moving assets, betting on higher short-term returns despite what traditional finance analysts might call 'speculative froth'—but then again, they said the same about internet stocks in 1999.

Market participants are watching whether this rotation represents temporary momentum or a fundamental shift in crypto leadership—because nothing says 'healthy market' like watching billion-dollar assets trade like meme stocks.

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New data from Deribit shows a divided outlook for top cryptocurrencies. XRP and Solana are signaling strength with call options, which are bets on higher prices, trading at a premium to puts across key expiries. bitcoin and Ethereum, by contrast, are leaning bearish as puts trade higher than calls.

For XRP, December calls are priced six volatility points above puts, pointing to confidence in a year-end rally. solana options are even stronger, with December calls trading 10 volatility points above puts.

ETF Excitement Lifts XRP’s Price

The Optimism around XRP is tied to mounting speculation about exchange-traded funds in the United States. At least six major issuers, including Bitwise and WisdomTree, have pending filings for spot XRP ETFs. The Securities and Exchange Commission has delayed rulings until late October, creating the potential for several approvals to land at once.

XRP backers are openly predicting a price surge if approval arrives. Some traders believe first-month inflows could exceed five billion dollars, with targets as high as fifty dollars by the end of the year. XRP currently trades around two dollars and eighty-eight cents.

Solana’s Speed Upgrade Sparks Institutional Hopes

Solana’s bullish tilt comes after the network’s Alpenglow upgrade, which passed with more than 98 percent staker support. The change cuts transaction finality times from over twelve seconds to just 100 to 150 milliseconds, making Solana one of the fastest blockchains operating today.

Analysts say the upgrade could help Solana gain adoption in real-time trading, fast strategies and institutional arbitrage. The speed boost brings it closer to matching traditional financial systems, making it a blockchain that big investors may actually use.

Bitcoin and Ethereum Show Caution

Bitcoin and ethereum are telling a different story. Options data shows puts are more expensive than calls across multiple expiries, suggesting traders are hedging against further weakness.

Bitcoin has struggled to hold momentum above one hundred thousand dollars, with slowing ETF inflows, profit taking by long-term holders and capital rotation into other assets all weighing on price action. Ethereum has slipped back to around four thousand three hundred dollars after touching nearly five thousand dollars last month.

This divide highlights how traders see the market right now. Confidence is building around XRP and Solana, while caution still hangs over Bitcoin and Ethereum.

Investors can track prices of their favorite cryptos on the TipRanks Cryptocurrency Center. Click on the image below to find out more.