
Solana rallies 35% since May, with TVL at record highs, but faces key resistance near $250 before aiming for long-term targets up to $500.
For Solana to flip XRP’s projected $300B market cap, SOL would need $600–$700 levels, driven by adoption, capital inflows, and ecosystem growth.
Solana (SOL) has been making headlines recently after a 35% rise since May. The broader crypto market rally, which began in July following the passage of the Genius Act, has supported this move. The legislation was seen as a positive shift for stablecoin-focused blockchains, with Solana among the main beneficiaries.
Price Action and Resistance
SOL is now approaching important resistance levels against both Bitcoin and Ethereum. This suggests its recent strength could ease in the short term. On-chain data also shows a steady decline in active wallets since early 2025, a trend that often signals caution for traders. Still, if the overall market continues higher, SOL is expected to follow.
DeFi Growth and Capital Flows
Despite weaker wallet activity, Solana’s total value locked (TVL) in DeFi has reached record highs. Most of this growth appears to come from new capital moving in, including from real-world assets (RWAs). This inflow shows that liquidity on Solana is expanding and that the ecosystem is continuing to attract investment.
Price Outlook
Analysts see a short-term target for SOL between $350 and $375 if it breaks above $250 resistance. Failure to hold could mean a move back to $125. Longer term, the coin could climb toward $500, supported by technical patterns and increasing adoption.
At the time of writing, SOL is trading at $196 and is down by more than 3% in the last 24 hours.
Can Solana Flip XRP?
XRP is projected to reach $4.5–$5 in this cycle, which would give it a $300 billion market cap. For Solana to move ahead, it would need to surpass this figure. That would place SOL closer to $600–$700. Whether this happens depends on Solana’s roadmap milestones, capital inflows, and continued ecosystem growth.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
For Solana to surpass XRP, its price would need to reach $600-$700. This depends on achieving key roadmap milestones and sustaining high capital inflows.
While approaching key resistance, SOL shows strength with record DeFi growth. Investors should monitor if it holds above $250 for a bullish signal or risks a drop to $125.
Analysts see a short-term target of $350-$375 if SOL breaks resistance. The long-term outlook suggests a potential climb toward $500-$700, depending on market adoption.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.