One of the most significant catalysts for a cryptocurrency’s growth and mainstream adoption is the introduction of an exchange-traded fund (ETF).
ETFs not only attract institutional investors but also open the doors for retail participants who might be hesitant or unfamiliar with buying crypto directly through blockchain platforms. Instead, many prefer the security and simplicity of stock exchanges.
XRP is now emerging as a strong contender to receive a spot ETF approval in the United States, potentially even ahead of well-known assets like Dogecoin and Solana. This is largely due to XRP’s impressive market liquidity and trading depth.
Recent analysis shows that XRP has surpassed Solana in liquidity metrics and currently boasts twice the liquidity of Cardano’s ADA.
While other tokens, such as Litecoin, may also have paths to ETF approval due to their similarities to Bitcoin, XRP is gaining attention thanks to its increasing activity and US-based trading volume, which is now at its highest level since 2021.
The path toward ETF approval has been shaped by past legal battles, notably involving Grayscale and the SEC. These events have set precedents and created momentum for broader ETF consideration across the crypto space.
As institutional and retail confidence grows, the entire industry is on the brink of entering a new era of mass adoption and financial recognition.
Source – 99Bitcoins on YouTube
XRP Holds Steady Near Support – Is a Breakout to $2.40 Still Possible?
XRP has seen a steady decline in price, closely mirroring Bitcoin’s recent downward trend. The correlation between the two assets remains high, likely above 80%, reinforcing the influence Bitcoin has on XRP’s movements.
The current price action for $XRP reflects a slow and measured pullback, with a clear resistance level previously noted around $2.17 to $2.18. As expected, the market rejected this level and is now testing support zones between $2.06 and $1.95.
The key level to hold remains $1.95, which marks the bottom of this range, with some imbalance still visible down to $1.85 — an area that could potentially be filled if bearish momentum persists. Despite the ongoing correction, there is still optimism that XRP can regain strength.
If the support around $1.95 holds, there’s a good chance of a rebound toward the $2.30 to $2.40 range. However, traders should remain cautious, especially with upcoming events like the anticipated Federal Reserve speech, which could introduce market volatility.
In case of a stronger pullback in Bitcoin toward the $80,000 region, XRP may also experience increased selling pressure, possibly testing the imbalance area around $1.87.
Still, spot holders who are confident in XRP’s long-term potential might see this as an opportunity. The overall outlook remains cautiously optimistic, hinging on key support levels and broader market sentiment.
New Solana Layer 2 Project Solaxy Secures $30M Ahead of TGE
Beyond XRP, other projects are also generating buzz. One such example is Solaxy (SOLX), a new Layer 2 solution being developed to support the Solana network.
The project has already raised over $30 million through its initial coin offering (ICO)—a particularly impressive feat given the current caution in the crypto market. Solaxy is more than just a trend; it offers a functional, future-proof network extension to Solana’s base layer.
With a design that emphasizes unmatched scalability, robust performance, and a forward-looking architecture, Solaxy aims to solve many of the network’s core issues.
Specifically, it addresses Solana’s congestion problems—an issue that became especially evident during periods of intense network activity, such as the release of high-profile meme coins.
Built with a rollup-based infrastructure, Solaxy is engineered for high throughput and seamless off-chain transaction processing. This setup helps eliminate bottlenecks that can lead to transaction failures or slowdowns—challenges that have plagued Solana during past congestion events.
By removing these roadblocks, Solaxy delivers smoother, faster, and more reliable transaction experiences, both during everyday use and peak traffic moments.
The project supports compatibility with both Ethereum and Solana while also ensuring liquidity across chains, making it attractive to developers and decentralized finance (DeFi) users alike.
The Solaxy presale is currently live, with each $SOLX token priced at $0.001696. Tokens are available through Best Wallet, a user-friendly crypto wallet that’s increasingly favored for presale participation thanks to its intuitive interface for viewing coins and managing staking.
Users can easily track their token holdings, view rewards, and monitor their share of the staking pool—all in real time. With an estimated 134% staking reward and a clear roadmap leading up to its token generation event (TGE), Solaxy is shaping up to be a strong contender in the next wave of successful presale launches.
Buzz surrounding its imminent release continues to grow, and with strong fundamentals beneath its meme coin branding, Solaxy could emerge as a defining project in the evolution of Solana’s blockchain infrastructure.
The combination of potential ETF approvals and innovation in blockchain scalability points to a rapidly evolving landscape. While established names like XRP and Solana may offer stability and slower growth, newer entrants like Solaxy present higher-risk, higher-reward opportunities.
Together, they reflect a broader trend of maturation and expansion within the cryptocurrency sector as it gains legitimacy and attracts growing interest from both institutional and retail investors. To take part in the $SOLX token presale, visit solaxy.io.