Are altcoin seasons coming? Ethereum breaks $3500, XRP hits all-time high, SOL rise analysis and key levels.

Crypto Assets market sees a broad rise, alts shine, can SOL take the baton?

The current market atmosphere strongly indicates the arrival of the altcoin season. Bitcoin (BTC) has returned above $120,000 today, but the trend is flat, and the attention of cryptocurrency traders has clearly shifted to other assets: Ethereum (ETH) has strongly突破 the $3,500 mark, currently reported at $3,567.33, with a 24-hour rise of 5% and a weekly rise of as much as 20%. Ripple (XRP) has risen 12% today, surpassing its historical high from 2018. So, will Solana (SOL), which is currently ranked outside the top five by market capitalization and is seen as a strong competitor to Ethereum, become the next star to explode?

The macroeconomic environment is favorable for risk assets, and the cryptocurrency market capitalization has reached a new high

The overall macro environment remains favorable for risk assets. The cryptocurrency market continues its recent rise, with a total market capitalization reaching $3.887 trillion, a slight decrease of 1.40% in the past 24 hours. Although Bitcoin is flat for the day, it still hovers around $120,000, with its own market cap reaching $2.3 trillion, maintaining a dominant position.

The traditional markets showed mixed performance: the S&P 500 index fell by 0.40%, closing at 6243.76 points, slightly retreating from the intraday record high; the Nasdaq index performed outstandingly, rising by 0.18%, closing at a record 20677.80 points.

Solana (SOL): Strong bullish signals from a technical perspective, golden cross is imminent

Given the recent strong performance of XRP and Ethereum, it is not surprising that the chart for Solana's native token SOL is showing a bullish trend.

In the past week, Solana rose by 9.7%. After challenging the psychological barrier of $180, it is currently trading at approximately $180.63. This rise is attributed to multiple positive catalysts, including the listing of Virtune's Staked Solana ETP on the Deutsche Börse Xetra platform, which provides investors with a regulated SOL exposure for earning staking returns. The overflow effect from the massive inflow of funds into Ethereum ETFs has also further boosted the demand for high-volatility alts like Solana, with the surge in trading volume confirming the market's genuine interest.

Analysis of SOL Technical Indicators: Breakthrough Key Resistance, Strong Momentum

• Breakthrough of the Bearish Triangle Pattern: SOL has finally managed to break through the key price resistance level that has existed since early 2025, freeing itself from the constraints of the bearish triangle pattern.

• Relative Strength Index (RSI): The RSI for SOL is currently at 68, indicating strong bullish momentum, but it has not yet reached the overbought threshold of 70. Traders typically view this as a bullish signal, suggesting that buyers are in control and there is still room to push prices higher before reaching exhaustion levels. An RSI reading between 50-70 is often seen as the "sweet spot" for continued upward movement.

• Average Directional Index (ADX): The ADX for SOL is currently at 21. Although a reading above 25 confirms a strong trend, the reading of 21 indicates that the bearish correction causing SOL's price to pull back 47% from the May high is weakening. For traders, this suggests that SOL may soon experience a confirmed bullish breakout.

• Exponential Moving Average (EMA) and Golden Cross Expectation: The chart shows that SOL's 50-day EMA (orange line) is currently still below the 200-day EMA (red line), which is typically a bearish signal (death cross). However, the current price (around $175) has decisively broken through both moving averages (the moving average area is around $160). As the two moving averages gradually converge, SOL may soon form a "Golden Cross" (50-day EMA crossing above the 200-day EMA), which will further confirm SOL's shift from bearish to bullish. It is worth noting that Ethereum, which has a market cap billions ahead of SOL, has also recently formed the same golden cross pattern on its chart, driving its bullish momentum.

  

• Squeeze Momentum Indicator: This indicator shows as "Off" status, indicating that the price has released volatility from the previous compression phase. This is necessary for the price to break through significant resistance and may suggest that SOL has exited the consolidation phase and entered an active trending market, which usually supports the continuation of directional price movements rather than getting stuck in sideways fluctuations.

• Volume Profile Visible Range: This indicator shows significant trading activity in the $150-160 range, forming a strong support base. This high volume node acts like a "magnet" and should provide support during price pullbacks, as many traders hold positions in this area and are likely to defend it.

SOL Key Price Level Guidance (Support and Resistance Levels)

• Recent Support: $160-162 (previous resistance turned support)
• Strong Support: $150-155 (high volume node and EMA convergence zone)
• Recent Resistance: $189.03 (horizontal resistance level visible on the chart)
• Strong Resistance: $200-205 (psychological integer level and pattern measurement target)

Ripple (XRP): Breaking Historical Highs, Aiming for Higher Goals

For XRP, its performance can only be described as "stunning", bringing substantial returns to its steadfast holders. XRP soared to $3.47 today, breaking through its historical high of $3.40 set in 2018.

It now seems that XRP will almost certainly reach at least $3.50 soon. Users on the prediction market Myriad, developed by Decrypt's parent company Dastan, have bet this probability as high as 95%.

The current rise is driven by a strong rebound, fueled by regulatory optimism stemming from the crypto-friendly legislation advanced by the U.S. Congress, as well as the launch of the ProShares XRP futures ETF. After breaking out of a long-term consolidation triangle pattern, the token has effectively entered a price discovery mode. The technical outlook indicates that if it can decisively break through its historical high, XRP still has the potential for a larger increase.

XRP technical indicators are broadly bullish, with strong momentum

• Relative Strength Index (RSI): The RSI reading has reached 87, indicating an extremely overbought condition (typically over 70 is considered overbought). However, in a strong trending market, especially when breaking through multi-year highs, the RSI can remain in the overbought territory for an extended period. This is referred to by traders as "embedded RSI," where the indicator stays above 70 while prices continue to rise. While this suggests a potential short-term pullback risk, it also confirms the unusually strong buying pressure accompanying historical breakouts.

• Average Directional Index (ADX): XRP's ADX has reached 40, indicating an exceptionally strong trend. A reading above 25 indicates a strong trend, while above 40 is referred to as a ‘Power Trend’ — this trend is typically so strong that it can surpass logical target levels and continue to run. Momentum traders should trade with the trend rather than against it. However, investors who missed this wave of movement should wait for a better opportunity unless they can bear the risk or anticipate a normal pullback after historical highs.

  

• Exponential Moving Average (EMA): Unlike Solana, XRP shows a perfect bullish EMA arrangement: the 50-day EMA is significantly higher than the 200-day EMA. The current price ($3.47) is well above both moving averages, and there is a clear separation between the two lines. This configuration typically indicates a mature upward trend, supported by institutional funds, as long-term investors have been accumulating positions throughout the rally.

• Sufficient pullback space: Technically speaking, the bullish momentum of XRP is so strong that even a 25% pullback would still be considered healthy within the broader bullish trend.

XRP Key Target and Support Level Analysis

• Recent Support: $3.00 (psychological level and possibly the position of the large bearish candle that could engulf today’s rise)
• Strong Support: $2.69 (previous resistance area)
• Price Testing Zone: $3.40 (previous historical high, now converted to support testing level)
• Next Target: About $3.79 (based on 127.2% Fibonacci extension)
• Ultimate Target: $4.00-$4.05 (based on pattern measurement target and next integer level)