As of 6:50 AM on the 25th, Ripple was trading at $3.02 on CoinMarketCap, down 0.24% from 24 hours earlier.
This is significantly lower than the all-time high of $3.84 recorded on January 4, 2018. Ripple would need to rise by more than 21% to reach a new all-time high.
Last week, Ripple fell to as low as $2.72 due to whale selling, but recovered to $3 later in the week.
This is because the "momentum" is still alive. With this latest rebound, traders are
After breaking through $3.10, we expect it to test $4. Ryan Lee, chief analyst at cryptocurrency firm Bitget, said, "Institutional adoption and ETFs are key drivers."
"Ripple will trade between $3 and $5 in the second half of the year due to optimism about the cryptocurrency," he said. "Ripple's all-time high is $3.84, so there's a chance it could reach a new all-time high."
He also predicted that with the Securities and Exchange Commission (SEC) lawsuit against Ripple over the past few months over the past few months, he is optimistic that a Ripple ETF will be able to generate new demand. Solana, the sixth largest cryptocurrency by market capitalization, is also optimistic that a Ripple ETF will be able to generate new demand.
Meanwhile, at the same time, Solana was trading at $205 on CoinMarketCap, up 0.68% from 24 hours earlier.
Ryan Lee predicts that if Solana breaks through $210, it could surge to $250-$260 in the short term, and if a Solana ETF is launched, it could reach $300.
Ryan Lee said, "If both coins maintain their technical resilience, they could break through the 2020 level." Solana's all-time high is $294, which was reached on January 19th of this year.
"It is likely to maintain momentum through the second half of the year and lead the cryptocurrency rally, following Bitcoin and Ethereum."
2025/08/25 11:27 KST
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