Today, despite the closure of the US market for President’s Day, the cryptocurrencies Solana (SOL) and Ripple (XRP) showed negative price performance.
On the other hand, Ethereum (ETH) has shown a very positive chart behavior, going against the trend compared to other assets.
Let’s see everything in detail below.
Summary
Solana (SOL) and Ripple (XRP) mark price declines at the start of the week
Today, Monday, February 17, the cryptocurrencies SOL and XRP experienced bear price dynamics, leading the overall market decline.
Even though they are exempt from the volatility implicit in the US stock exchanges, the entire crypto sector has lost 0.42% of its capitalization, leaving about 200 million dollars on the road. In the last 24 hours, SOL loses 4.79% while XRP sinks by 2.97%.
Bitcoin accompanies the movement in red with a bearish trend of 1.22%.
It is interesting to note that, according to data from Coinglass, the open interest on Solana (SOL) has increased by 11%, while that on Ripple (XRP) has decreased by 3%. This divergence highlights greater speculative participation in SOL trading, with derivatives traders showing a stronger preference for this cryptocurrency compared to XRP. At the same time, the funding rate seems to remain flat in both cases, emphasizing a balanced situation between bull and bear.
From the top on January 19, the price of Solana records a drawdown of about 37%, while the coin approaches a key support level at $180 that could reestablish a bullish setup. Ripple, on the other hand, is at a price 21% lower than the peak on January 16, maintaining a more upward-oriented chart structure. The bulls are looking at the key levels of $220 for SOL and $3 for XRP to be able to start hypothesizing scenarios of a bull market.
The predictions of artificial intelligence on SOL and XRP: possible bullish return thanks to the ETF narrative
The forecasts of artificial intelligence on the price of Solana (SOL) and Ripple (XRP) indicate a potential return to a bull phase, fueled by the growing attention towards the possible approval of a spot ETF for both currencies. The recent regulatory and political developments in the United States, boosted by the pro-crypto administration of Donald Trump, are indeed creating a favorable context for the approval of ETFs in the altcoin sector.
This narrative has already triggered a mini market rally for the two coins between the end of 2024 and the beginning of 2025, driven by the potential positive effects of the introduction of a regulated ETF on Wall Street. In this regard, according to analysts at JPMorgan, the launch of exchange-traded funds based on Solana and XRP could attract up to 14 billion dollars in investments in the first year from approval.
At the moment, it seems unlikely that these ETFs can be approved in the short term, considering the current regulatory uncertainties and the still cautious stance of the SEC towards digital assets. However, by the end of 2025, there are favorable chances that U.S. regulatory bodies will open the doors to such investment products. Polymarket quotes the success probabilities at 78% for XRP and 83% for SOL.
According to the forecasts of CoinCodex, in the event of a positive outcome in the next 3 months, Ripple’s coin could easily explode upwards to the threshold of 4 dollars. At the same time, Solana could grow to reach 360 dollars, although arriving slightly later compared to the other cryptocurrency.
Ethereum Price Against the Trend with the Rest of the Market: Is ETH Ready to Outperform?
While Solana (SOL) and Ripple (XRP) continue their respective downward price phases, Ethereum (ETH) shows a countertrend behavior with the market. The cryptocurrency of Vitalik Buterin, widely discussed by the crypto community for its disappointing performances, now seems ready to start rising again. In the last 24 hours, its price has increased by 2.65% to $2,770 per token.
For over two years Ethereum has underperformed Bitcoin, with a price action characterized by sideways movements and slower growth compared to the main cryptocurrency. However, in the last few hours, ETH seems to be showing particularly interesting signs of strength.
The price has rebounded excellently after the last bear thrust, leading to a good recovery of the RSI indicator on the ETH-BTC chart.
At this moment, despite the main trend remaining bearish, we can venture to say that ETH is about to have its moment in the spotlight. The first target to give more hope to the bulls is 0.03 sat, corresponding to the EMA 50 on the daily time frame. In a medium-term perspective, however, the coin is projected for a 30% pump against BTC, reaching the threshold of 0.038 sat.
The market sentiment remains strongly negative for Ethereum, with investors complaining about poor economic and financial management by the Foundation to the detriment of speculative results. In such a delicate moment, institutions are accumulating ETH, preparing for the potential final phase of the bull run, which historically favors the altcoin sector.
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