Solana’s 18-Month Trend Versus Ethereum Breaks Down; XRP Faces Key Support Test
Solana’s strong run against Ethereum has hit a technical wall. The SOL/ETH ratio has breached a major ascending trendline, signaling a possible reversal in favor of ether after nearly 18 months of Solana outperformance.
The trendline, which connected the September 2023, June 2024, and December 2024 lows, has been broken to the downside, according to TradingView. This breakdown suggests that ether may now lead the market in the near term.
The weekly MACD histogram has also flipped red, pointing to growing bearish momentum. The next key support for the SOL/ETH pair sits at 0.055—its February 25 low. To reestablish bullish momentum, the pair would need to reclaim territory above the Ichimoku cloud.
XRP Slips from Bullish Structure
XRP, the token associated with Ripple’s payments network, is also under pressure. After rebounding from early April lows near $1.60, XRP has fallen below its ascending channel—an early sign that bullish momentum is fading.
With support at $2 now in play, bulls face a key test. A break below this level could open the door to a deeper drop back toward $1.60. On the upside, reclaiming the recent $2.65 high remains critical for any sustained recovery.
