XRP, Solana Attract Institutional Interest as ETF Speculation Strengthens
XRP and Solana are once again in focus as institutional appetite returns amid fresh speculation around exchange-traded fund (ETF) developments and a more constructive regulatory backdrop.
XRP’s ETF exposure remains limited to futures products such as ProShares’ UXRP, but analysts say any progress toward a spot ETF could serve as a powerful catalyst — especially if the U.S. Securities and Exchange Commission (SEC) maintains its more accommodative stance following Ripple’s partial legal victory in March.
“The combination of legal clarity and renewed ETF optimism is restoring confidence in XRP,” said Jamie Elkaleh, CMO at Bitget Wallet. “We’re seeing improved liquidity conditions and growing legitimacy for the asset in U.S. markets.”
XRP rallied past $3.60 earlier this week before retracing to roughly $3.09, as over $105 million in long positions were liquidated and a $175 million wallet transfer tied to Ripple co-founder Chris Larsen added further selling pressure. Still, analysts view the pullback as temporary.
“Momentum from ETF discussions and reduced legal overhang could drive XRP to test the $3.50–$4.00 zone,” said Ryan Lee, Chief Analyst at Bitget Research.
Solana is also experiencing renewed strength, trading just under $200, as adoption metrics and ETF interest grow. Analysts suggest that continued demand and regulatory clarity could push SOL toward the $250 mark in the coming weeks.
“Solana is benefiting from similar ETF tailwinds,” Elkaleh added. “A more crypto-friendly U.S. stance is helping sustain bullish sentiment around key altcoins.”
While both assets face downside risk from macro shifts or renewed regulatory friction, improving market structure and institutional flow are reinforcing the bullish setup. Futures-based ETFs, while not yet offering spot exposure, are establishing an early bridge for capital from both institutional and retail players.
Whether that bridge widens further now depends on whether inflows continue to meet expectations — not just headlines.
