XRP, Solana Gain Institutional Traction Amid Market Chaos; Analyst Sees Path to $5 XRP
Despite crypto market turbulence triggered by escalating Middle East tensions, key altcoins like XRP and Solana are attracting institutional attention — and that could be laying the groundwork for a major rally.
According to Ryan Lee, Chief Analyst at Bitget Research, XRP is gaining legitimacy as a corporate treasury asset. Companies such as Webus International, VivoPower, and Wellgistics are allocating a combined $470 million toward XRP, banking on its utility in cross-border payments and legal clarity expected later this year.
“Once XRP gets green-lit for broader ETF access or regulatory recognition, it could accelerate toward $5 by mid-2025,” said Lee.
Solana, meanwhile, has risen to $165 amid surging ecosystem revenue and mounting ETF buzz. DeFi Development Corporation, which recently pulled a $1B fundraising plan, now aims to raise up to $5B to expand its Solana holdings.
“Institutions are rotating capital into high-throughput networks with real traction,” Lee added. “The current pullback might just be the setup for the next major leg higher.”
