• XRP whales accumulated 1.34 billion XRP (worth $3.26 billion) in the past week despite an 18% price dip
• The Price DAA Divergence indicator shows a buy signal for XRP, suggesting investor resilience
• XRP is trading at $2.45, holding above $2.33 support, after a 37% increase
• South Korean technical adoption news helped XRP recover 11% to $2.17
• Market volume for XRP is down 19%, indicating investors might be holding their positions

XRP has seen major price movements in recent days. The crypto experienced an 18% crash on Monday but has since rebounded. As of today, XRP is trading at $2.45, showing signs of recovery in the market.

Large investors known as “whales” have been buying up XRP in huge amounts. Over the past week, whale addresses holding between 100 million and 1 billion XRP added 1.34 billion XRP to their holdings. This accumulation is worth over $3.26 billion.

These large holders appear to be buying at low prices. Despite the recent price crash, the whales did not sell their holdings. This suggests they have strong confidence in XRP’s future price growth.

The Price DAA Divergence, a market indicator, is currently showing a buy signal for XRP. This technical signal happens when an asset’s price movement differs from its daily active addresses. It often suggests a coming price change.

Investor behavior shows resilience despite tough market conditions. With more investors holding their XRP and fewer choosing to sell, the market sentiment seems to be turning positive. This holding pattern could support a longer price rally.

XRP has managed to stabilize above the $2.33 support level. After facing high volatility over the weekend, the cryptocurrency posted a 37% price increase. This move suggests XRP might have momentum for further gains if the current trend continues.

However, XRP failed to secure $2.70 as a support level on Sunday. This prevented the cryptocurrency from pushing to higher price levels. If XRP can break through and hold above $2.70, it could then target the $2.95 resistance level.

Failure to break $2.70 might result in consolidation above $2.33. This could delay any immediate upward movement. The market would then need more clarity before deciding its next direction.

Recovery signs emerged from South Korea recently. Technical adoption news from the region helped XRP recover to $2.17. This positive news came as welcome relief for investors who had seen falling prices.

Market volume for XRP has decreased by 19%. This lower volume might actually be a positive sign. It suggests investors are willing to wait and hold their positions rather than panic selling.

XRP Still Down from Highs

XRP is still down about 30% from its early February price levels. This drop has made some investors cautious about future price movements. Many are watching key resistance levels before making new investment decisions.

The cryptocurrency’s excess supply remains a concern for trading experts. The total supply of XRP is 100 billion coins, with about 46 billion currently in circulation. This large supply can affect price dynamics in the market.

Despite these concerns, whale accumulation suggests strong institutional confidence. When large holders buy in such volumes, it often indicates they see value at current price levels. Their buying power can also help support the price.

If buying pressure continues to increase, XRP could see a sustained rally. This would require support from both retail investors and whales to push through key resistance levels. Market conditions will play a crucial role in determining this outcome.

XRP now needs to establish $2 as a strong baseline for further growth. While recent price action looks promising, the cryptocurrency must maintain its momentum to convince cautious investors to return to the market.

Despite $SOL’s recent dip to $131, 55% below its all-time high of $294 recorded two months ago, our Solana price prediction for the rest of the year is bullish.

$SOL is currently trading at $148.85 with a 5.83% weekly increase, though the monthly trend is bearish (-27.42%).

Luckily for $SOL holders, key technical indicators point to a strong buy signal as the token is heading toward a rebound.

Let’s unpack what the charts and recent ecosystem developments tell us about the $SOL price forecast.

$SOL Escapes the Death Cross Formation

$SOL faced significant downward pressure this morning as it reacted to a large sell order block. However, $SOL’s price bounced off as some investors saw the drop to $142 as a buying opportunity and placed substantial buy orders.

Several MAs are clustered in the $146-$149 zone, creating important support and resistance levels. A break below or above these price points will determine $SOL’s momentum.

Investors should particularly watch for support at the EMA20 ($146.889) if consolidation occurs, as this level could serve as a springboard for the next leg up.

Looking at momentum indicators like the Relative Strength Index (RSI) and Stochastic Oscillators, we notice $SOL shows a moderate positive trend that may continue to build up over the week.

Lastly, the Williams %R at -29.202 shows $SOL is trading in the upper 30% of its recent range without reaching overbought extremes yet. In a nutshell, it means buyers are in control but not euphoric, which is arguably the most sustainable position for continued upward movement.

Network Upgrades and Trump’s Policies Reinforce Technical Indicators

Technical analysis may give us reliable signals, but ecosystem developments and external factors like Trump’s new orders can change $SOL’s price course overnight.

On Monday, Trump announced $XRP, $SOL, and $ADA will join the US strategic crypto reserve alongside $ETH and $BTC. The news briefly sent $SOL from $140 to $177, a 26% spike in a matter of hours.

That’s unsurprising given that $SOL is the backbone of the largest altcoin ecosystem, particularly popular among meme coin traders (and the US president shares the degen spirit, as evident from his official token launch).

There are now 2.77M active wallet addresses on Solana – for context, Ethereum only has 413K. The network’s Total Value Locked (TVL) peaked at $11.188B on January 21, following Trump’s inauguration, before dropping to $7.07B in March.

The upcoming Solana network upgrade, which will dynamically adjust $SOL’s inflation rate based on staking participation, could further support the upward trend.

Solana’s community wants to cut inflation by 80% by reducing the supply of new tokens entering the market.

The bottom line? $SOL’s future looks bright, and X analyst Ali Martinez predicts a possible breakthrough to $213.

Is Solaxy ($SOLX) the Missing Catalyst for $SOL’s Breakout?

While Solana resolved its uptime issues, it still frequently faces network congestion. This leads to higher fees, slower processing, and, sometimes, failed transactions.

Let’s face it – no technical indicators will save $SOL from a crash if its parent network performs poorly.

A Layer-2 (L2) solution akin to Ethereum ZK-rollups could resolve Solana’s scalability limitations.

Solaxy ($SOLX) is the first-ever project that developed an L2 specifically for Solana’s architecture, which makes it an interesting new cryptocurrency to watch. It will offload bundled transactions for faster processing before returning them to the base layer for verification.

Thanks to its pioneering utility, Solaxy raised over $25M in funding, with one token now selling at $0.001654. Early investors can earn additional tokens with a 163% APY, set to decrease as the staking pool grows.

Analysts predict $SOLX to hit $0.032 by the end of the year. However, its long-term prospects are even more promising due to its integral role in the Solaxy ecosystem, so now is a prime time to buy $SOLX.

Solana Price Prediction: Bulls Target $213

The technical outlook for $SOL is strongly bullish despite recent volatility. With SOL successfully escaping the death cross formation and finding support above key moving averages, the stage is set for a potential rally toward the $213 target. Institutional acceptance and anticipated network upgrades could act as catalysts for this bull run.

Solaxy might be the missing piece of Solana’s infrastructure that will support $SOL’s journey to new heights. Judging from the $25M presale raise, smart money is already recognizing Solaxy’s transformative potential.

However, remember that external forces also come into play. With the most unpredictable presidential administration and geopolitical situation in decades, doing your own research is more important than ever.

Most of the coins are bouncing off today, according to CoinMarketCap.

BTC/USD

The price of Bitcoin (BTC) has risen by 8.17% over the last 24 hours.

On the hourly chart, the rate of BTC has made a false breakout of the resistance of $90,623. If the daily bar closes far from that mark, bears may again seize the initiative, which may lead to a drop to the $89,000 area.

On the longer time frame, the price of the main crypto has continued rising after yesterday’s closure. However, BTC has not accumulated enough energy for a bullish trend reversal. 

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In this case, sideways trading in the zone of $88,000-$94,000 is the more likely scenario.

From the midterm point of view, the rate of BTC is far from main levels. If the weekly bar closes around the current prices, there are low chances of seeing sharp moves soon.

Bitcoin is trading at $89,841 at press time.

Cardano’s native token, ADA, is stealing the spotlight with some serious price action. Right now, ADA is priced at about $1, and it pumped almost 25% in just 24 hours. Today, it’s roaring back with a big leap, boosting its market cap to an impressive $35.27 billion, with a 24-hour trading volume of $5.53 billion.

Things have been wild lately. As Trump announced, ADA was included in the crypto reserve; it led to the price surge and broke the $1 barrier. On March 3, the price pumped to $1.10, but then it dropped to $0.80 the very next day.

Looking at the past week, ADA’s price is up by a massive 46.97%, while other big names like Ethereum (down 14%) and Solana (down 1.7%) are lagging. So, why’s the price pumping like this? A lot of it ties back to U.S. President Donald Trump’s plan to include ADA in its crypto reserve with other coins.

And there’s more excitement brewing. The White House Crypto Summit is happening on March 7, 2025—just two days from now—and it’s got everyone talking. President Trump is hosting this first-of-its-kind event, pulling in top crypto folks to chat about rules, stablecoins, and how digital money could play a bigger role in America. 

ADA fans are excited as rumors suggest that Charles Hoskinson, the founder of Cardano, may attend. The summit’s being run by Sacks and Bo Hines from the President’s Working Group on Digital Assets, and it could be a game-changer for crypto. With all this going on, it’s no surprise ADA’s price is climbing fast.

Also  Read: Crypto Price Today (March 5, 2025): Bitcoin Recover $88k, ADA Pumps 15%

Amid the ongoing consolidation, XRP is showing signs of preparing for a major price surge, according to market analysts. 

One prominent analyst, EGRAG, believes the asset is currently in what he calls the “Kangaroo Phase,” a period of consolidation before a significant breakout. According to him, XRP is setting itself up for “the next big leap,” pointing to several reasons why he believes so.

XRP Setting up for Next Big Leap: Here’s Why

Notably, one of these reasons is XRP’s ability to hold above a key support trend level. This stability has been bolstered by a successful retest of the Bull Market Support Band. He believes this retest is another factor contributing to the idea that XRP is positioning itself for an uptrend.

Additionally, EGRAG also sees the asset consolidating above the Fibonacci 0.888 level, a zone that often serves as a launchpad for strong upward movements. Currently, this Fibonacci level aligns with the $2.3 mark, with XRP now trading above the region amid its surge to $2.51. He noted that this also supports the claim of an imminent upsurge.

Another major reason he highlighted is that XRP is also ranging within a macro consolidation zone, which is the Fibonacci 1.0 region, a level that currently rests between $2.30 and $3.37. 

In addition to this, XRP price is fluctuating between a zone he describes as noise, aligning with $2.00 to $3.40. As long as XRP remains within this level, there is no significant development in price action. 

According to him, all this positioning confirms the theory that XRP is on the verge of an explosive run. 

XRP Targets $27 to $222

Meanwhile, looking at potential future price action, EGRAG sees XRP’s next major breakout targeting levels between $8.50 and $13, based on Fibonacci extensions 1.272 and 1.414. However, his projection does not stop there. He also considers the Fibonacci 1.618 level, which points to a possible surge beyond $27. 

For historical context, the analyst refers to XRP’s 2017 bull run. For context, during that cycle, the asset initially reached the Fibonacci 1.618 level before entering a consolidation phase, then making another parabolic move toward the Fibonacci 2.236 extension. 

If history repeats, he believes XRP could rise anywhere between $27 and $222. Notably, this aligns with past performance and Fibonacci-based projections.  

EGRAG also addressed concerns about XRP’s market cap, a common argument among skeptics who doubt such high price targets. He dismissed these concerns, arguing that traditional market cap calculations don’t fully account for utility-driven assets like XRP.  

XRP Short-Term Price Action 

Meanwhile, another analyst, Dom, discussed XRP’s short-term price action. He has been closely monitoring the asset’s positioning relative to key volume-based technical indicators. 

Three days ago, he highlighted that XRP is trading above two major levels: the multi-month Value Area High (VAH) and the all-time high (ATH) VWAP. These levels are historically important and often dictate price movements.  

Dom noted that a retest of these important levels would be healthy for the asset. However, he also pointed out a major obstacle, as strong sell walls lie between $3.00 and $3.50. 

He believes breaking through this range will require significant bullish momentum, and he wouldn’t be surprised if XRP takes some time to consolidate and refuel before attempting to overcome this resistance.  

Notably, in his latest update, Dom reiterated that the key objective for bulls is to reclaim the orange VWAP bands, which he has been tracking for two months. This region is also aligned with the quarterly VWAP, adding to its significance. 

Over the last day, XRP’s price has stalled around this level, confirming its importance. According to Dom, the lower bound of the current trading range sits at $2.20, while these VWAPs form the upper boundary. At press time, XRP changes hands at $2.51, up 2.81% in the past 24 hours.

Traders are witnessing a market bounce back, according to CoinStats.

ETH/USD

The rate of Ethereum (ETH) has increased by 6.18% since yesterday.

On the hourly time frame, the price of the main altcoin is going down after a false breakout of the local resistance of $2,262. If sellers’ pressure continues, one may expect a test of the support by tomorrow.

On the daily chart, the rate of ETH is going up after the bounce off from the support level of $2,076. 

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However, if the candle closes far from its peak, further growth might be postponed. 

From the midterm point of view, there are no reversal signals yet. One should focus on the vital zone of $2,000. If its breakout occurs, the accumulated energy might be enough for a test of the $1,750 area shortly.

Ethereum is trading at $2,206 at press time.

After a potential ADA ETF, including Cardano in the U.S. strategic reserve offered strong bullish momentum. Along with the other cryptos within the markets, the ADA price also faced one of the brutal bearish attacks, but the third-generation token demonstrated massive strength. The buying pressure is slowly increasing, suggesting the bulls are slowly reclaiming their dominance. Therefore, the price may eventually reclaim the lost levels above $1 if this trade plays out well. 

The whale movement is closely monitored, as it is considered one of the biggest signals before a change in the trend. An accumulation flutters bullish flags over the crypto, while a liquidation raises huge concerns over the upcoming price action. However, during the recent price drop, the whales accumulated a huge amount of ADA, which suggests their growing confidence in the token. 

The data shared by a popular analyst, Ali, suggests the addresses holding ADA tokens between 100 million and 1 billion have accumulated over 420 million ADA soon after Donald Trump announced the US strategic crypto reserve. 

Another major reason behind the rise in confidence is the involvement of the Cardano founder, Charles Hoskinson, in the U.S. administration. With these positive advancements, the market participants appear to have become bullish on the upcoming ADA price rally. Meanwhile, the price is approaching the crucial resistance, clearing which it could not only reclaim $1 but mark fresh monthly highs as the majority of the indicators that were turning bearish have refrained from doing so. 

The recent upswing has pushed the ADA price above the descending parallel channel, which, unfortunately, has turned out to be a false breakout. However, the bulls have regained a strong hold on the rally, and as a result, the price is moving back to surpass the channel’s resistance. The CMF and OBV exhibited a bullish divergence, suggesting the increasing strength of the bulls, which may confirm the onset of a bullish trend. 

Consequently, the Cardano (ADA) price is expected to sustain a solid ascending trend over the next few days and likely surpass $1 at any moment. Nonetheless, the true target for the token is set at $1.2, and if it exceeds this, it may advance towards new yearly highs above $1.5. 

Ripple (XRP) is undoubtedly one of the most promising cryptocurrency tokens to exist in space. Lately, the token has been gaining credible attention due to the recent crypto reserve development and the fact that the token is now a part of the US national cryptocurrency reserve alongside Cardano and Solana. In addition to this, the upcoming crypto summit, which is set to be held on March 7, is also expected to usher in major changes, which may propel Bitcoin and tokens like XRP to gain further momentum. Will March be a new turning point for XRP in the near future? Let’s find out.

Also Read: Not $3,000, Gold Prices Could Hit $3,300 in 2025

Ripple: What’s New?

Ripple (XRP) is currently one of the most trending cryptocurrencies to have existed in the space. The token is now a part of the US strategic crypto reserve, a development officially unveiled by the President Donald Trump. Post the announcement, XRP noted a spectacular price surge of 30%, which credibly boosted momentum. The token soared meteorically to sit at the $2.80 price level before falling down 18% to sit at $2.29.

President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.

— David Sacks (@davidsacks47) March 2, 2025

March is set to bring in significant crypto changes that may set the tone for the market to follow in the long haul. For instance, the White House is already gearing up to launch a crypto summit on March 7, which is set to play a pivotal role in streamlining the role of cryptocurrency in the US administration. For instance, investors are hoping for some groundbreaking announcements related to the domain, which include introducing nuanced crypto legislation and policies that regulate the domain in a precise manner.

Such bullish developments may help in stabilizing and regulating the crypto prices, specifically Bitcoin, which in turn may help XRP soar to new highs.

Also Read: El Salvador Increases Bitcoin Holdings, How Much BTC Does It Own Now?

The Token’s Price Analysis for Mid-March

According to CoinCodex, XRP is already eyeing a high price target of $3 in the long haul.

For mid-March, the token may ultimately sit at a new price spot of $2.43 by March 20, 2025.

By the end of the month, the token may stabilize around the $2.59 price level.

“According to our current XRP price prediction. The price of XRP may rise by 7.50% and reach $ 2.59 by April 3, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 33 (fear). XRP recorded 14/30 (47%) green days with 7.23% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”

Also Read: Ref & Burrow Merge to Launch Rhea Finance: A Next-Gen Chain-Abstracted Liquidity Solution

After the market-wide downturn this week, most cryptocurrencies have seen months of gains erased, with Bitcoin (BTC) falling to $82,000 yesterday and Solana (SOL) dropping below the $150 mark for the first time since November 2024.

With $700 billion erased from the crypto market cap over the past 30 days, many investors are turning away from established coins and focusing on tokens that are still in their presale phase. Thanks to increasing investor attention, the Solaxy (SOLX) presale has now hit the $25 million mark.

The project revolves around the upcoming Solaxy Layer 2 blockchain for Solana, which aims to help Solana’s mainnet deal with its congestion issues by improving its transaction speeds. As SOL shows the potential to recover, Solaxy could be entering the market at a perfect moment, leaving investors with limited time to secure their share of SOLX at a lower entry point.

With Chain Metrics in Freefall, Solana Edges Closer to Breaking Key Support Levels 

Solana entered 2025 with a bang, reaching an all-time high (ATH) of $294.33 on January 19th, recording on-chain volumes of over $97 billion throughout late January. However, the chain saw a constant decline since, dropping to $19 billion volume last week, according to DefiLlama data.

Additionally, Solana reached a record Total Value Locked (TVL) of $12.19 billion in the same period, which dropped to $7.4 billion since. 

While Solana’s ecosystem thrived following the launch of Official Trump (TRUMP) in the second half of January, the launch of Libra (LIBRA) had the opposite effect.

Libra entered the market in February and quickly reached a market cap of over $4 billion, which was wiped from the market in what some experts believe was the “biggest rug pull in history.”

Javier Milei just DESTROYED the memecoin market:

Hours ago, Argentinian President Milei launched a memecoin, $LIBRA, for “the growth of their economy.”

Within 5 hours, over -$4.4 BILLION of market cap was erased.

Is this the biggest rug pull in history?

(a thread) pic.twitter.com/t4T69r851d

— The Kobeissi Letter (@KobeissiLetter) February 15, 2025

Following the scandal surrounding LIBRA, Solana-based meme coins, which were valued at $25 billion in January, saw a steep decline that led to their total market cap of $8.5 billion today.

With the Fear and Greed Index currently at 20, signaling the market is in extreme fear territory, and Solana’s rapid decline over the past two months, investors are reducing their participation in Solana’s ecosystem.

This loss of momentum is now spilling over into SOL’s price action, putting the token under threat of further downward pressure, which could intensify if it can’t pass resistance at $150.

SOL Could Rally Over the Upcoming Months Reaching $300 by 2026

Today, SOL is priced at $147, following a 25% drop over the past 30 days. However, with its Relative Strength Index (RSI) recently indicating that it was oversold, it stands a chance to make short-term gains that could propel it to recover.

Plus, its long/short ratio of 3.54 over the past 24 hours shows that most traders are confident in its potential to rebound, with just 22% of the traders shorting the token.

Although crypto expert Meta Gorgonite believes SOL will continue dropping to the $125 mark, he expects the token to find support and start rebounding.

Personally think $SOL will bottom out at $125 for this cycle.

For me that’s the exact turning point and its higher from there anything lower than that and I’m out. pic.twitter.com/48xhGEB4ax

— Meta Gorgonite (@MetaGorgonite) February 25, 2025

The expert believes SOL’s rally to $300 will begin in mid-March, anticipating a soar to $200 by the end of May. Sheldon the Sniper, a crypto analyst, has a similar view, expecting SOL to reach $300 by 2026 if it manages to stay above $111 during the dip.

Solana’s expected upward movement in mid-March would perfectly coincide with Solaxy’s first DEX listings, as the token could launch on March 15th, according to Coinsniper data.

Solaxy Raises Over $25M for First Solana Layer-2

Currently, Solaxy costs $0.001654 each, but the ICO’s dynamic pricing model will see its per-token price reach $0.00169 by the end of the presale, with the next price increase scheduled for later this week.

Investors can purchase the token using ETH, SOL, USDT, or a credit or debit card via the presale website. Alternatively, the token is available via Best Wallet’s Upcoming Tokens section, which lets you pay using BNB.

Launched in early December, Solaxy already amassed a significant following of over 79,000 supporters across X (Twitter) and Telegram, as 15% of its total token supply fuels its marketing efforts. 

Another 10% of the supply is reserved for liquidity, reducing the risk of a rug pull and lowering slippage. Plus, the project’s smart contract has been audited by Coinsult, which found no issues in its code.

Meme coin expert Austin Hilton believes SOLX’s ambitious goal to improve Solana’s scalability could help it explode on launch, as Solana could see increased investor activity once it starts rebounding.

The expert highlighted that investors can maximize their investment by staking SOLX, as the project currently offers a generous 164% staking APY. He urges his audience to enter the presale while the per-token price is low and the staking rewards high, as the APY will diminish as more tokens are staked.