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After a delay in Solana transactions, the Coinbase CEO has apologized and promised to improve the platform’s performance, especially during high-demand periods. The delay followed a recent rally in Solana’s price movement. The recent upswing in Solana’s price was fueled mainly by the meme coin trading hype, especially after the TRUMP token launch on January 18, 2025, as The Moon Show predicted a $2,000 price target for Solana.
On the other hand, Ripple is looking to break out of its symmetrical triangle above $3.18, which might trigger a bullish outlook for the XRP token. A break past this level could see the price of XRP target new highs. Meanwhile, Elluminex is looking to remedy issues related to liquidity and poor cross-chain interoperability, which are currently impeding DeFi from hitting its full potential.
Solana’s recent rally saw the token hit the $272 target while failing to move above the $280 region. Several on-chain metrics and derivatives metrics declined from their recent peaks. However, this does not prevent the SOL token from challenging its $294.33 ATH reached on January 19, but it does raise some concerns regarding the durability of recent inflows.
For example, Solana network fees have dipped to $11.7 compared to January 19. The dip in Solana fees aligns with reduced trading activity on Raydium, Orca and Pump.fun. However, the overall levels remain above the previous weeks. Similarly, Solana fees remain unchanged on other decentralized applications, including Meteora and Moonshot.money.
Moreover, Technical indicators still point to a bullish outlook despite the price of Solana dipping back to around the $246 level. The Moon Show’s optimistic price prediction for Solana also points to a bullish trend for the token in 2025, with the incoming US approval of a spot Solana ETF set to push the SOL price even higher.
The daily price chart has revealed a positive market signal that points to a quick Ripple price movement. The symmetrical triangle formation stems from XRP’s prior sharp rally. The price of XRP surged steeply from November to December 2024, recording impressive gains. After hitting new highs, the crypto market settled into a triangular formation while prices moved within tighter support and resistance lines.
Such consolidation patterns usually indicate the market is gathering momentum for the next decisive move. Breaking above the $3.18 will kick start a potential uptrend with the XRP token set to target $5. A level that aligns with the Fibonacci extensions and the physiological resistance zones, often observed in similar upward trends.
According to Steph Is Crypto, Ripple’s price might hit the $14 level, with $3.18 being the primary catalyst. The support and resistance zones at $2.10 and $1.60 will also indicate when the altcoin takes a step downward. Ripple’s technical indicators, including the RSI at 63, support a long-term uptrend momentum in 2025.
With Solana and Ripple gaining traction, Elluminex (ELX) continues to stand out as a platform that holds the potential to challenge established DEX protocols like Jupiter and Raydium. As the first-ever decentralized exchange to leverage the TON blockchain, Elluminex has the advantage of tapping into Telegram’s massive user base of around 950 million active users. This relationship guarantees a rapid-growth formula that could translate into incredible gains in 2025.
Elluminex’s features address inherent issues in the DeFi sector, including liquidity dilution and lack of interoperability between blockchains. Through its cross-chain bridge, Elluminex will enable near-instantaneous transfers of assets across significant blockchains. This approach helps remove friction while relieving users of the need to switch between different single-chain platforms. Moreover, Elluminex also offers a self-custodial framework, allowing users to retain control over their assets through its no-KYC checks.
Like what PancakeSwap did for Binance Smart Chain, Elluminex is also looking to supercharge TON’s DeFi capabilities, driving its growth in 2025. Elluminex intends to become the missing bridge that lets users transfer assets across different chains. A move that could also see the Toncoin ecosystem have TON-based meme coins in the coming years. Moreover, Elluminex’s DeFi features have already seen the ELX token attract a stage one presale price of just $0.06, with the next stage set to record a new high of $0.08.
Solana's recent rally has faced a setback, with the token recording a dip to around the $246 support level. However, analysts still believe the token will record significant gains in 2025. Ripple is also looking to record new highs with a breakout from its symmetrical triangle formation, backed by technical indicators. Similarly, Elluminex might surprise everyone by becoming a key platform that transforms the TON blockchain, just like Uniswap changed Ethereum’s DeFi landscape.
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