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XRP is gaining institutional backing with over $470 million in corporate treasuries.
Solana’s $1.2 billion Q1 revenue and $5 billion treasury support fuel its bullish outlook.
ETF speculation and legal clarity are critical to both altcoins’ 2025 targets.
The crypto market saw renewed optimism this week as XRP and Solana (SOL) posted solid gains, driven by surging institutional interest, strong fundamentals, and heightened speculation around ETFs. Even as geopolitical tension roiled broader risk markets, these two altcoins showed resilience and rising investor confidence.
According to Ryan Lee, Chief Analyst at Bitget Research, both XRP and Solana could test multi-year highs, with XRP aiming for $5 and Solana targeting $300 by mid-2025.
XRP’s rise to $2.20 earlier this week marked a 2.9% daily gain, but more importantly, it reflects a growing trend: corporate treasuries accumulating XRP at scale. More than $470 million in XRP is reportedly held by firms, including:
Webus International – $300 million
VivoPower – $121 million
Wellgistics – $50 million
Ryan Lee explains this trend as a "clear institutional signal" that XRP is being recognized for its utility in low-cost, high-speed cross-border transactions. “This kind of demand from firms often with global payment needs demonstrates XRP’s real-world use case,” Lee told CoinDesk.
Lee added that regulatory clarity following the Ripple Labs case, as well as increased chatter around an XRP ETF, have further bolstered market sentiment. “If legal momentum continues and ETF filings progress, we could see XRP push beyond $3, potentially reaching $5 by June 2025,” he noted.
Solana has also outpaced broader altcoin indices this week. Climbing to $156.90, the token notched an 8% gain on Monday and reached as high as $165 during intraweek sessions. While short-term price movement is encouraging, analysts point to Solana’s strong fundamentals as the driving force.
According to Bitget Research and data aggregators:
Q1 application revenue on Solana exceeded $1.2 billion, outperforming most Layer-1 chains.
Open interest in SOL futures has been climbing steadily, signaling robust trader conviction and institutional exposure.
The network continues to lead in NFT minting and DeFi adoption, with high wallet growth in Asia and LATAM markets.
In a major move, DeFi Development Corp (DFDV) announced a $5 billion equity line of credit aimed at bolstering its Solana treasury strategy. The firm had previously withdrawn a $1 billion filing with the SEC but is now reengaging capital markets to acquire and stake SOL.
DFDV CEO Joseph Onorati stated:
“We believe SOL represents the future of DeFi infrastructure, and this capital allows us to support its ecosystem while creating a Solana-per-share benchmark that can scale across treasury and enterprise structures.”
Ryan Lee echoed this sentiment:
“With ETF support, corporate backing, and active developer growth, Solana could hit $200 - $250 soon, and may test $300 if macro and technical momentum align.”
Despite their strong showings, both tokens face risks:
Legal or regulatory overhangs could hinder XRP’s ETF potential or trigger renewed scrutiny.
SOL’s volatility may be amplified if DFDV’s treasury strategy falters or equity dilution occurs.
Geopolitical shocks (such as the Israel-Iran conflict) continue to ripple across crypto markets, increasing risk-off behavior and liquidity shifts.
On Thursday, crypto markets dipped after reports of Israeli airstrikes on Iran. However, both XRP and Solana showed recovery strength in subsequent trading sessions, hinting at robust support from long-term holders.
Bitget’s Ryan Lee emphasizes that while XRP and Solana are top-tier altcoin plays, investors should pair bullish positioning with clear risk management strategies.
“We’re entering a window where institutional crypto is expanding, especially with ETF tailwinds and real-world use cases. But execution and regulatory clarity are critical. XRP’s $5 target and Solana’s $300 ceiling are both possible, but not guaranteed.”
Also Read: Solana Eyes $180 as Solaxy ICO Heats Up With $46M Raised
With surging institutional treasuries, strong on-chain data, and increasing legitimacy via potential ETFs, both XRP and Solana stand out as the most structurally supported altcoins in mid-2025. For investors seeking asymmetric upside in a volatile market, they represent a calculated bet on the maturing crypto ecosystem, with XRP aiming for $5, and Solana testing $300 as momentum builds.
