XRP’s test at $3.18 marks a pivotal juncture, reinforced by whale transfers exceeding $700 million and net exchange outflows of $10.1 million that signal steady accumulation against the backdrop of ETF speculation.
With RSI sitting at a neutral 53 and a bullish falling wedge breakout in play, upside momentum is favored if buyers can reclaim the $3.18–$3.30 range, opening the door to $3.50–$5.00 by month-end.
Failure to hold that zone, however, risks a swift retest of $2.80 support.
Solana’s momentum remains equally robust, trading around $235–$250 with a golden cross formation and steady institutional inflows positioning it for a move toward $250–$300, provided the $218 support level holds.
Together, these setups reflect strong capital rotation into altcoins, with the altseason index nearing 82 and Solana’s DeFi TVL at $10.7 billion underscoring growing conviction.
The broader backdrop suggests the onset of a fresh altseason, where low-cap plays and memecoins could see outsized gains of 10–30x in Q4.
Still, volatility remains elevated, making disciplined risk management essential even as momentum builds in favor of the bulls.
Ryan Lee, Chief Analyst at Bitget
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