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▲ Ripple (XRP) ©
XRP (Ripple), Cardano (ADA), and Solana (SOL) have rebounded together, overcoming weakness at the beginning of the week, thereby increasing their potential for further gains. XRP and SOL have recovered to $1.50 and $120 respectively amid continued institutional spot ETF buying, while ADA is attempting to break through a key resistance level above its 200-day Exponential Moving Average (EMA).
According to investment specialized media FXStreet on September 29 (local time), institutional funds are steadily flowing into spot ETFs related to XRP and Solana. XRP-related ETFs recorded a net inflow for five consecutive trading days, with $3.96 million flowing in on Monday, and $75.59 million last week. Solana-related ETFs also continued their net inflow for seven consecutive trading days, with $12.70 million flowing in on Monday, and a net inflow of $188.22 million last week. The media assessed that this demonstrates both assets remain key interests for institutional investors.
XRP rebounded after three consecutive days of decline, recovering to $1.50. The price is finding support around the 50-day, 100-day, and 200-day EMAs at $1.5016, $1.4673, and $1.4097, respectively, with the 50% Fibonacci Retracement at $1.4558 also strengthening the support zone. The RSI (Relative Strength Index) is near the neutral line of 50, and the MACD (Moving Average Convergence Divergence) is just below the zero line, indicating that the upward momentum is not yet strong. On the upside, the 78.6% Fibonacci Retracement at $1.5907, which prevented two previous rallies last week, is a key resistance level. If broken, the previous high of $1.6999 is set as the next target.
Cardano rose over 2% on Tuesday, continuing its bullish trend above the 200-day EMA. The 50-day EMA at $0.2172 and the 100-day EMA at $0.2103 are also below the current price, supporting the upward trend. The key resistance zone is the 78.6% Fibonacci Retracement at $0.2632 and the downtrend line around $0.2600, connecting the highs of June 15 and July 4. If this zone is decisively broken, a rally to $0.3136 is possible. The RSI is around 63, and the MACD remains in positive territory above its signal line, indicating continued bullish pressure.
Solana recovered to around $120 after a 2% drop the previous day. The current price is significantly above the 50-day EMA at $102.55, the 100-day EMA at $94.57, and the 200-day EMA at $94.47. The 100-day and 200-day EMAs are also approaching a bullish crossover. The RSI is around 64, close to the overbought threshold but not yet exceeding it, while the MACD and its signal line show a potential bearish crossover, suggesting some slowdown in upward momentum.
SOL's next major resistance level is the high of $148.74 on January 13, 2026, suggesting over 20% further upside potential from the current price. Conversely, a decisive break below $116.80 could extend the correction to the 50-day EMA at $102.52. While XRP, ADA, and SOL have all maintained an uptrend for about two months, breaking through key resistance levels of $1.5907, $0.2600-$0.2632, and $148.74, respectively, is crucial for further gains.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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