Analysts Split on Buy/Sell Outlook for XRP and Solana After BlackRock ETF Rejection
BlackRock’s decision to reject XRP and Solana ETF applications has reignited debate among analysts on both tokens’ near-term prospects. XRP has gained 10.36% this week, trading in a 2.93–3.41 range, and sits 35.1% above its six-month low. Key resistance levels are 3.64 and 4.12, while support lies at 2.68 and 2.20. Traders note bullish momentum indicators as long as XRP holds above 3.00. Solana has rallied 13% over the past week, trading between 167 and 192, but remains 7% below its six-month peak. A breakout above 202 could target 227, while a drop below 152 may test 127. Momentum metrics point to a short-term grind higher, though mixed longer-term signals suggest caution. Analysts remain evenly divided on buy or sell recommendations for both assets.
Neutral
BlackRock’s ETF rejection has created short-term volatility but no clear directional trend for XRP or Solana. XRP’s strong weekly gain and technical support above 3.00 suggest bullish momentum, yet wider market hesitation keeps analysts cautious. Solana’s mixed performance—rallying in the past week but lagging longer-term highs—reinforces a wait-and-see approach. Historically, ETF decisions by major asset managers spark initial price swings followed by consolidation. In this case, balanced technical levels and split analyst recommendations point to a neutral impact on market sentiment in both the short and medium term.