Institutions Shift from XRP to Solana: SOL Eyes $300 Target
At The Bridge conference, Coinbase Asset Management president Anthony Bassili said institutional investors favor Bitcoin and Ethereum, while Solana is increasingly vying for third spot ahead of XRP. Solana’s network velocity and liquidity participation surpass XRP, making SOL more attractive for large investors who seek real-world usage signals.
SOL price recently traded between $142 and $145, breaking a descending trendline and holding key support. A break above $150 could target resistance at $185–$200, and a decisive rally could push SOL toward $300, marking a 110% gain. Technical indicators—RSI recovering from oversold and MACD bullish crossover—suggest short-term volatility may offer buying opportunities.
Meanwhile, Bitcoin Hyper (HYPER) layer-2 sees $27.8M in presale capital, highlighting demand for fast, low-fee Bitcoin solutions. Traders should watch Solana’s market structure and institutional flows to gauge potential entry points and risk levels.
Bullish
Institutions are shifting capital to Solana from XRP, indicating robust demand and confidence in SOL’s fundamentals. Solana outperforms XRP in network velocity and liquidity depth—metrics favored by large investors. Technical analysis shows SOL breaking resistance, RSI recovery, and an emerging MACD bullish crossover, signaling a potential uptrend toward $300. Similar institutional rotations in 2021 led to significant price rallies. Short-term volatility may offer buying opportunities, while long-term growth hinges on ecosystem development and adoption. Overall, the news favors a bullish outlook for SOL amidst improving market structure.