XRP and Solana Draw Institutional Spotlight as Analysts Forecast Fresh Highs

Despite renewed geopolitical turbulence rattling global markets, institutional appetite appears to be strengthening around key crypto assets like XRP and Solana (SOL), with analysts pointing to legal clarity, ETF optimism, and treasury diversification as driving factors.

Markets wavered Thursday following reports of Israeli airstrikes on Iran, prompting a broad risk-off sentiment. Bitcoin (BTC) slipped to around $105,000, and most digital assets followed suit in early Asian trading.

Still, some tokens are showing resilience — and even opportunity — in the face of volatility.

XRP: Treasury Adoption and Legal Tailwinds

Trading just above $2.10, XRP is emerging as a favored allocation among corporate treasuries. According to Bitget Research Chief Analyst Ryan Lee, more than $470 million in XRP purchasing power is being prepared by firms including Webus International ($300 million), VivoPower ($121 million), and Wellgistics ($50 million).

“The institutional use case for XRP is being validated in real time,” Lee said. “Its utility in cross-border payments is increasingly attractive to companies managing global operations.”

He added that pending outcomes in regulatory litigation — along with speculation around a potential XRP exchange-traded fund (ETF) — could push the token to $5 by mid-2025. “It’s a narrative-driven market, and XRP is aligning with some powerful ones.”

Solana: Revenue Strength and ETF Hype Fuel Momentum

Solana, meanwhile, is benefiting from surging application revenue and ETF-driven inflows. The token is trading near $165, underpinned by over $1.2 billion in Q1 network revenue and growing futures market participation.

Lee notes that if momentum continues, SOL could test the $200–$250 range, with longer-term upside toward $300. “Solana’s fundamentals are finally catching up with its valuations,” he said.

Institutional bets on Solana are also deepening. The DeFi Development Corporation announced Thursday plans to raise up to $5 billion via an equity line to expand its Solana holdings. The firm had previously filed, and later withdrew, a $1 billion Form S-3 registration to fund a similar initiative.

As on-chain fundamentals and institutional narratives converge, XRP and SOL are emerging as bellwethers for broader altcoin market sentiment — with analysts watching closely to see if these trends hold amid geopolitical uncertainty.