Bitcoin recently hit $126,080 before a sharp correction due to new tariffs on Chinese imports. Analysts are now reassessing top cryptos buying opportunities. XRP strengthens its position in cross-border payments, Solana awaits approval for its US ETF, and TRON shows notable resilience amid volatility. This correction could present a strategic entry point ahead of the Fed's next decision.
Ripple maintains its status as the third largest cryptos with a market capitalization of $143.8 billion. XRP’s payment network is progressively establishing itself as a credible alternative to SWIFT for international transfers. The partnership with the United Nations Development Fund and several American financial institutions confirms the growing legitimacy of the project.
The launch of the RLUSD stablecoin backed by the dollar illustrates Ripple’s ambition to capture a significant share of the stablecoin market, currently dominated by USDT and USDC. This strategic diversification strengthens the Ripple ecosystem and offers new growth perspectives.
On the technical front, XRP displays a 349% gain over twelve months, significantly outperforming Bitcoin (+62%). The token reached a seven-year high of $3.65 in mid-July before correcting. The Relative Strength Index (RSI) currently stands at 39, indicating a potential oversold zone. The divergence with the 30-day moving average suggests an imminent rebound.
Technical analysts identify two bullish pennants formed during the summer, patterns traditionally associated with trend continuations. If XRP ETFs receive regulatory approval by mid-October, the price could quickly test the $5 resistance level. Favorable crypto legislation in the United States would propel XRP toward the $5 to $10 range according to several analytical models.
Solana crosses the $100 billion market cap threshold and consolidates its position as the fastest blockchain in the market. Solana’s DeFi ecosystem records nearly $11 billion in Total Value Locked (TVL), demonstrating sustained adoption. Developers increasingly favor Solana for deploying their decentralized applications, attracted by minimal transaction fees and near-instantaneous confirmation times.
The anticipation surrounding the approval of Solana ETFs in the United States generates palpable excitement among institutional investors. These investment vehicles could catalyze capital flows similar to those observed with Bitcoin and Ethereum ETFs. Progressive regulatory clarity strengthens cryptos market participants’ confidence.
After hitting a floor of $100 in April, SOL currently trades around $184. The RSI indicator shows a reading of 40, positioning the token in a technically attractive zone for accumulation. Major support sits at $150, while key resistance is near $250. A clear breakthrough of this resistance level would likely trigger a bullish acceleration toward the all-time high of $293.31. In a confirmed bull market scenario, several analysts project a target beyond $500 for SOL, supported by the continued expansion of its ecosystem and the arrival of institutional capital through ETFs.
TRON distinguishes itself as the only cryptocurrency in the top 10 showing remarkable resilience during the current correction. Founded in 2017 by Justin Sun, TRON has positioned itself as the second-largest Ethereum competitor in layer 1 after Solana, with a cryptos market capitalization of $30.4 billion.
The blockchain supports sophisticated smart contracts powering a diverse ecosystem: DeFi applications, gaming, NFTs, lending, and asset tokenization. This versatility attracts a growing number of developers and daily users.
While Bitcoin loses 4%, and Ethereum and Solana drop by about 6%, TRON limits its decline to just 1%, trading at $0.3127. This exceptional relative performance testifies to the solidity of its investor base and the maturity of the network. The token currently sits 25% below its all-time high of $0.4313, reached on December 4, 2024.
Chart analysis reveals a rapid rise in buying activity, generating a 76% increase in 24-hour volume. This renewed interest suggests strategic cryptos accumulation by savvy investors. TRON may encounter resistance near its previous peak, but a clean breakout would open the path toward the psychological target of $0.50.
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