XRP and Solana ETF Momentum: Is October the catalyst for a new bull market?
Source: CoinWorld
Time: 2025-09-15 11:04:02
The U.S. Securities and Exchange Commission (SEC) approved the spot Bitcoin ETF in early 2024, which catalyzed a 300% surge in institutional cryptocurrency allocation, laying the foundation for potential approvals of XRP and Solana ETFs 10 months ago. XRP’s legal clarity as a non-security asset and Solana’s institutional pledge services provide strong support. Technical indicators show strong momentum in XRP, with backtesting returns reaching 215% since 2022, while Solana tested key resistance at $150. Driven by institutional capital inflows and technological breakthroughs, the approval of ETFs could trigger short-term returns of 30-50%.