
If You Hold XRP, Then You Should Be Paying Attention To These Major Developments
XRP holders should monitor these major developments on the XRP Ledger.

Solana (SOL) shows signs of recovery as it stabilizes within a defined channel after a recent pullback. With easing selling pressure and potential for a corrective upswing, a breakout above the channel could confirm this recovery.
Solana (SOL) is showing early signs of recovery as price action begins to stabilize within a defined channel following its recent pullback. With selling pressure easing and buyers gradually stepping in, momentum appears to be shifting toward a potential corrective upswing.
Presenting a wave outlook for Solana on the 1-hour timeframe, Elliott Waves Academy highlights a potential shift in short-term structure. Momentum appears to be cooling on the downside, opening the door for a corrective phase that could reshape the near-term trend.
One of the more probable scenarios suggests a recovery unfolding through a corrective wave, potentially identified as wave (2)/(B). Such a move may develop into a double zigzag structure, a pattern often seen when the market attempts a deeper retracement with buyers gradually stepping back into the market.
A decisive breakout above the upper boundary of the current diagonal pattern would provide early confirmation of this recovery setup. Strength would be further reinforced if price manages to clear the key level associated with the previous bearish wave, signaling that selling pressure is weakening.

Source: Chart from Elliott Waves Academy on X
From a Fibonacci perspective, the anticipated recovery zone lies between the 50% and 61.8% retracement levels of the prior downward move. These levels often act as magnets during corrective phases, with the potential for an extended push toward the 78.6% retracement if bullish momentum builds.
For a broader bearish wave to occur, this retracement region must act as a strong resistance zone where sellers regain control. A noticeable increase in selling pressure here could trigger the next leg of the decline. However, if Solana begins to form impulsive waves while maintaining a pattern of higher lows, without revisiting the previous bottom, it would increase the likelihood of a more sustained upside move beyond the corrective phase.
Solana is currently stabilizing within a defined channel, indicating early signs of recovery after a recent pullback.
A breakout above the upper boundary of the channel would confirm a potential recovery setup, indicating weakening selling pressure.
The corrective wave scenario suggests that Solana may undergo a deeper retracement, potentially reshaping its near-term trend as buyers re-enter the market.

XRP holders should monitor these major developments on the XRP Ledger.

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According to crypto analyst BitGuru, Solana has moved into a key reversal zone, where price is showing early signs of a bounce following its recent decline. The reaction in this area suggests that the market may be attempting to establish a short-term floor, with buyers starting to respond to the discounted price levels.
At the same time, selling pressure appears to be gradually easing, pointing to a slowdown in bearish momentum. As downside strength fades, conditions often become favorable for buyers to step in, particularly in zones historically associated with demand.
If Solana can maintain support above this level and continue forming higher lows, the ongoing bounce could develop into a more structured recovery. Such a move may pave the way for a push higher, with price potentially targeting the upper boundary of its recent range if bullish momentum continues to build.
SOL trading at $83 on the 1D chart | Source: SOLUSDT on Tradingview.com
Featured image from Pngtree, chart from Tradingview.com