Ripple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00. Meanwhile, Ripple’s $5 billion bid to acquire Circle, the company that issues USDC stablecoin, has caught the industry’s attention.
Solana (SOL) price is stabilizing at around $149 at the time of writing on Thursday, after finding support around its 50-day Exponential Moving Average (EMA) the previous day. On-chain data support a bullish thesis as SOL’s stablecoin market capitalization has surged to $13 billion, reflecting increasing network usage. Moreover, Bloomberg Intelligence reports that the likelihood of US regulators approving a Solana spot Exchange-Traded Fund (ETF) in 2025 has risen to 90%.
The wider cryptocurrency market may have slowed the relief rally that began after United States (US) President Donald Trump paused reciprocal tariffs for 90 days on April 9, but select altcoins such as Fartcoin, Virtuals Protocol (VIRTUAL), Curve DAO (CRV) do not show any signs of a waning bullish momentum. Fartcoin’s price hovers at $1.22 at the time of writing on Thursday, amid an extended rally from its April low of $0.35. The meme coin’s ascent above the 12-hour 50, 100, and 200 Exponential Moving Averages (EMA) flipped the narrative bullish, igniting trader interest and confidence in the recovery.
