With the latest news of President Donald Trump announcing a Crypto Strategic Reserve with mentions of XRP (XRP) and Solana (SOL), market observers are wondering if XRP and Solana could grow ten times. Following this huge announcement, can it propel XRP and Solana to go crazy?
In other altcoin news, the rising altcoin JetBolt (JBOLT) is creating a loud buzz in the crypto community with its presale that has already sold close to 340 million tokens.This young crypto is generating a new hype with its zero-gas technology and other advanced Web3 features.
Which of the altcoins—XRP, Solana, and JetBolt—should crypto holders buy? And what’s fueling the excitement behind JetBolt’s presale? Let’s uncover.
Can XRP Hit $5?
XRP has reclaimed its third spot in terms of market cap, trading at $2.80 today after an 8.0% decline this month. However, XRP rebounded sharply, surging by 24.3% in the last 24 hours following the announcement of Trump’s Crypto Strategic Reserve, which ignited a boost in the crypto community.
Based on its technical indicators, XRP is currently in a bullish outlook, after breaking above $2.25. This recent gain could signal a stronger buying pressure for XRP. The coin is testing resistance at $2.82, followed by $3.13, if it surpasses the first resistance.
Can XRP smash $5? According to XRP analysts, the market volatility, the ongoing legal battle against Securities and Exchange Commissions (SEC) and regulations surrounding Ripple Labs present challenges for XRP in reaching this price goal.
However, they also added that some factors are pushing XRP to attain $5. As of the moment, the coin is backed by increased trading volume, a strong market cap, and a rising moving average. XRP has also received a green light from Brazil’s Securities and Exchange Commission (CVM) for Hashdex Nasdaq XRP Index Fund’s XRP exchange-traded fund application (ETF), marking a historic first-ever spot ETF approval.
With its XRP ETF achievement, along with other favorable market conditions, some more bullish analysts believe that XRP could reach $5 by 2030.
Can Solana Reach $500?
After falling to $130 this month, Solana is trading at $169.87 today and has gained 6.9% this week. With Trump’s announcement of the Crypto Strategic Reserve, which includes Solana, SOL spiked by 18.3% in the last 24 hours. But can this momentum push Solana to reach $500?
Solana’s technical indicators suggest a bullish outlook after completing a five-wave Elliott cycle. Solana is encountering a resistance at $171.37, with the next level at $179.92. Analysts suggest SOL is nearing a correction and has the potential for a B-wave bounce, reaching $200 and $220.
For Solana to reach $500, the coin must gain more bullish momentum, break ceilings and milestones, achieve ETF approval, and increase wider adoption. Meanwhile, factors like market volatility, the SEC’s Classification of SOL, challenges in ETF approval, and regulatory risks are still preventing SOL from hitting its ambitious target. If the market condition favors SOL, analysts suggest the sixth-largest cryptocurrency could reach $500 by 2028 or 2030.
What’s Behind JetBolt’s Buying Frenzy of Almost 340 Million Tokens Sold?
While reaching price targets for XRP and Solana remain uncertain, a new altcoin is disrupting the crypto space with its cutting-edge blockchain technology: JetBolt (JBOLT).
Powered by the sophisticated Skale Network, JetBolt offers zero-gas technology, with the main function of eliminating gas fees. By removing these gas charges, developers creating decentralized applications (dApps) and other Web3 projects on JetBolt platforms can make on-chain transactions as many times as they want without the hassle of paying for gas costs.
Aside from gas-free transact