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XRP, Solana & Cardano – Aug 1

August 1, 2025
in Crypto News
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XRP, Solana & Cardano – Aug 1
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Web 3 Journalist

Tim Hakki

Web 3 Journalist

Tim Hakki

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A journalist and copywriter with a decade’s experience across music, video games, finance and tech.

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Last updated: 

August 1, 2025

XRP, Solana & Cardano – Aug 1

Bitcoin, the daddy of all crypto, recently soared to an all-time high (ATH) price of $122,838, little under a week ago, igniting renewed bullish momentum across the market. Today, prices have been falling across the board for two reasons: Trump’s controversial tariffs take effect today, and investors are cashing in on recent explosive gains.

Renewed optimism has buoyed the entire crypto sector, boosting major altcoins and the very best meme coins alike. In the last year alone, assets like XRP, TRON, Sui, Solana, Pepe, TrumpCoin, SPX6900, and FartCoin have all logged new record highs—evidence of growing investor confidence in the sector’s long-term trajectory.

There are also sign that the US government is going to make good on its word to regulate crypto. Yesterday, the SEC announced “Project Crypto“, a series of initiatives that will modernise American securities laws to hopefully give the industry the clarity it has long called for.

With bullish sentiment returning, attention is shifting to coins set to break through previous price ceilings.

Ripple (XRP): Cross-Border Payments Crypto Logs Massive Price Gains

Ripple’s XRP reached a new ATH of $3.65 on July 18, surpassing its former record of $3.40 set back in 2018. The token now trades at around $2.91—a 20% pullback from its latest peak, yet still up 33% over the last month, indicating high profitability relative to its competitors.

Renowned for allowing real-time international transactions with minimal fees, XRP has become a favorite among financial institutions. Its adoption by entities such as the United Nations has reinforced its standing in the global payments arena.

A turning point came in 2023 when a U.S. court ruled that XRP’s retail sales do not constitute securities—a legal win that provided clarity and helped spark renewed institutional interest by 2025.

The result? XRP has exploded 378% over the last 365 days, dramatically outperforming Bitcoin’s 78% return over the same period.

crypto price prediction: xrp

Technical indicators show some cooling off, with the Relative Strength Index (RSI) dropping from 86 just under a fortnight ago to 48. This indicates sustained sell pressure that still has some mileage before it reaches the oversold 30.

In the last 24 hours alone, XRP has fallen 7.7%, in line with a broader market rout that has shrunk crypto’s collective market cap 8.4% overnight to $3.79 trillion. There’s likely to be more downside until the token’s price converges with its 30-day moving average, which it is now doing for the first time since early July.

Still, robust support near its current level could limit losses, provide a potential reentry point for buyers, and ultimately reverse its downward course.

A bullish flag pattern, formed between late 2024 and early April, suggests XRP could attempt a breakout toward the $4 level later this year.

Solana ($SOL): High-Speed Ethereum Rival Crypto on the Brink of Explosive Price Rebound

Solana ($SOL) continues to prove its mettle as a high-performance crypto platform, known for rapid transaction processing and extremely low price transactions. With a market cap of more than $90 billion and total value locked (TVL) surpassing $9.55 billion (according to DeFiLlama), Solana is now a heavyweight in the DeFi space.

Speculation is intensifying that Solana may soon receive approval for a spot ETF, following similar recent approvals for Bitcoin and Ethereum—an event that could open the floodgates for institutional investment, as ETF products include regulatory guardrails that help attract more traditional investors.

Adding intrigue, Donald Trump has floated the idea of including Solana in a potential U.S. Crypto Reserve, which would store seized crypto assets.

SOL has bounced back impressively from its April pullback to $100 after climbing to $250 in February. Currently priced at $167, it has surged 12.1% over the past month, although today’s market-wide dip has shorn 7% from it in the past 24 hours.

Still, today’s sell-off is due to investors flipping to a risk-off outlook as the US begins implementing tariffs on foreign goods that are perceived as stringent. The SEC’s announcement in the last 24 hours that it will begin actively legislating crypto is likely to catalyze a rebound as we get more developments in the coming months.

With SOL’s RSI cooling from an overheated 82 last week down to a neutral 45, the asset may decline a little further before beginning an explosive recovery rally.

Strong support exists around the $150 level, while resistance at $200 and $250 remains the key barrier to retesting the all-time high of $293.31—or even hitting $300 before year-end.

Cardano (ADA): Green Blockchain Challenger Eyes Breakout in 2025

Cardano ($ADA) has regained traction, posting a 28% gain from last month. Its ascent is fueled by positive technical trends and rising institutional interest. Alongside XRP and Solana, it has been mentioned by President Trump as a contender for inclusion in a proposed national crypto reserve.

Founded by Ethereum co-founder Charles Hoskinson in 2014, Cardano’s commitment to peer-reviewed research and its energy-efficient Proof-of-Stake (PoS) model have made it a standout project. The platform helped influence Ethereum’s shift away from energy-heavy mining operations.

Now commanding a market cap of over $25.8 billion, ADA would need to more than triple in price to rival Solana’s market cap and claim the second spot behind Ethereum.

crypto price prediction: cardano

In the past 24 hours, ADA has dipped 8.7%, in line with the broader market rout, maintaining a trend similar to other top altcoins like XRP and Solana.

With the current price hovering around $0.7154, analysts forecast a mid-year target of $1.50. More ambitious outlooks suggest a potential return to the 2021 high of $3.09—a 332% jump from today’s levels.

A bullish flag chart pattern further strengthens the case for more upside. However, the RSI has softened from 85 at the beginning of last week to 44, indicating healthy profit-taking. This mirrors the consolidation seen in XRP and Solana, which may set the stage for renewed gains later in the year.

Key resistance is pegged at $1.15, while support holds strong in the $0.85 to $0.90 zone.

Snorter ($SNORT): Meme Coin Meets Crypto Trading Bot Power in Standout Presale

For investors eyeing the next big opportunity, early-stage crypto launches often deliver the most explosive potential.

Snorter ($SNORT) is one such emerging project—a meme-themed token with actual trading bot utility. Built on Solana and designed for cross-chain use, Snorter integrates directly with Telegram to provide real-time market insights to group chats.

With a lean 0.85% trading fee, Snorter positions itself as a strong competitor to tools like BonkBot, Maestro, and Trojan. Features include front-running-resistant swaps, copy trading, automated limit orders, and tools to detect potential rug pulls—offering a complete suite for active traders.

Investor interest is already surging, with more than $2.6 million raised in presale funding. Early participants can earn staking rewards of up to 161% APY, although this figure decreases as more participants join the pool. At a price still around $0.10, the token’s cost will rise nominally in upcoming rounds—making earlier participation a little more advantageous.

Whether you’re deep into meme coins or just starting out, Snorter aims to deliver serious utility in an accessible package for the fast-paced world of crypto.

Keep up with Snorter on X, Instagram, or join the presale on the Snorter website.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.



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