End of the Road for Solana’s 18-Month Outperformance Over ETH; XRP Reverses Recent Uptrend

Solana’s Run Against Ethereum Stalls; XRP’s Upward Momentum Reverses

Solana’s dominance over Ethereum may be fading as a key technical trend breaks, shifting sentiment toward ETH in the short term.

The SOL/ETH ratio, which had been climbing steadily since late 2023, has broken below an important upward trendline that connected the lows from September 2023, June 2024, and December 2024. This breach, highlighted by TradingView data, marks the first major technical failure in Solana’s favor in over a year.

Adding to the bearish outlook, the weekly MACD histogram has flipped into negative territory, reinforcing signs of weakening momentum. The next level to watch is 0.055, the ratio’s low from February 25. A decisive move above the Ichimoku cloud would be needed to revive SOL’s technical strength.

XRP Falters as Support Levels Come Into Focus

XRP, which had mounted a modest recovery since early April, is also showing signs of stress. The token has dropped out of an ascending channel pattern, suggesting that its recent bullish structure is breaking down.

Price action now gravitates toward the $2.00 level—a critical support zone that has held multiple times this year. A failure to hold above it could see XRP sliding back to $1.60. For bulls to regain control, a breakout above $2.65—the recent high—would be essential.