Share this article
Solana's 18 Month Long Bull Run Against Ether Is Over; XRP Ends Mini-Uptrend
The SOL/ETH ratio signals an end of a prolonged uptrend and ether outperformance ahead.
Updated May 29, 2025, 1:21 p.m. Published May 29, 2025, 12:05 p.m.
What to know:
- The SOL/ETH ratio signals end of a prolonged uptrend and ether outperformance ahead.
- XRP's recovery from April lows looks to be over.
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Programmable blockchain Solana is on course to flip its rival and leading smart contract blockchain Ethereum in terms of market capitalization, several observers have said it in recent months.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
However, for now, Ethereum's native token ether seems to have an upper hand over Solana's SOL , according to technical analysis.
The SOL/ETH ratio has dived out of an upward sloping trendline connecting lows in September 2023, June 2024 and December 2024, per data source TradingView. In other words, tables have turned in ETH's favor and the token could outperform SOL in the near-term.
Additionally, the weekly chart MACD histogram is printing red, indicating a strengthening of the downside momentum.
The immediate support is seen at 0.055 (the Feb. 25 low). The pair needs to move back above the Ichimoku cloud to negate the SOL bearish outlook.
XRP loses uptrend
Another coin showing a shift in market trend is XRP, the cryptocurrency designed for cross-border payments.
XRP has dived out of a bullish ascending channel, marking the recovery from the early April lows near $1.6.
The breakdown has exposed support at $2, which acted as floor several times early this year. Should the buyers fail to defend that, a deeper slide to $1.60 could be seen.
On the higher side, the recent high of $2.65 is the level to beat for the bulls.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
BONK Extends Slide as Resistance Rejection Pushes Token Back Toward Support
BONK fell 4.5% as resistance near $0.00001010 capped early strength, sending the token into a tight consolidation band around $0.00000910.
What to know:
- BONK fell 4.5% after price was rejected near $0.00001010, reversing a brief early advance
- A 2.03T-token volume surge marked the session’s turning point and defined the resistance ceiling
- Price stabilized near $0.00000910 with repeated tests of nearby resistance, forming a developing consolidation base
Top Stories
