Solana’s Extended Bull Run Versus Ethereum Ends; XRP Pulls Back After Short-Term Gains

Solana Loses Technical Edge Over Ethereum as Uptrend Breaks; XRP’s Recovery Falters

Solana’s extended stretch of strength relative to Ethereum appears to have ended, as key technical levels give way and momentum shifts toward ETH.

The SOL/ETH ratio, a gauge of relative performance between the two tokens, has broken below a crucial ascending trendline that connected major lows in September 2023, June 2024, and December 2024. This breakdown, identified on TradingView, suggests the end of Solana’s 18-month run of outperformance and potential gains ahead for ether.

Momentum indicators are aligning with the shift. The MACD histogram on the weekly timeframe has turned negative, indicating rising bearish pressure. Support now sits at 0.055—the February 25 low—while a move above the Ichimoku cloud would be needed to invalidate the bearish outlook for SOL.

XRP Weakens After Channel Breakdown

XRP is also flashing signs of weakness, with its recent uptrend giving way. The token has broken below a rising price channel that had supported its rebound from early April lows near $1.60.

The loss of trend support exposes the $2.00 level, which has served as a reliable floor in previous drawdowns. A failure to hold this area could invite a deeper correction toward $1.60.

To regain momentum, bulls would need to push XRP back above its recent peak of $2.65—a level that now stands as the immediate resistance.