Rally

Solana

<p>While the broader altcoin space has come under some sort of consolidation recently, XRP and Solana have continued to head northwards in a show of strength.</p>
<h3 id="xrp-price-on-the-upmove">XRP Price on the Upmove</h3>
<p>The XRP price has shot up by 3% in the last 24 thereby moving closer to $0.60 while taking its market cap to $31.7 billion. On-chain data shows that the recent price appreciation comes along with growing whale participation.</p>
<p>On-chain data provider Santiment reported that XRP has surged to $0.60, a price level not seen since August 16th. Notably, more whales have been entering the market, and the number of wallets holding at least 10,000 XRP has reached an all-time high of 277,620.</p>
<figure id="attachment_162960" aria-describedby="caption-attachment-162960" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-162960" src="https://coingape.com/wp-content/uploads/2023/11/XRP-Price-surge.jpeg" alt="" width="1689" height="1021" srcset="https://coingape.com/wp-content/uploads/2023/11/XRP-Price-surge.jpeg 1689w, https://coingape.com/wp-content/uploads/2023/11/XRP-Price-surge-300x181.jpeg 300w, https://coingape.com/wp-content/uploads/2023/11/XRP-Price-surge-1224x740.jpeg 1224w, https://coingape.com/wp-content/uploads/2023/11/XRP-Price-surge-768x464.jpeg 768w, https://coingape.com/wp-content/uploads/2023/11/XRP-Price-surge-1536x929.jpeg 1536w, https://coingape.com/wp-content/uploads/2023/11/XRP-Price-surge-150x91.jpeg 150w" sizes="(max-width: 1689px) 100vw, 1689px">
 <figcaption id="caption-attachment-162960" class="wp-caption-text">
  Courtesy: Santiment
 </figcaption>
</figure>
<p>For now, the immediate resistance for XRP on the upside is $0.68. If the XRP price manages to beat this, some market analysts believe that the XRP price could rally <a href="https://coingape.com/xrp-price-november-forecast/" target="_blank" rel="noopener noreferrer nofollow">all the way to $0.9</a>0 in the month of November 2023 itself.</p>
<p>On the flip side, the downside looks limited at present. CrediBULL noted that the current resistance phase for XRP doesn’t guarantee a significant price drop but rather hints at a consolidation period. Many altcoins face liquidity challenges in the crypto market, and an improvement in liquidity could lead to potential breakthroughs to higher price levels.</p>
<h3 id="solana-price-rally-continues-to-40">Solana Price Rally continues to $40</h3>
<p>Solana has continued with its <a href="https://coingape.com/solana-price-eyes-40-amid-impressive-rally-and-300-day-breakout/" target="_blank" rel="noopener noreferrer nofollow">bullish momentum</a> gaining another 7% over the last 24 hours and surging past $38 as of press time. With this, Solana has extended its weekly gains to more than 22% and monthly gains to more than 80%. On-chain data shows that the discussion rates for Solana have jumped to their 5-month highs.</p>
<figure id="attachment_162962" aria-describedby="caption-attachment-162962" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-162962" src="https://coingape.com/wp-content/uploads/2023/11/Solana-Market-Value.jpeg" alt="" width="1689" height="988" srcset="https://coingape.com/wp-content/uploads/2023/11/Solana-Market-Value.jpeg 1689w, https://coingape.com/wp-content/uploads/2023/11/Solana-Market-Value-300x175.jpeg 300w, https://coingape.com/wp-content/uploads/2023/11/Solana-Market-Value-1224x716.jpeg 1224w, https://coingape.com/wp-content/uploads/2023/11/Solana-Market-Value-768x449.jpeg 768w, https://coingape.com/wp-content/uploads/2023/11/Solana-Market-Value-1536x899.jpeg 1536w, https://coingape.com/wp-content/uploads/2023/11/Solana-Market-Value-150x88.jpeg 150w" sizes="(max-width: 1689px) 100vw, 1689px">
 <figcaption id="caption-attachment-162962" class="wp-caption-text">
  Courtesy: <a rel="noopener noreferrer nofollow" href="https://twitter.com/santimentfeed/status/1719478624384946479" target="_blank">Santiment</a>
 </figcaption>
</figure>
<p>As reported by Santiment, Solana has reclaimed the #7 position in the market cap rankings, experiencing a remarkable 62% surge in value during the month of October. Notably, nearly 2% of all discussions concerning the top 100 assets revolve around $SOL, and an increasing trading volume would be a positive sign for the cryptocurrency.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/xrp-and-solana-continue-to-rally-defying-crypto-market-consolidation/">XRP and Solana Continue to Rally Defying Crypto Market Consolidation</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.</p>

XRP and Solana Continue to Rally Defying Crypto Market Consolidation

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