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Solana’s price outlook – Rangebound, but supported by accumulation At the time of writing, SOL was trading below both the 50-day [$135.50] and 200-day [$188.05] moving averages. This hinted at a broader bearish structure. However, the Accumulation/Distribution Line highlighted consistent upward movement – A sign that smart money might be entering at press time With relatively low volume and resistance around $135, price action could remain rangebound in the short term. However, sustained on-chain growth could act as a tailwind for future rallies. Solana has been exhibiting strong foundational demand, despite speculative capital pulling back. If the price eventually aligns with network strength, SOL may gear up for another rally on the charts. $SOL

Flashback to 2018: XRP Outshined ETH! Will History Repeat? During the 2018 bull run, $XRP made waves by outperforming #ETH, capturing the interest of both retail and institutional investors. As we gear up for another potential bull cycle, will XRP reclaim its dominance? Meanwhile, Bitget & Pi Network are celebrating Pi Day! Invite your friends and join the festivities for a chance to win $PI. A perfect time to engage with the community and dive deeper into the crypto revolution! Which altcoin do you think will shine the most this cycle? Drop your predictions below!

Global investment firm Franklin Templeton has applied for an XRP ETF with the US Securities and Exchange Commission (SEC). After the firm’s filing on Tuesday, the SEC announced it would delay its decision on earlier applications filed by Canary Capital and Grayscale. According to an S-1 registration Franklin Templeton submitted to the SEC, the investment firm plans to trade its XRP ETF product, if approved, on the Cboe BZX exchange, using Coinbase Custody as the custodian for its XRP holdings. A section of the filing stated that the fund aims to reflect the overall performance of XRP’s price. Besides Franklin Templeton, other investment firms have already filed for XRP ETFs with the SEC, including Bitwise, 21Shares, Grayscale, WisdomTree, Canary Capital, and CoinShares. All these firms are waiting for the SEC’s approval before launching products that will make XRP available for institutional investors, similar to what happened with Bitcoin and Ethereum last year. Related: XRP ETF Race Kicks Into High Gear: Bullish Rebound Possible? According to SEC laws, the regulatory commission has a 240-day window to decide whether to approve or deny Franklin Templeton’s application. Meanwhile, ETF analysts Eric Balchunas and James Seyffart forecast a 65% chance that the SEC will approve XRP ETFs before the end of 2025. The SEC’s Assistant Secretary Sherry Haywood noted that the commission has decided to take more time before ruling on the proposed rule change. According to Haywood, that would give the institution sufficient time to analyze the issues raised. XRP’s price jumped 16% on Tuesday following Franklin Templeton’s ETF application. Related: Ripple CEO: XRP ETF Approval “Inevitable” – Analyzing Potential XRP Price Reaction The altcoin bounced off a $1.897 monthly low to reach $2.245 in the early hours of Wednesday before pulling back slightly to trade for $2.160 at the time of writing, according to data from TradingView. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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