Solana Bounces Off 50-Day EMA; XRP ETF Filings Submitted

News Flash 23/08/2025 15:45
Solana's price surged to the $205 resistance level following a significant technical bounce off the 50-day EMA. Analyst Lark Davis noted that a breakout could occur if Solana closes above $205, with potential targets at $220 and $240. In parallel, seven asset managers, including Grayscale and Bitwise, have filed amended S-1 forms for spot XRP ETFs with the U.S. SEC. This coordinated effort aims to meet regulatory standards and could enhance the likelihood of XRP ETF approval, potentially boosting institutional interest in XRP.
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