Here’s Why XRP and Solana Prices Might Crash Soon, Crypto Veteran Warns

A lot of worrying signs for crypto traders this week as analysts report the decrease in capital inflows in Bitcoin and other cryptos.

The XRP price took a hit and is now down 3% in the last 24 hours, now trading below $2.60. Solana holders have even more reasons to be worried since the SOL price lost 8.5% today and is now trading around $166, which is well below its ATH of around $294 set just last month.

Crypto analyst Ali Martinez just posted viral XRP and Solana charts, both with bearish signals.

XRP Price Shows Concerning Signals

Looking at the XRP chart shared by Martinez, several warning signs are emerging. The cryptocurrency has been trading in an upward trend, but the latest price action shows a bearish candlestick pattern that could signal a reversal. This comes after a strong series of bullish candles that pushed XRP higher in recent weeks.

The TD Sequential indicator, which traders use to spot potential trend reversals, is now flashing a sell signal with a green “9” appearing just before the bearish candle. This technical pattern often indicates trend exhaustion and suggests that XRP might be due for a pullback.

The XRP price recently tested resistance near the $2.85-$2.90 range but failed to hold above these levels. With increasing selling pressure, XRP is now retreating towards the $2.50-$2.54 zone, and further downside could be possible if this bearish momentum continues.

Read also: 6 Reasons Why Ripple (XRP) Price Rally is Not Over

Solana Network Activity Raises Red Flags

The situation for Solana looks even more concerning, with on-chain metrics painting a troubling picture. According to Martinez’s analysis, Solana’s network has experienced a dramatic decline in active addresses. From a peak of 18.5 million active addresses recorded on October 22, 2024, the number has plummeted to just 8.4 million by February 15, 2025 – representing a more than 50% decrease in network activity.

This significant drop in network usage appears to be catching up with the SOL price action. While SOL’s value initially showed resilience, moving from $161.34 in October to $294 in mid-January, the token is now experiencing a sharp decline. Today’s 8.5% price drop to $166 might be just the beginning of a larger correction as the market begins to react to these deteriorating network metrics.

All in all, today’s SOL price action suggests that reality might be finally catching up with Solana’s valuation. Not only Solana holders, but all traders looking to trade on this network should watch closely these on-chain stats as Solana price can affect the whole ecosystem.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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