XRP and Solana Price Predictions as Cooling June CPI Data Boosts Risk Assets

The latest inflation report came in cooler than anyone guessed, and crypto took off again. June CPI dropped to 3.5%, under the 3.8% forecasters had penciled in. That gave investors a fresh reason to believe the Fed might cut rates sooner. So money started flowing back into riskier bets.

The Bitcoin price climbed more than 1.3% and pushed back over $65,000. That lifted everything else with it.The XRP price followed, up 2.4% to about $1.10. Solana rose 1.5%, trading near $77.20.

Lower inflation changed the mood fast. But the real question nobody can answer yet: can this run keep going through July and into the end of summer, or will it fade out like so many others before it?

Why Cooling CPI Is Fueling XRP and Solana

June’s inflation numbers beat expectations across the board. Annual CPI came in at 3.5% instead of the 3.8% economists predicted. Core CPI dropped to 2.6%, under the 2.8% forecast. And monthly prices actually fell 0.4%, the biggest one-month drop we’ve seen since May 2020.

Markets took that as a sign inflation might finally be headed toward the Fed’s 2% goal. That means less pressure to keep rates locked high.

Risk appetite came back in a hurry. US stock futures ticked up right after the data dropped. Bitcoin pushed back over $65,000 and led the way for other cryptos.

XRP and Solana followed Bitcoin higher as traders started pricing in rate cuts down the road. Lower borrowing costs usually mean more money sloshing around, which tends to be good news for digital assets.

XRP Price Analysis: Can Buyers Hold the Breakout?

We took a look at the chart, and buyers jumped in as soon as the CPI numbers came out. XRP hit $1.1023, up 2.89% from its opening price of $1.0713. 

That move pushed it back above the $1.10 mark after a few rough sessions. But here’s the catch, it’s still stuck below the early July high around $1.17. So buyers haven’t fully taken control yet.

Source: Tradingview.com

The indicators look better than they did. The Stochastic RSI shot up to 96.89, with its signal line at 54.67, that tells you buying picked up fast after the data dropped. The Ultimate Oscillator climbed to 66.56, its best reading in days, showing demand is growing across different timeframes. 

But there’s a warning in there too. That jump in the Stochastic RSI also puts XRP in overbought territory. So if buyers can’t keep pushing, we could see some profit-taking.

Looking at the chart, the first hurdle is $1.12–$1.15. That area rejected buyers multiple times earlier this month. Break through that, and $1.18 comes into view, then $1.25. 

But if the momentum stalls, support is around $1.08, with stronger footing down at $1.05, that zone held firm a few times since late June. As long as the XRP price stays above those levels, the recovery is still alive. Drop below, and we could be looking at a trip back to $1.00.

Related XRP News: Here’s How a 70/30 XRP and XLM Portfolio Could Build Long-Term Wealth

What’s Driving the XRP Price Through the End of July?

The biggest fundamental catalyst came from Ripple joining the UK Treasury’s 54-member Wholesale Digital Markets taskforce. 

The initiative aims to develop tokenization standards for UK wholesale finance, a market projected to contribute up to £33 billion to annual economic output by 2035. The move strengthens Ripple’s institutional presence, even though it is unlikely to have an immediate impact on the XRP price.

Network activity has also picked up. Daily payment volume on the XRP Ledger shot up over 200% to roughly 291 million XRP. That shows you more people are actually using the network.

Also, someone moved $64.9 million worth of XRP to Binance. That triggered a lot of chatter. Some traders see that as a sign of selling coming. But here’s the thing, derivatives open interest is dropping, and funding rates are still positive. 

That means less leverage in the system. So if buyers can punch through the key resistance levels, XRP has room to keep climbing.

Solana Price Analysis: Is SOL Ready for Another Leg Higher?

We pulled up the chart. SOL bounced back to $77.24, up 2.56% on the day after finding a floor near $75. That came after a stretch of lower highs, so for now, buyers have the upper hand. But SOL is still stuck below that early July peak around $82, and that’s the next big wall to crack.

Source: Tradingview.com

The indicators look healthier. The Stochastic RSI ran up to 77.97, with the signal line at 43.34, telling you buyers are becoming active. The Ultimate Oscillator hit 58.91, and the RSI recovered to 53.37, climbing back above the neutral 50 line. 

All that points to better momentum. But here’s the thing, until the SOL price breaks $80–$82, we’re not talking about a real move toward $85. That’s the line in the sand. If the momentum fades, support is around $75, with stronger footing down at $72.

What’s Driving the Solana Price Through the End of Summer?

Solana continues to benefit from growing real-world adoption. Confirmo and trading firm FTMO have launched Subscribe, a recurring payment service that enables businesses to automate USDC and USDG subscriptions on Solana. 

The new launch pushes Solana deeper into enterprise payments and reinforces its reputation as a cheap chain for moving stablecoins around.

Regulation and network usage are also working in SOL’s favor. The SEC’s new safe harbor proposal could clear up some of the fog around tokenized assets, an area where Solana’s real-world asset ecosystem has grown from $1.4 billion to $3.3 billion this year alone. 

Meanwhile, the network handled over 1 billion non-vote transactions in a single week. Active wallet addresses climbed from 16.8 million to 29.7 million. That kind of growth points to stronger network activity.

XRP and Solana Price Prediction

For XRP, here’s how July could end:

If things go right for XRP:

Bitcoin stays above $65,000 and XRP punches through $1.15. Buyers could push it toward $1.20–$1.25. Stronger activity on the XRP Ledger and better institutional interest would back that move.

If things go wrong for XRP:

Inflation worries creep back in, or XRP loses $1.08. Then we could see it drop toward $1.00–$1.03. That big Binance transfer might also spark some selling pressure.

The middle ground for XRP:

Expect XRP to wander between $1.08 and $1.18 through July. Traders are weighing good fundamentals against clear resistance on the chart.

For Solana, here’s how summer could end:

Best case for SOL:

If it breaks above $82, we could see $90–$95. Growing enterprise use, record network traffic, and friendlier regulation would fuel that run.

Worst case for SOL:

If $75 doesn’t hold and the broader market weakens, the Solana price could fall back to $70–$72.

What’s most likely for SOL:

If macro conditions stay supportive and network growth keeps up, SOL probably trades in the $80–$88 range by the end of summer. But Bitcoin will still be the main driver for the whole market.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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