SOL and XRP Rise 10%: Which Token Still Has Room Left?

Solana and XRP each rose about 10% as bitcoin reclaimed $69,000 after the Treasury expanded long-dated buybacks. SOL traded near $85 after a three-month high of $87.20. XRP moved from about $1.00 to $1.10. U.S. spot ETFs recorded $2.1 million of net inflows into Solana products on Aug. 19 and $2.35 million into XRP funds, according to flow tallies circulated by Cointelegraph. Those sums are small beside bitcoin’s $517 million and ether’s $189 million the same day. The charts, not the ETFs, decide which token still has unused room.

SOL Reclaims Range, RSI Stretched

Solana cleared its July high near $84 and, on the daily chart used in the source analysis, recaptured a long-term moving average it had not held since November. That is a change in character. It is not yet a breakout from the 2026 range of roughly $76 to $98.

The midpoint of that range is about $88. Holding it as support, then taking out $98–$100, would undo a large share of last year’s decline. A run to $98 from $85 is about 15%. Shorter-term RSI has already reached overbought territory, so a fade back under $88 is the first risk. One research note still places a 200-day exponential average closer to $89, which means the average that matters may still sit just overhead.

Derivatives added fuel. About $100 million of Solana shorts were liquidated in 24 hours as bitcoin’s squeeze spread. Forced buying can produce a high. It does not guarantee $100.

XRP Still Below Its 200-Day

XRP’s daily structure is weaker even after the same 10% bounce. Price remains under its 200-day moving average near $1.27. RSI around the high-50s is not stretched. A move from $1.10 to $1.27 is about 15.5%, in line with a 17.5% path if the bounce is measured from just under $1.10.

That path exists only if the July shelf near $1.00 holds. A close back under $1.00 would hand the daily chart back to sellers and cancel the average as a near-term target. XRP short liquidations were much smaller, about $16.5 million, so less of the rise was mechanical covering. U.S. XRP funds held nearly 995 million tokens before the rally. That is stock, not a $2.35 million daily ticket.

ETFs and Squeezes Are Not Enough

Both tokens rose because bitcoin rose. Treasury buybacks pulled long yields down and flushed shorts. Spot ETF tickets of roughly $2 million do not set the trend. SOL is near $85 after $87.20, with $88 the first test inside a $76–$98 range. XRP is near $1.10, still short of $1.27, and must defend $1.00. The liquidation gap—about $100 million in Solana shorts versus $16.5 million in XRP—explains why SOL traveled farther, faster, and why its oscillator is already hot.

The next scheduled inflation print is the PCE price index for July, due Aug. 26. The Fed is debating a hold versus a hike at 3.5%–3.75%, not a cut. A hotter PCE would lift September hike odds and pressure risk assets. A cooler print would do the opposite. Bitcoin’s next leg will do more for both tokens than another $2 million of ETF flow.

Conclusion

SOL looks stronger on the daily chart and is closer to a completed range break. That also means less unused RSI and a nearby $88 test. XRP is still below its 200-day average, so the measured move to $1.27 is larger if $1.00 holds. Neither token has a thesis independent of bitcoin and the Aug. 26 PCE. Until those two resolve, the extra 15%–17% on XRP is a map, not a payment.