XRP and Solana Lead Crypto Recovery via ETF Inflows
XRP and Solana are driving a cryptocurrency recovery fueled by millions in institutional ETF inflows, while Cardano gains momentum through large-holder accumulation.
XRP and Solana are leading a cryptocurrency market recovery driven by significant institutional interest and exchange-traded fund inflows. On Thursday, XRP-focused ETFs recorded $14.89 million in inflows, extending a three-day streak and keeping the asset above the $1.51 support level.
Solana experienced stronger growth, recording $32.81 million in ETF inflows. This marks the fifth consecutive day of growth for the asset, with traders monitoring a potential breakout above $116.88.
Cardano is also trending bullish, though its momentum differs from the ETF-driven growth of its peers. The asset's rise is fueled by whale accumulation, with addresses holding between 100 million and 1 billion ADA increasing their supply share from 6.5% to 7.59% over the last two weeks. However, a high Relative Strength Index suggests that Cardano's growth may face limitations despite the retention of large holders.