This week, the crypto market witnessed an overall improvement. Solana (SOL) notably stood out, showcasing an impressive gain of 11.90%, indicating heightened investor confidence likely spurred by positive developments or growing interest in the project. Conversely, XRP faced challenges, encountering a -8.74% decline. According to CoinTelegraph, negative indicators, such as a bearish pattern, notable XRP holder selling, and bearish technical setups, contributed to the prevailing pessimistic sentiment around XRP. Additionally, the absence of optimism for a spot XRP exchange-traded fund (ETF) approval and the ongoing legal issues with the U.S. Securities and Exchange Commission (SEC) heightened the challenging environment for XRP throughout the week.
