XRP and Solana Eye Breakout Amid Institutions Buying,

TLDR

Table of Contents

XRP and Solana recorded $695M in combined August inflows from institutional investors.
XRP’s call options outnumbered 3:1 with a put-call ratio of 0.39.
Solana’s call options were 4 times higher than puts, with a put-call ratio of 0.24.
XRP and Solana trading volumes rose 170% and 115% in 24 hours.

XRP and Solana are showing strong signs of a potential price breakout. Both cryptocurrencies have gained interest from institutional investors and options traders. As capital moves from top assets like Bitcoin and Ethereum, investors are focusing on altcoins with pending ETF applications. XRP and Solana are leading that shift, supported by rising inflows, increased trading volumes, and strong call option activity.

Institutional Inflows Grow for XRP and Solana

XRP and Solana have recorded increased demand from institutions over the past month. CoinShares data shows that Solana funds saw $388.80 million in inflows during August, while XRP followed with $307 million. These figures add to their year-to-date inflows of $1.24 billion for Solana and $1.39 billion for XRP.

The growth in institutional interest appears linked to expectations of U.S. Federal Reserve rate cuts. Several Wall Street firms predict a 50 basis point rate cut in September, following weaker-than-expected job reports. As a result, capital is rotating from large-cap assets into select altcoins like XRP and Solana that already have ETF applications in process.

Nansen reports that Solana is benefitting from deeper DeFi integrations and institutional buying activity. Meanwhile, XRP is seeing support from financial firms, despite lower participation from whale wallets. Both assets are drawing attention due to their existing infrastructure and potential regulatory clarity.

Options Traders Signal Bullish Sentiment

Options market data from Deribit suggests a bullish outlook for both XRP and Solana. Traders are favoring call options over puts by a wide margin. In the last 24 hours, XRP options trading showed a put-call ratio of 0.39, meaning calls outnumbered puts nearly three times. Solana’s ratio was even lower at 0.24, with four times more calls than puts.

For XRP, many traders are focusing on strike prices between $2.90 and $3.50, set to expire on September 12. Data shows the highest open interest around the $2.90 strike, which is also the max pain level. XRP is currently trading near that price at $2.94, with a 24-hour trading volume increase of nearly 170%.

XRP Options Expiring Sept 12. Source: Deribit

Solana’s options market follows a similar pattern. Traders are targeting strike prices at $220, $228, and $260 for the same expiry date. The current trading price for SOL is $214.06, with daily lows and highs between $201.59 and $212.07. Its 24-hour trading volume has jumped 115%, showing increased activity around the bullish options positions.

Market Conditions Support the Breakout Setup

Both XRP and Solana are trading near key breakout levels. XRP’s recent 4% gain and high options interest suggest price movement is building. Market analysts are watching for strong volumes to confirm any breakout beyond the $3 level. According to data, large positions are being opened around key strike levels, which could cause increased volatility around expiry.

Solana’s price also moved over 5% in the last 24 hours, reflecting rising trader interest. Institutional buying, ETF expectations, and trading momentum are contributing to price support near the $214 range. With capital shifting from Bitcoin and Ethereum into alternative assets, traders appear to be positioning for further gains.

Market observers are closely watching how these trends play out ahead of the September 12 options expiry. Strong interest in short-term calls and increased fund inflows point to continued movement in XRP and Solana prices over the coming days.

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