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The Solana worth rose over 5% up to now 24 hours to commerce at $136.92 as of 12:35 a.m. EST on buying and selling quantity that plunged 24% to $5.5 billion.
This comes as Hex Belief introduced that it’s launching Wrapped XRP (wXRP) to boost the Ripple token’s decentralized finance (DeFi) and cross-chain utility.
Consequently, wXRP can be tradable alongside RLUSD on Ethereum and different supported chains, together with Solana.
BREAKING: XRP is coming to Solana 🔥 pic.twitter.com/LabnKkLs71
— Solana (@solana) December 12, 2025
In one other improvement, Anthony Scaramucci, founding father of SkyBridge Capital, advised the Breakpoint convention that Solana might surpass Ethereum in market worth.
“I feel it would flip Ethereum,” Scaramucci stated, including that he nonetheless loves ETH and Avalanche.
ANTHONY SCARAMUCCI ON SOLANA $SOL: “I THINK IT WILL FLIP ETHEREUM.” pic.twitter.com/Id942yiDVv
— The Wolf Of All Streets (@scottmelker) December 11, 2025
Scaramucci’s feedback revived the 2 chains’ long-running Layer-1 rivalry, which has intensified as Solana’s ecosystem continues increasing with new infrastructure, developer instruments, and institutional pipelines.
Regardless of the 24-hour surge, the Solana worth continues to be down over 11% within the final week. Can this restoration result in a sustained reversal of the bullish development?
Solana Value Getting ready For A Potential Reversal Try
After rallying strongly to the $250 area in September, the SOL worth entered a pointy correction part, sliding again right into a well-defined falling channel sample that has dominated the market construction since mid-September, in response to the 12-hour TradingView chart.
This sustained downward stress pushed the Solana worth under each the 50-day and 200-day Easy Transferring Averages (SMAs), reinforcing the broader bearish market setting.
Because the selloff continued, the worth repeatedly revered the boundaries of the descending channel, forming decrease highs and decrease lows.
Nevertheless, assist close to the $125 zone has since helped stabilize Solana’s worth, resulting in a modest restoration. Nevertheless, sellers have efficiently capped the worth to commerce under the $147 resistance.
SOL is at the moment buying and selling slightly below the highest of the falling channel, making an attempt to push greater after reclaiming the 50-day SMA ($135.33). The value of SOL stays under the 200-day SMA ($183.48), a stage that continues to outline the longer-term bearish development.
In the meantime, the Relative Energy Index (RSI) is hovering round 51, indicating a impartial however enhancing momentum because the indicator climbs away from its November lows. This displays early indicators of a possible shift, although consumers proceed to face resistance.
On the momentum facet, the Transferring Common Convergence Divergence (MACD) exhibits a light bullish crossover, because the blue MACD line has crossed above the orange sign line.
SOL Value Prediction
Based mostly on the present chart construction, the SOL worth is consolidating close to the convergence of the 50-day SMA and the higher boundary of the falling channel.
If SOL decisively breaks above the channel resistance round $147, a aid rally towards the mid-range construction at $178 turns into seemingly. A stronger bullish continuation might open the trail towards the 200-day SMA area round $183, a serious hurdle that may decide whether or not a whole development reversal is feasible.
Nevertheless, if the Solana worth fails to take care of momentum and slips again under the $126 assist space, bearish stress could return. A breakdown under this stage might ship Solana to the $115 assist space.
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