- Crypto markets rebounded after easing geopolitical fears helped traders return to risk assets.
- ONDO led major altcoins with a 10% surge as institutional RWA adoption continued growing.
- XRP and Solana stabilized near key support zones, though both still face important resistance overhead.
Crypto markets pushed higher on May 24 after President Donald Trump said an agreement with Iran had been “largely negotiated,” easing some of the tension surrounding a possible wider Middle East conflict. That shift in sentiment gave risk assets room to breathe again, and traders wasted little time jumping back into crypto positions. The total crypto market cap climbed close to 2%, reaching roughly $2.56 trillion, while Bitcoin bounced back toward the $77,000 level after days of shaky price action.
Altcoins also joined the recovery move. XRP price gained nearly 2% during the session, Solana added around 2.5%, while ONDO completely stole the spotlight with a surge of more than 10%. Layer 1 tokens broadly outperformed the rest of the market after the sector posted a 1.82% gain, helping inject fresh momentum into several major cryptocurrencies. It wasn’t a full-blown breakout across the board, but traders clearly looked more comfortable taking on risk again.
XRP Price Stabilizes Near Key Support
XRP traded around $1.35 after buyers managed to defend the $1.32 support region during the last few trading sessions. Looking at the chart, the price seems to be calming down after several failed attempts to recover earlier this month. Buyers slowly pushed XRP back toward the middle of its recent trading range, though the market still looks cautious.
Resistance remains heavy around the $1.38 to $1.40 area. Previous rallies struggled badly there, which allowed sellers to stay active near those levels. Now XRP sits in a pretty important short-term zone where traders are waiting to see if buyers finally have enough strength to break higher, or if another rejection is coming. Honestly, it feels a bit like a coin flip right now.
Momentum indicators show conditions improving compared to the weak stretch seen earlier in May. RSI sits at 49.05, putting XRP in neutral territory after spending days under selling pressure. The Ultimate Oscillator also moved back to 50.23, signaling more balanced momentum conditions overall. Short-term signals look slightly stronger too, with STOCH climbing to 75.23 as buyers become more aggressive during this bounce.
Still, not everything has fully flipped bullish yet. MACD remains negative at -0.0087, while the histogram reading of -6.3629 confirms bearish pressure hasn’t fully disappeared. So yes, buyers are fighting back, but sellers haven’t exactly left the room either.
What’s Supporting XRP Right Now?
One major catalyst came from SWIFT, which acknowledged Ripple and XRP as a possible alternative to the old nostro/vostro banking model during the Sibos conference on May 23. The discussion focused heavily on faster cross-border settlements and reducing reliance on middlemen in global payments. That matters because Ripple keeps positioning itself directly inside institutional payment infrastructure, not just retail crypto hype.
Institutional demand also held up surprisingly well despite broader market volatility. Spot XRP ETFs pulled in around $12.57 million in inflows for the week ending May 23, outperforming both Bitcoin and Ethereum ETFs during the same stretch. Earlier this month, Ripple Prime also secured a $200 million debt agreement with Neuberger to expand its brokerage and institutional lending operations.
Regulation has quietly become another positive factor. Earlier this year, both the SEC and CFTC reportedly agreed XRP should be classified as a digital commodity rather than a security. That clarity removed a massive cloud hanging over the asset for years. Traders are now closely watching the Digital Asset Market CLARITY Act, which still awaits a Senate Banking Committee vote.
For the bullish case to strengthen, XRP needs a clean break above the $1.38 resistance zone. If buyers manage that, the next upside target likely sits around $1.42. On the downside, losing the $1.32 support again could open the door toward another drop near $1.30.
ONDO Price Explodes Higher As Buyers Take Control
ONDO turned into one of the strongest performers in the market after rallying more than 10% during today’s session. Price action shows buyers regaining firm control after weeks of consolidation around the $0.38 region. The latest push carried ONDO toward $0.4315 as bullish momentum accelerated pretty aggressively throughout the day.
The token also bounced sharply from weakness seen in mid-May, where buyers defended support near $0.34 before launching this latest recovery move. Compared to many other major altcoins, ONDO now appears to be trading inside a much cleaner short-term uptrend. Momentum has shifted fast here, and traders definitely noticed.
Technical indicators continue favoring buyers. RSI climbed to 62.89, showing stronger upward momentum without entering extreme overbought territory. The Ultimate Oscillator reached 57.96, supporting the idea that buying pressure remains healthy across multiple timeframes. Short-term indicators also remain constructive, with STOCH sitting at 59.73 as buyers maintain control after the breakout.
MACD turned positive at 0.00970, while the histogram jumped to 38.74602, confirming strong bullish momentum behind ONDO’s latest rally. Compared to XRP and even Solana, ONDO currently looks like one of the cleaner bullish setups in the market, though volatility can still get wild pretty quickly.
Why ONDO Keeps Gaining Momentum
The broader tokenized real-world asset market has expanded to roughly $31.4 billion this year, and Ondo Finance controls nearly 70% of the tokenized ETF and equities segment. Its USDY product alone now manages about $2.14 billion in assets, strengthening Ondo’s role within institutional blockchain finance. That growth continues feeding positive sentiment around the ONDO price.
Institutional partnerships also keep stacking up. Franklin Templeton recently partnered with Ondo to bring five ETFs onchain, which boosted confidence in Ondo’s infrastructure and long-term utility. There was some uncertainty this week after the SEC delayed its tokenized securities exemption proposal due to concerns around synthetic assets and shareholder protections, but so far the market reaction has remained relatively calm.
For the bullish trend to continue, buyers need to hold ONDO above the $0.43 region. If momentum keeps building, price could move toward the next resistance zone near $0.46. On the flip side, a breakdown below $0.40 could trigger another move back toward $0.38 support.
Solana Holds Firm As Buyers Defend Higher Lows
Solana traded near $86 after recovering from recent downside pressure across the broader crypto market. Looking at the chart, buyers stepped back in around the $82 support zone and helped push SOL back toward a key resistance region between $88 and $90. It’s not exactly a breakout yet, but the recovery does show buyers are still defending higher lows.
Over the last few weeks, Solana mostly drifted sideways after failing to maintain the rally that previously pushed it close to $98. Even during pullbacks, buyers repeatedly defended support zones every time the market dipped lower. That pattern helped preserve the broader sideways recovery structure, even if momentum slowed down a bit.
Momentum indicators now lean slightly bullish. RSI sits at 53.01, placing Solana inside neutral-to-bullish territory, while the Ultimate Oscillator at 50.35 points toward stable momentum conditions overall. Short-term indicators look a little stronger, with STOCH climbing to 76.16 as buying activity increased during the latest rebound.
Still, there are some mixed signals under the surface. MACD remains negative at -0.29, while the histogram still shows -5.94, suggesting bearish pressure hasn’t completely faded away yet. Buyers have improved the structure, though they probably still need a stronger breakout before confidence really returns.
Catalysts Supporting Solana Price
Spot Solana ETFs have accumulated roughly $1.45 billion in net inflows since launching back in October 2025. Large firms including Goldman Sachs and Electric Capital also expanded exposure to Solana-related products over recent months. At the same time, tokenized real-world assets on Solana climbed to around $873.3 million earlier this year, showing growing institutional activity on the network.
Another major catalyst remains the proposed Alpenglow upgrade. The proposal aims to reduce block finality speeds down to roughly 100–150 milliseconds, significantly faster than Solana’s current settlement performance. Meanwhile, competition between launchpads like PUMP and LetsBONK has continued driving heavy trading activity and user engagement across the ecosystem.
For Solana to fully regain bullish momentum, buyers likely need a breakout above the $90 resistance zone. If that happens, SOL could rally toward $94 next. However, if price falls below the $82 support region, traders may start targeting another decline toward $78 instead.
