POL (Polygon), XRP (Ripple) and SOL (Solana): price analysis

POL (Polygon), XRP (Ripple) and SOL (Solana): price analysis
Although the crypto markets are going through a period of apparent lateralization, despite remaining a bit volatile, not all cryptocurrencies are performing in the same way. 

Bitcoin and Ethereum are still the two main points of reference, dictating the general trend, but not all cryptos follow suit by slavishly replicating that trend.

Today, we analyze the price performances of POL (Polygon), XRP (Ripple), and SOL (Solana)

Price Analysis of Crypto XRP (Ripple), SOL (Solana), and POL (Polygon)

Let’s start with XRP, the cryptocurrency created in 2012 by the private company Ripple

Over the years, XRP has consistently shown a certain resilience in the financial markets, so it is not particularly surprising that it continues to demonstrate it. 

Of course, the electoral victory of Trump in the US presidential elections in November has completely changed the prospects for Ripple, and this fact has had consequences on the price of XRP that appear evident. 

The SEC initiated the lawsuit against Ripple at the end of 2020, when the price of XRP had risen from $0.25 to $0.62, just as the latest major bull run of the crypto markets was beginning. 

The news of the lawsuit brought it back below $0.30, and during the bull run it couldn’t go beyond $1.6, against a previous all-time high of $3.8 recorded in January 2018. 

During the subsequent bear-market, the price of XRP ended up moving sideways between $0.30 and $0.60 with some excursions above this latter threshold, but of short duration. 

Even in October 2024, it was around $0.50, perfectly within the lateralization range that had effectively lasted for two years. 

Instead, with Trump’s victory, it suddenly jumped to $2.7, which is not only well above the previous lateralization range, but especially much higher than the maximum reached during the bullrun of 2021. 

But the even more curious thing is that since December 2024, a new long period of lateralization has begun and is still ongoing. 

For now, it has not yet managed to update the historical highs, but in July it came very close, touching 3.6$. 

Practically from December to today it has almost always fluctuated between $2 and $3, with only one small and brief excursion below $2, and only two excursions above $3. 

Currently, however, it is very close to $3 ($2.95), and it does not seem at all unlikely that it could go back above, nor that it might even stay there. Furthermore, the all-time high of 2018 could eventually be surpassed. 

“`html