XRP, ETH, & SOL Poised To Rally Amid Crypto Investors’ Growing Confidence

Crypto investors are currently demonstrating confidence in Ripple’s XRP, Ethereum (ETH), and Solana (SOL), some of the biggest altcoins.

The renewed investor confidence is indicated by the massive withdrawal of these cryptocurrencies from the Binance exchange.

Importantly, the prices of XRP, ETH, and SOL have increased significantly on the daily chart.

The Altcoin Demand Shift on Binance

Onchain data analytics provider CryptoQuant reveals a spike in wallets accumulating XRP, ETH, and SOL on Binance.

Holders of these altcoins are moving their assets out of exchanges, which is typically a strong bullish indicator.

This behavior also suggests investors hold assets long-term rather than selling, a sign of confidence in the altcoins.

The accelerated ETH withdrawal from Binance is quite interesting amid the volatility in recent months.

Holders of the coin remain eager to accumulate more, reducing Binance’s reserves and reinforcing the potential for future price appreciation.

Regarding XRP, the price has exhibited a positive trend with the rise in market activity and technical patterns.

In the past few weeks, the price of XRP has risen from just above $2 to almost $2.60. As of this writing, ETH traded at $2,478, up slightly by 0.48% in the past 24 hours.

CryptoQuant data recently showed that XRP Open Interest (OI) on Binance increased to over $730 million.

This rebounded from the previous levels, as OI had shrunk to $530 million after hitting $1.5 billion.

A spike in open interest indicates traders are coming back to the market, possibly expecting to trade in future volatility.

Over the past few weeks, the open interest saw wide fluctuations, impacting all the altcoins being profiled.

Ethereum Price Faces Overheated Trends

The rising investor confidence in Ethereum is accompanied by signs of overheating, indicating a short market correction before a potential rally.

CryptoQuant analyst Shayan posted a bubble chart illustrating total trading volume across all exchanges.

According to the analyst, Ethereum has approached the critical $2,500 resistance level, leading to an overheating state characterized by an increase in trading volume.

According to analyst, profit-taking activity and resting supply at the psychological level of $2,500 were primarily driving the spike.

Shayan added that the overheated condition indicates a likely short-term correction as the market cools.

The analyst expects Ethereum to continue its consolidation phase until fresh demand emerges, driving a breakout above this resistance range in the mid-term.

Expectations for Altcoin Season in the Crypto Market

Anticipations are high about the emergence of the altcoin season. Earlier this month, the altcoin crypto market cap increased to above $700 billion, signaling sustained investor confidence in the sector.

Popular onchain crypto analyst Michaël van de Poppe identified the $600 billion to $700 billion range as essential for altcoin stability.

His chart analysis pointed to this range as a foundational level at which investors may seek opportunities for accumulation.

After a consistent decline throughout 2025, the Altcoin Season Index showed the initial hints of a trend turnaround, starting in May 2025.

Investors perceive these developments as early indicators of transitioning from a Bitcoin-dominant cycle to a broader altcoin-driven phase.

This observation is further supported by Volume data, which showed increased activity during market pullbacks and near key structural levels.

Also, the majority of altcoins have unique fundamentals that may fuel optimism and push prices up in the long term.

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