HOW HIGH SOLANA CAN RALLY IN DECEMBER, AND CAN SOL BEAT XRP?

HOW HIGH SOLANA CAN RALLY IN DECEMBER, AND CAN SOL BEAT XRP?
HOW HIGH SOLANA CAN RALLY IN DECEMBER, AND CAN SOL BEAT XRP?

HOW HIGH SOLANA CAN RALLY IN DECEMBER, AND CAN SOL BEAT XRP?

Solana (SOL) has been consolidating after reaching an all-time high of $264.39 on November 22.

The price slipped 15% from this peak, but remains steady above the $215 support level.

Despite consolidation, Solana’s open interest remains above average, indicating continued bullish sentiment.

Funding rates suggest that derivatives traders are optimistic about SOL’s future price movement.

To surpass Ripple (XRP) as the second-largest altcoin, Solana would need to add $30 billion to its market capitalization.

The narrative of SOL flipping XRP is gaining momentum in the current market cycle.

While Solana's price holds steady, trading volume has declined to more average levels.