“SOL still looks like one of the strongest coins in the market,” one analyst claimed.

Driven by the green wave sweeping the entire crypto market, Solana’s native token briefly pumped above $90, reaching its highest level in the past 20 days.

Currently, the asset appears to be at a crossroads, with some analysts calling for a pump above $100, while certain indicators signal an impending correction.

In the Middle of a Breakout?

According to the popular analyst Ali Martinez, SOL is undergoing a bullish breakout and seems to be escaping a symmetrical triangle to the upside. He believes that a spike in buying pressure could send the price to $92 or even $96. However, traders may need to hope for a potential push to the upper boundary, as the analyst recently argued that anything within the $77-$94 range falls into a “no-trade” zone.

Other market observers who touched upon Solana’s performance and made predictions include X users Julian and Wealthmanager. The former noted the volatility lately, but claimed that buyers remain active. They described $85 as an important support level, adding that if SOL stays above $90, it could see another move higher.

Additionally, the strategist outlined that Solana’s biggest strengths lie in its consistently high network usage, driven by strong meme coin trading activity, a large number of active users, and fast, low-cost transactions.

“Short-term moves can still be aggressive, but in the bigger picture, SOL still looks like one of the strongest coins in the market,” they concluded.

WealthManager was even more bullish, forecasting that a pump to the psychological milestone of $100 is “just a matter of time.”

Time to Cool off?

Certain technical indicators, such as Solana’s Relative Strength Index (RSI), suggest that the bears may soon retake control. The ratio recently jumped to 80 before slipping to the current 66, which is quite close to overbought territory. The index runs from 0 to 100, and conversely, anything under 30 is typically seen as a precursor of a rally.

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Next on the list is the rising amount of SOL tokens being transferred from self-custody to centralized exchanges lately. This is considered a bearish factor since it increases the immediate selling pressure.

Meanwhile, the analytics platform Lookonchain revealed that a newly created wallet opened a 20x short position on 240,000 SOL worth more than $21 million. Such an aggressive bet against the asset could weigh on sentiment, as it suggests that the person or entity may be acting on information of upcoming news or events that retail investors don’t have access to.

The pilot linked XRPL to global banking infrastructure, enabling institutions to execute cross-border transactions in a single, integrated flow.

Blockchain settlement rails are increasingly becoming intertwined with the global financial system. A group of firms recently achieved a feat that could introduce 24/7 settlements for traditional financial markets.

According to a tweet, the tokenization platform Ondo Finance, card services provider Mastercard, and JP Morgan’s blockchain platform, Kinexys, are involved in achieving the latest milestone. The companies successfully completed a pilot transaction that connected Ripple’s XRP Ledger (XRPL) with interbank settlement rails.

XRPL Linked to Interbank Settlement Rails

The pilot linked XRPL to global banking infrastructure, enabling institutions to execute cross-border transactions in a single, integrated flow. The assets used for the project were tokenized U.S. Treasury bills. The feat marked the first time tokenized Treasuries were settled across borders in near real time, outside traditional banking hours.

The process entailed Ondo processing Ripple’s redemption of the Ondo Short-Term U.S. Government Treasuries (OUSG) first. Mastercard routed instructions to Kinexys through its multi-token network, while JP Morgan delivered USD to Ripple’s Singapore bank account.

Completed in under five seconds, rather than the usual one to three business days, the pilot transaction highlighted a hybrid model in which XRPL handled the asset token movement while traditional banking rails facilitated fiat settlement.

“Tokenized assets are no longer separate from the global financial system. For the first time, a public blockchain and global banking infrastructure settled a cross-border transaction of a tokenized fund together in real time. Together, we’re laying the groundwork for 24/7 global markets that never close,” Ondo Finance stated.

The Rise of Tokenization on Wall Street

With Treasuries moving like crypto on settlement rails that do not have closing hours, the $30 trillion U.S. Treasury market could be opened to a new wave of investors. Multiple financial institutions, including Wall Street’s biggest firms, are already scrambling to get on this bandwagon.

Besides Treasuries, these institutions are also attempting to tokenize bonds and deposits. A few days ago, the Depository Trust & Clearing Corporation (DTCC) announced plans to launch a new tokenization service for bonds and Treasuries in October.

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Meanwhile, the tokenized stocks sector has witnessed massive growth over the past year. In fact, the market cap of the tokenized real-world assets (RWAs) sector as a whole more than tripled from $5.42 billion to $19.32 billion in the last 15 months ending March 2026. The sector grew so well that it outperformed stablecoins.