Solana’s dominance over Ethereum seems to have hit a wall. The SOL/ETH ratio has broken a key trendline, signaling a shift in momentum in favor of Ethereum (ETH). Meanwhile, XRP is also showing signs of weakness after a brief bullish rally.
Ethereum Regains Strength Against Solana
For the past 18 months, Solana (SOL) has steadily outperformed Ethereum. However, the trend appears to be reversing.
The SOL/ETH ratio has broken below an upward sloping trendline connecting major lows from September 2023, June 2024, and December 2024.
According to TradingView data, this break below trendline support indicates that Ethereum may outperform Solana in the coming weeks.
Additionally, the MACD histogram on the weekly chart is flashing red, pointing to growing downside momentum for Solana relative to Ethereum.
Immediate support lies near 0.055 (February 25 low) — a break below this level could accelerate ETH dominance.
To revive the bullish case, SOL/ETH must climb back above the Ichimoku Cloud, which currently acts as dynamic resistance.
XRP Fails to Sustain Recovery
XRP, known for its focus on cross-border payments, has also entered a corrective phase.
After rebounding from early April lows near $1.60, XRP was moving in a bullish ascending channel. But that trend has now broken.
XRP has fallen out of its upward channel, with immediate support resting at $2.00, a key level held multiple times earlier in 2025.
If buyers fail to defend $2, a deeper pullback toward $1.60 is likely, erasing most of the recent gains.
Market Implications
These developments come as traders reassess relative strength among major altcoins amid a shifting macro and regulatory environment.
Solana’s losing momentum suggests Ethereum is regaining institutional confidence, especially with the rise of Layer 2 networks and ETF speculation.
XRP’s weakness may reflect investor caution as legal and regulatory uncertainty lingers, despite strong use cases in payments.
Conclusion
The end of Solana’s bull run against ETH and XRP’s trend breakdown signals caution for altcoin investors. Ethereum is likely to remain a relative outperformer in the near-term, while XRP could see more downside unless key support levels hold.