XRP, SOL, ADA on Track To Be July’s Hottest Picks After SEC Approves Grayscale ETF Proposal

Key Takeaways

• The SEC’s approval of Grayscale’s ETF conversion could fuel XRP’s breakout from a falling wedge.
• Cardano’s forming a falling wedge and rising CMF suggest a potential rally to $0.77 in July 2025.
• Solana’s price is in a symmetrical triangle, and its position above key EMAs signals a potential breakout.

July has started with a bullish spark for the crypto market, as the U.S. SEC officially approved Grayscale’s long-anticipated ETF proposal.

Despite recent sideways price movement, the July 2 decision marks a pivotal regulatory milestone.

It grants Grayscale the green light to convert its Digital Large Cap Fund — comprising Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) — into a fully-fledged exchange-traded fund (ETF).

As a result, XRP, SOL, and ADA have emerged as top contenders for performing well this month. However, this performance also depends on market sentiment and the position of several indicators.

In this July 2025 edition of our crypto predictions, we reveal what could happen to the prices of these altcoins.

XRP

For most of June, XRP’s price consolidated, but held its ground above $2. However, for July 2025 crypto predictions, the altcoin might experience a considerable change, especially with the SEC greenlight of converting the Grayscale large-cap fund to an ETF.

This development also seems to have increased the chances of a potential XRP spot ETF in the third quarter (Q3).

“The Commission therefore finds that the Proposal, as with other ETPs that the Commission has approved is reasonably designed to promote fair disclosure of information that may be necessary to price the Shares appropriately, to prevent trading when a reasonable degree of transparency cannot be assured, to safeguard material non-public information relating to the Fund’s portfolio, and to ensure fair and orderly markets for the Shares,” The SEC stated .

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From a technical point of view, the 4-hour chart shows that XRP is breaking out of a falling wedge. While the rise above the upper trendline still looks early, other indicators support an extended rally.

For instance, the Chaikin Money Flow (CMF) has risen above the zero signal line. This rise indicates that accumulation outpaces distribution of the altcoin.

If sustained, XRP’s price might break the resistance at $2.71. In addition, the Awesome Oscillator (AO) has switched to the positive region, indicating rising bullish momentum.

Should this setup improve as July advances, XRP might break toward $3.40.

However, if demand for the token drops despite the ETF acknowledgment, XRP could slide to $1.60 near the 0.618 golden ratio in such a scenario.

Solana (SOL)

The daily chart shows Solana’s price action in a symmetrical triangle. However, looking closely at the chart, it is evident that SOL wants to break above the pattern’s upper trendline.

This setup indicates that the altcoin wants to exit its consolidation phase and break higher. Solana’s price has also exceeded the key Exponential Moving Averages (EMAs).

As seen below, SOL is now above them after sliding below the 20 EMA (blue) and 50 EMA (yellow) earlier. This change suggests that the altcoin is likely to negate a correction in the short term.

With the 20 and 50 EMAs as support, SOL might rise above the upper trendline and hit $171.41. If successful, the cryptocurrency’s next target could be $218.63 before July 2025 ends.

On the contrary, if SOL declines below the EMAs again, it could drop below the lower trendline of the symmetrical triangle. If that were to happen, this forecast might not pass, and the price might fall to $137.80.

Cardano (ADA)

Cardano’s technical setup on the daily chart appears similar to that of XRP. As seen below, the ADA’s price has formed a falling wedge.

However, the Chaikin Money Flow (CMF) has turned upwards and is on the verge of rising above the zero signal line. But for this to happen, the volume around the altcoin has to increase.

If that happens, the Cardano price might retest the resistance at $0.68. If buying pressure increases at this level, ADA might rally to $0.77 in July.

On the other hand, this prediction might be invalidated if the CMF fails to rise above the zero line. If that is the case, ADA might slide toward $0.45.