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Solana and Ripple jump 10% on Bitcoin rally, XRP may rise further if Fed rate outlook improves

Market News
20 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Solana (SOL) and Ripple (XRP) surged about 10% on August 19, driven by a Bitcoin-led market rally and a short squeeze triggered by U.S. Treasury bond market moves. SOL reclaimed its 200-day moving average and hit a 3-month high, signaling bullish momentum if it breaks above $88 and $100 levels. XRP, though still below its 200-day moving average, has room to rise about 17.5% if it holds above $1.00 support and the Federal Reserve's rate cut expectations remain favorable. The next key catalyst is upcoming U.S. inflation data (PCE), which could influence crypto market direction.

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