Crypto Surge: Solana and XRP Outperform, Bitcoin Hits $118K

Solana tops $246, XRP rallies above $3.10 as Bitcoin reaches $118K and Ethereum hits $4.6K with volumes up, driven by Fed optimism and ETF inflows.

Solana and XRP Lead Crypto Gains as Bitcoin Hits $118K — September 18, 2025, 9:25 AM IST

Thursday’s session sees Solana and XRP breaking out on strong volumes, while Bitcoin and Ethereum rally on renewed macro optimism and continued ETF inflows:

  • Bitcoin (BTC) rises 1.04% to US$118,000, with volume spiking 25.2% to US$937.85M. The funding rate is flat (0%), as spot and ETF flows power gains to fresh multi-month highs.
  • Ethereum (ETH) climbs 2.54% to US$4,600 as volume grows 52.5% to US$841.27M. Funding rate (0.02%) reflects broad-based demand from institutions and retail buyers.
  • Solana (SOL) jumps 5.06% to US$246.61, with volume up 17.83% to US$378M. Funding at 0.41% signals bullish speculation and institutional accumulation, as analysts mark resistance at $246 and see upside targets at $253 and $270.
  • XRP surges 2.89% to US$3.106, with volume climbing 51.3% to US$257.02M. Funding holds at 0.32%, showing growing trader conviction for further gains after clearing key $3 resistance. Support now sits at $3.00–$3.06, with $3.12–$3.15 flagged as next rally levels.

Market Insights

  • Fed rate cut optimism and new crypto ETF flows are powering both institutional and retail participation, with Solana and XRP as top performers for the day.
  • Analysts predict further gains if current momentum and liquidity persist, especially for Solana if it breaks and holds above $246.

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