Israel-Iran Tension Hits Bitcoin and Altcoins! However, the Analyst Said "Interest in XRP and This Altcoin Continues", Revealed Price Predictions!

Bitcoin (BTC) and the cryptocurrency market were negatively affected by the tensions between Israel and Iran.

At this point, the cryptocurrency markets have experienced sharp declines as investors reacted to the renewed military activity in the Middle East and Israel's airstrikes against Iran leading to a broader risk aversion.

Before Bitcoin rebounded to the level of 104,600 dollars, it fell to the level of 103 thousand dollars, while significant declines were also experienced in Ethereum and altcoins.

ETH experienced a decline of %8.8 in the last 24 hours while XRP fell by %5, and Solana (SOL) saw a %9 decrease.

However, an analyst stated that despite the declines and increasing geopolitical tensions, XRP and Solana are still seeing positive impacts from institutional narratives and continue to attract institutional interest.

Speaking to Coindesk, Bitget Research Chief Analyst Ryan Lee noted that XRP is attracting attention due to its growing share in institutional treasuries.

At this point, Ryan Lee stated that Chinese companies such as Webus International (300 million dollars), VivoPower (121 million dollars), Wellgistics (50 million dollars), and Trident (500 million dollars) have created buying pressure for XRP, approaching a total value of 1 billion dollars.

"The increase in corporate XRP treasuries is a sign that corporations are adopting XRP more due to its low-cost, high-speed payment capabilities."

At this point, Lee stated that the legal clarity around XRP and ETF speculations could push XRP up to 5 dollars by mid-2025. However, Lee added that the risks of a decline for XRP also persist.

Solana (SOL) Interest Continues!

Ryan Lee, who also indicated Solana predictions, stated that institutional interest in Solana remains strong. According to the analyst, SOL is benefiting from solid network fundamentals and ETF demand, and the data points to further gains.

Lee stated that Solana rose to about 165 dollars, supported by over 1.2 billion dollars in Q1 application revenue and increasing open interest in the futures markets.

This also indicates renewed trust among both retail and institutional players for Solana.

At this point, the analyst stated that if the current momentum in Solana continues, the SOL price could rise to the range of 200-250 dollars and even exceed 300 dollars.

*It is not investment advice.

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