Solana failed to stay above $144 and corrected gains. SOL price is now trading 
below $140 and might find bids near the $135 zone. SOL price started a 
downside correction below $140 against the US Dollar. The price is now trading 
above $135 and the 100-hourly simple moving average. There was a break below a 
bullish trend line with support at $144 on the hourly chart of the SOL/USD 
pair (data source from Kraken). The pair could extend losses if it dips below 
the $135 zone. Solana Price Starts Downside Correction Solana price failed to 
surpass $148 and started a downside correction, beating Bitcoin and Ethereum. 
SOL dipped below $145 and $144 to enter a short-term bearish zone. There was a 
move below the 23.6% Fib retracement level of the upward wave from the $123 
swing low to the $147 high. Besides, there was a break below a bullish trend 
line with support at $144 on the hourly chart of the SOL/USD pair. Solana is 
now trading above $135 and the 100-hourly simple moving average. On the 
upside, the price is facing resistance near the $142 level. The next major 
resistance is near the $145 level. The main resistance could be $148. A 
successful close above the $148 resistance zone could set the pace for another 
steady increase. The next key resistance is $155. Any more gains might send 
the price toward the $165 level. More Losses In SOL? If SOL fails to rise 
above the $145 resistance, it could start another decline. Initial support on 
the downside is near the $135 zone and the 50% Fib retracement level of the 
upward wave from the $123 swing low to the $147 high. The first major support 
is near the $132 level. A break below the $132 level might send the price 
toward the $128 support zone. If there is a close below the $128 support, the 
price could decline toward the $122 support in the near term. Technical 
Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish 
zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is 
below the 50 level. Major Support Levels – $135 and $132. Major Resistance 
Levels – $142 and $148.

Solana (SOL) Starts to Retreat From Highs as Momentum Shows Early Fatigue

As institutional demand intensifies and the crypto market recovers, US spot 
XRP Exchange-Traded Funds (ETFs) continue to lead the sector with a 13-day 
streak and over $200 million in positive net flows this week, outshining 
Solana (SOL) ETFs, which recorded their third day of outflows in seven days. 
Related Reading: Bitcoin (BTC) Price In A ‘Vulnerable Technical Environment’ – 
Key Levels To Watch XRP Funds Lead Crypto ETF Inflows Spot XRP exchange-traded 
funds have extended their record-breaking streak after registering their 
thirteenth consecutive day of positive net flows, with $50.27 million in 
inflows on December 3. The investment products have seen a remarkable 
performance since the launch of Canary Capital’s XRPC, the first single-token 
XRP spot ETF, on November 13, positioning the funds as the fastest-growing 
altcoin-based category. Notably, XRPC surpassed all initial expectations and 
debuted on Nasdaq with a total volume of $58 million, recording around $357.54 
million in positive net flows in 13 days. Last week, the second group of XRP 
funds went live, becoming the largest US ETF launches of 2025 with over $60 
million in net inflows each during their first day. Moreover, the category, 
led by Grayscale’s GXRP and Franklin Templeton’s XRPZ, surpassed other major 
ETFs in single-day inflows, including those based on the largest 
cryptocurrencies by market capitalization, Solana, Bitcoin (BTC), and Ether 
(ETH). Amid this week’s market recovery, XRP ETFs saw $89.65 million on 
Monday, $67.7 million the following day, and an additional $50.27 million on 
Wednesday, for a cumulative net inflow of $207.66 million during the first 
three days of December. As a result, the leading category surpassed both 
Bitcoin ETFs’ $52.4 million and Ethereum ETFs’ $51.3 million positive net 
flows, respectively, during the same three-day period. With a total of $874.28 
million in inflows in 13 days, spot XRP ETFs have surpassed the $618.62 
million total inflows of SOL ETFs, which held the record among the second wave 
of altcoin-based investment products. Solana ETFs Demand Loses Steam While XRP 
ETFs take the spotlight, Solana funds’ momentum has slowed, seeing their 
largest days of outflows this week. According to SoSovalue data, the 
investment products recorded $32.9 million in outflows on December 3, marking 
their third negative net flows day since the category debuted on October 28. 
Despite pulling out positive net flows, Bitwise’s BSOL, Fidelity’s FSOL, and 
Grayscale’s GSOL were unable to absorb 21Shares’ TSOL $41.8 million in 
outflows. This performance also marks the fourth negative day for TSOL over 
the past week. As reported by NewsBTC, Solana ETFs experienced a record 
performance in November despite the market correction, with $613 million in 
inflows during their 22 consecutive day positive streak. Related Reading: 
Solana Eyes Major Resistance After $140 Reclaim, But Analyst Questions SOL’s 
Strength However, the remarkable streak ended a week ago when TSOL registered 
negative net flows for the first time, and the category was unable to absorb 
them, recording outflows of $8.1 million. SOL-based investment products 
started December with outflows worth $13.5 million, which were followed by 
strong inflows worth $45.77 million on Tuesday. On December 3, the funds 
registered $32.19 million in outflows, amounting to a negative net flow of 
$700,000 for the first half of the week, despite the altcoin’s recent price 
recovery. Featured Image from Unsplash.com, Chart from TradingView.com

XRP ETFs Record 13-Day Streak As SOL Funds See Largest Outflows Since Launch

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hundreds of millions in illicit flows, marking a major blow to criminal 
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