Solana price outlook: bears test $90 amid massive liquidations

  • Solana dropped to $90 amid massive liquidations across the crypto market.
  • Bitcoin and Ethereum fell to under $73,000 and $2,150.
  • Standard Chartered forecasts SOL rally to $250 in 2026 and $2,000 by 2030.

Cryptocurrencies are bearish, and Solana’s price has experienced one of the sharpest declines among top altcoins.

In the past 24 hours, the cryptocurrency has dropped nearly 10% to under $91, with many traders caught off guard amid heightened market volatility.

As can be seen in the crypto heat map below, Solana’s plunge aligns with broader market pressure. Billions of dollars in leveraged positions have been wiped out in the past week as the sector faces massive unwinding.

Crypto Heat Map
Solana among cryptocurrencies in red. Source: Coin360

Price dips 10% amid crypto liquidations

With market sentiment in shambles for much of 2026, it is no surprise that Bitcoin tanked to its multi-month lows of $72,800.

BTC and ETH’s latest dips mean Michael Saylor’s Strategy and Tom Lee’s BitMine currently sit on billions of dollars in unrealized losses.

Digital asset treasury companies that flocked to Solana, BNB, Cardano, and others have similar trajectories.

For Solana, the coin’s price under the psychological level of $100 has strengthened this. Sellers sustained this negative trend with another 10% push over the past 24 hours, hitting lows of $90.60.

Onchain perpetual markets on Solana contributed significantly, with over $70 million in liquidations from Solana-based platforms in the past 24 hours.

During the downturn, over $65 million of these were longs.

The surge in forced selling exacerbated the decline, with high leverage amplifying losses for over 15,900 bullish traders.

The liquidations reflect the rapid deleveraging that has also wiped billions of bullish bets from Bitcoin and Ethereum.

Solana price prediction

The SOL dip is part of a broader market correction, but there’s a potential for recovery if bulls hold $90.

However, liquidity contractions and liquidation overhangs, such as the $800 million in total liquidations in the past 24 hours, suggest a possible down leg as excess leverage clears.

The technical picture also has Solana trading below its 50-day moving average around $132, which adds to the bearish outlook of the RSI and MACD.

Solana Price Chart
Solana price chart by TradingView

SOL could drop to $70 if markets continue to struggle.

Despite the overall bearish picture, Standard Chartered has pointed out a bullish forecast for SOL.

According to the bank, SOL could reach $2,000 by 2030 but has cut its 2026 forecast to from about $310 to $250.

Catalysts include the macro picture and capital flows, as well as a fresh explosion in rotation from memecoins to top altcoins. Stablecoin adoption is another factor in the bank’s outlook.

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XRP price risks drop below $1.50 amid crypto market crash

  • Ripple’s XRP dropped nearly 5% in 24 hours and 20% in the past week.
  • Bitcoin’s dip to $72,900 saw XRP come close to breaking below $1.50.
  • XRP saw over $19 million in ETF inflows on February 3, 2026.

XRP has fallen sharply, shedding about 20% over the past week to trade near the critical $1.50 level.

The Ripple cryptocurrency, which has declined by about 5% over the past 24 hours amid a broader crypto market downturn, risks dipping below a key level despite witnessing a fresh uptick in exchange-traded fund inflows.

Overall bearish pressure has led the cryptocurrency market cap to drop to $2.66 trillion, with the crash on “Black Sunday II” having plummeted Bitcoin to under $73,000 on Wednesday.

Meanwhile, top altcoins such as Ethereum, BNB, and Solana have also sold off significantly.

ETH, SOL and BNB dropped to $2,100, $91 and $727 respectively on Wednesday.

Key triggers include President Trump’s tariff threats, panic sell-offs amid  a risk asset dip, and negative reaction to Federal Reserve policy fears and the recent nomination of Kevin Warsh as the next Fed chair.

Institutional ETF inflows have failed to stem the downside action.

XRP price slips towards $1.50

XRP’s slide to near $1.53 across major exchanges amid risk-off sentiment means that another slip could push prices lower.

Data shows Ripple futures open interest currently averages $2.53 billion, and aligns with the shrinking retail demand and trader caution.

Per CoinGlass data, OI has shrunk from over $8.3 billion on October 10, when a bloodbath pushed XRP price from above $2.80 to under $2.30.

Sellers have since seen prices hit lows under $1.55, with the downside accelerating since January 6, 2026, when prices retested the $2.30 level.

A dip in OI points to a sustained decline in retail interest, which has previously impacted bulls.

The trend holds despite digital asset investment products, including spot XRP ETFs, seeing notable cumulative inflows over the past week.

Spot XRP ETFs also attracted net inflows on Tuesday, with about $19.4 million in net inflows.

What’s next for the Ripple (XRP) price?

Bitcoin’s drop to $72.8,000 exacerbates the bearish outlook, despite the swift bounce as investors reacted to developments that prevented a US government shutdown. However, bears are still in control.

XRP Price Chart
XRP price chart by TradingView

XRP has lost over 33% in the past month, hitting $1.53 on February 4 and extending declines from January highs around $2.35.

Analysts say $1.53-$1.50 is a potential key reload zone, but buyers must absorb the likely pressure.

Bearish risks persist amid macro caution, and another leg down might potentially see sellers test lows of $1.25. However, the upside amid a bullish divergence has $1.59 as a key pivot towards $2.00.

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