These 2 altcoins can still create a big wave even though BlackRock refuses to launch the ETF.

This week, the crypto market has been forced to face a clear reality: BlackRock – the global financial giant – confirmed that there are no plans to launch an ETF for XRP or Solana, according to a statement from The ETF Store president, Nate Geraci.

"BlackRock quickly spoke out, bluntly denying. They assert that there are currently no plans for the launch of a spot ETF for XRP ( or Solana). Personally, I believe this will be a decision they will regret in the future. We will soon see the results."

This immediately dampens the expectations of a new wave of institutional capital flows, which had excited the cryptocurrency community for some time. However, it is noteworthy that even though the catalyst from the ETF has not materialized, both XRP and Solana are still showing strong potential for breakout on both technical charts and order book data.

XRP: Disappointing ETF news, but the technical trend remains strong

Information about BlackRock's intention not to launch a spot XRP ETF has caused the odds for this fund to drop to 76% on Polymarket as of the time of writing, down significantly from the over 98% recorded in early June. However, Bloomberg's senior ETF analyst, Eric Balchunas, still maintains that the odds of this fund being approved this year are 95%.

Source: Polymarket### Positive technical structure

On the daily timeframe, XRP maintains a stable bullish structure. The short and medium-term EMA continues to slope upwards, indicating that the accumulation trend is actively occurring instead of being dominated by profit-taking actions.

The composite signal indicates that the current uptrend is healthy, supported by buying inflows as prices adjust.

Below are the important technical levels that investors need to pay attention to:

Analyze XRP order book

| Price | Type | Volume | Potential Impact | | $3.31 | Bid | 124,308 units (≈411.907 USDT) | Decrease ~0.44% if breached | | $3.05 | Bid | 123,186 units (≈407.168 USDT) | Decrease ~0.69% if breached | | $3.28 | Bid | 103,904 units (≈341.781 USDT) | Decrease ~1.16% if breached | | $3.35 | Ask | 247,807 units ( ≈ 830.154 USDT ) | Increase ~0.66% if absorbed | | $3.4 | Ask | 949.505 units (≈3,228,316 USDT) | Increase ~2.16% if absorbed | | $3.42 | Ask | 137,548 units ( ≈ 470.415 USDT ) | Increase ~2.76% if absorbed |

Proposed trading strategy

XRP price chart | Source: TradingView## Solana: Maintains bullish structure without the need for ETF

Stable technical signal

Despite the lack of positive news from BlackRock, the Solana chart (SOL) still maintains its bullish status.

Below are the important technical levels that investors need to pay attention to:

Order Book Analysis Solana

| Price | Type | Volume | Potential Impact | | $177.6 | Bid | 2.607 units ( ≈ 463.065 USDT ) | Decrease ~1.92% if breached | | $173 | Bid | 3.696 units (≈639.328 USDT) | Decrease ~4.46% if breached | | $172.8 | Bid | 2.599 units (≈449.229 USDT) | Decrease ~4.53% if breached | | $182 | Ask | 7.279 units (≈1,324,781 USDT) | Increase ~0.51% if absorbed | | $185 | Ask | 9.584 units (≈1,773,090 USDT) | Increase ~2.16% if absorbed | | $190 | Ask | 9.707 units (≈1,844,283 USDT) | Increase ~4.93% if absorbed |

Proposed trading strategy

SOL Price Chart | Source: TradingViewBlackRock's refusal to expand the ETF to XRP and Solana has certainly been disappointing, but that does not mean the end of the bullish wave. Both coins are in a positive technical zone, reinforced by strong support areas and an order book tilted towards buyers.

In the context of altcoins seeking new catalysts amid a quiet summer, XRP and Solana remain two names to watch closely, especially as key resistance levels are gradually being tested.

Annie