$SOL trades at $88.15 on April 17, down 1%, as price presses into a key resistance cluster at $88.56 where the upper Bollinger Band meets a descending trendline. The move comes as wXRP brings over $100M in fresh liquidity to Solana, while derivatives activity picks up sharply around this level.
$SOL Daily Chart: Upper Bollinger Band At $88.56 Meets The Descending Trendline
The descending channel from the October peak near $260 continues to define the chart. Since the February low near $67, $SOL has recovered inside the Bollinger Bands with price now at the upper band at $88.56. The middle band sits at $83.28 and the lower band at $77.99. The SAR at $79.51 sits below, flipped bullish since early April.
The descending trendline from October slopes down near $90 to $95, sitting just above the upper band. Both levels overlap, making $88.56 to $90 the zone that needs to break for any sustained move higher. A daily close above both puts $100 in view. The middle band at $83.28 is the first support on any pullback, then the SAR at $79.51. Losing the SAR opens the lower band at $77.99, then the February low near $67.
Key levels for April 18:
- SAR support: $79.51
- Lower Bollinger Band: $77.99
- Middle Bollinger Band: $83.28
- Upper Bollinger Band: $88.56
- Descending trendline: $90 to $95
- February low: $67.00
What Does wXRP On Solana Actually Mean For Both Networks?
Solana’s official X account posted “$XRP” without context on April 16, sending $XRP up 4% to $1.42. No formal announcement followed, but the integration is already live. Hex Trust partnered with LayerZero in December 2025 to launch wXRP on Solana, backed 1:1 by native $XRP in institutional-grade custody with over $100M in liquidity already deployed.
wXRP lets $XRP holders access Solana’s lending protocols, liquidity pools, and yield strategies without selling native tokens. Hex Trust’s licensed custody structure with insurance and compliance oversight addresses the bridge hack risk that has kept institutions away from cross-chain activity. For Solana, it brings a new asset class and its holder base into the ecosystem directly.
$SOL Derivatives: Shorts Taking Five Times More Pain As Options Volume Jumps 127%
Volume rose 35.35% to $14.65B with OI jumping 9.87% to $5.44B. Both rising together confirms fresh positioning entered the market. Long/short ratio at 1.0243 is flat, but Binance accounts lean long at 1.57 and OKX at 1.71.
Shorts absorbed $19.76M in 24-hour liquidations against $3.78M for longs. Options volume surged 127.34% to $17.25M with options OI up 1.24% to $91.19M, pointing to traders positioning for a directional move around the upper band and trendline resistance.
$SOL Price Prediction: April 18 Outlook
- Upside: Daily close above $88.56 and the descending trendline near $90 clears both resistance layers. Stablecoin supply growth and the February volume record provide fundamental support for a move above $90. First target is $100.
- Downside: Upper band holds as resistance, SAR at $79.51 breaks on a daily close, and $SOL drops toward the lower band at $77.99. A close below $77.99 opens the February low near $67 with the middle band at $83.28 as the only support in between.
