The Momentum of $XRP Rises: Real Market Capitalization Grows 4 Times Compared to Solana

robot
Abstract generation in progress

In the context of significant changes in the crypto market, XRP has been leading in short term capital rotation. According to the latest information shared by the blockchain analysis platform Glassnode, XRP has surpassed Solana (SOL) in terms of actual market capitalization growth over the past 30 days. On-Chain Data Shows Faster Capital Flow into XRP According to the data, the change in actual market capitalization over 30 days for XRP has surged to +4.2%, significantly higher than the more modest +1% of Solana. Actual market capitalization measures the value of all tokens based on the last price they moved on-chain, providing a more accurate indicator of active capitalization compared to traditional market capitalization metrics. Glassnode understands this as a signal that capital is flowing more strongly into XRP, indicating that "capital is circulating faster into #XRP, implying stronger short term confidence." This metric is particularly significant in a market where temporary sentiment often dictates price action. Throughout April, both XRP and SOL showed relatively flat or negative 30-day market capitalization changes. However, a shift began at the end of April, with Solana entering the first positive zone, followed by XRP. By the beginning of June, XRP's growth accelerated while SOL consolidated and then began to decline. The Momentum of XRP Is Rising The actual market capitalization increase usually indicates that buyers are purchasing assets at higher prices, reflecting confidence through their willingness to pay more. The momentum of XRP may be due to new interest following increasing speculation about its potential inclusion in the (ETF). XRP currently seems to be the most requested altcoin for spot ETF filings from major firms on Wall Street. This could contribute to its upcoming breakout combined with the increasing adoption as a corporate treasury asset and expanding real-world utility in global payments. Meanwhile, the anonymous crypto market analyst EGRAG CRYPTO has presented four scenarios under which the price of XRP could reach 25 dollars. Notably, XRP has demonstrated a clear 'W' pattern extending from the high in 2018, through the dips in 2020 and mid-2022, and back again in 2025. At the same time, the XRP chart is forming a historical fractal reflecting the price increase of 2017, indicating a large accumulation phase is underway. Furthermore, it is holding important support levels that are also present in preparation for the latest price surge.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 4
  • Share
Comment
0/400
GateUser-d563089cvip
· 20h ago
Quick, enter a position! 🚗
Reply0
GateUser-d563089cvip
· 20h ago
Quick, enter a position! 🚗
Reply0
GateUser-d563089cvip
· 20h ago
Just go for it💪
Reply0
GateUser-d563089cvip
· 20h ago
Quick, enter a position! 🚗
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)