- XRP’s realized cap is up 4.2% over 30 days, outpacing Solana’s 1%, signaling stronger short-term capital inflows
- Glassnode attributes this to faster capital rotation into XRP, reflecting higher investor conviction in the asset
- The divergence may reflect growing optimism for XRP amid spot ETF rumors
Amid major shifts in the cryptocurrency market, XRP has taken the lead in short-term capital rotation. It outpaced Solana (SOL) in realized capitalization growth over the past 30 days, according to the latest information shared by blockchain analytics platform Glassnode.
On-Chain Data Shows Capital Rotating Faster into XRP
Per data, XRP’s 30-day change in realized capitalization has surged to +4.2%, significantly ahead of Solana’s more modest +1%. Realized cap measures the value of all tokens at the price they last moved on-chain, offering a more accurate indicator of active capital compared to traditional market cap metrics.
Glassnode interprets this as a signal that capital is flowing more decisively into XRP, pointing out that “capital is rotating faster into #XRP, hinting at stronger short-term conviction.” This metric is particularly telling in a market where temporary sentiment often dictates the price action.
Throughout April, both XRP and SOL showed relatively flat or negative 30-day realized cap changes. However, a shift began in late April, with Solana pulling into positive territory first, followed closely by XRP. By early June, XRP’s growth accelerated while SOL consolidated and then started to drop.
XRP’s Momentum Builds
Rising realized cap typically indicates that buyers are purchasing the asset at higher prices, indicating confidence through their willingness to pay more. XRP’s momentum could be attributed to renewed interest following growing speculation around its potential exchange-traded fund (ETF) entry.
XRP now appears to be the most in-demand altcoin for spot ETF filings from major Wall Street firms. This could contribute to its imminent breakout in combination with growing adoption as a corporate treasury asset and expanding real-world utility in global payments.
Meanwhile, pseudonymous crypto market analyst EGRAG CRYPTO has offered four scenarios according to which the price of XRP could reach up to $25. Notably, XRP has demonstrated a clear ‘W’ pattern spanning from the 2018 high, through dips in 2020 and mid-2022, and back up in 2025.
At the same time, the XRP chart is forming a historical fractal mirroring the 2017 bull run, suggesting a major accumulation phase is underway. On top of that, it is holding key support levels that were also present in preparation for the last bull run.
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