An interesting event occurred this week on the blockchain platform: capital began flowing into $XRP again.
According to blockchain data specialists, the realized market cap of XRP over 30 days has increased by 4.2%, while #Solana saw a modest increase of 1%. Simply put, investors are moving their money into XRP faster than $SOL , which indicates renewed confidence in the Ripple token over the past month.
$XRP is advancing again. The change in the realized market cap over 30 days has reached +4.2%, surpassing SOL which rose by 1%. Capital is flowing faster towards #XRP , indicating stronger conviction in the short term:
If you're wondering about the significance of the realized cap, think of it as the price of all traded coins, linked to what people have actually paid. When this total rises, it means new money is flowing in at higher prices; when it falls, people are pulling out their money. Therefore, a 4.2% increase in the price of XRP indicates an influx of more new buyers or a doubling of current coin holders over the past thirty days.
What drives the price of Ripple (XRP) to rise?
To begin with, Ripple's battle with the U.S. Securities and Exchange Commission (SEC) has taken promising turns. Its attractiveness is advancing, and each regulatory win draws institutions' attention. Then there’s talk of a potential spot ETF for XRP. After Bitcoin and Ethereum overcame this hurdle, investors are asking: Will XRP be next? Finally, XRP itself is witnessing upgrades - faster transactions, better integration with decentralized finance (DeFi) - which delights developers, and this enthusiasm often translates to capital flows.
On the other hand, Solana is not experiencing a sharp decline, but it is also not performing well. SOL is trading around $164, which is still good according to most metrics, but network hiccups and broader market caution have led to some profit-taking. The Solana ecosystem is still vibrant - non-fungible tokens (NFTs), decentralized finance projects, and others - but for now, it simply isn't attracting new capital as quickly as XRP.
And what lies ahead?
Keep an eye on Ripple's court filings later this month. A positive outcome could drive the price of XRP up. For Solana, upcoming protocol upgrades and any signals for a traded SOL ETF could rekindle interest in the coin. Until then, if you believe in reading on-chain market reflections, XRP appears to be the better option in the short term.
In the markets, timing is the critical factor. In the coming weeks, the change in the realized cap will be the number everyone is watching. At least for now, investment is returning to XRP, which says a lot about the market direction.
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