In the context of major changes in the cryptocurrency market, XRP has led in short-term capital turnover. According to the latest information shared by the blockchain analysis platform Glassnode, XRP has surpassed Solana (SOL) in actual market capitalization growth over the past 30 days.
On-Chain Data Shows Faster Capital Rotation into XRP
According to data, the change in actual market capitalization of XRP over 30 days 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 cap metrics.
Glassnode sees this as a signal indicating that capital is flowing more strongly into XRP, suggesting that "capital is rotating faster into #XRP, implying stronger short-term confidence." This metric is particularly meaningful in a market where temporary sentiment often dictates price action.
Throughout April, both XRP and SOL showed relatively flat or negative 30-day changes in actual market capitalization. However, a shift began at the end of April, with Solana moving into positive territory first, followed by XRP. By early June, XRP's growth accelerated while SOL consolidated and then began to decline.
The Momentum of XRP is Rising
An increase in actual market capitalization often indicates that buyers are purchasing the asset at higher prices, demonstrating confidence through their willingness to pay more. The momentum of XRP may be due to new interest following increasing speculation about its potential involvement in an exchange-traded fund (ETF).
XRP currently appears to be the most sought-after altcoin for spot ETF applications from major firms on Wall Street. This could contribute to its impending breakout combined with increasing adoption as a corporate treasury asset and expanding real utility in global payments.
Meanwhile, the anonymous cryptocurrency market analyst EGRAG CRYPTO has put forward four scenarios under which the price of XRP could reach $25. Notably, XRP has demonstrated a clear 'W' pattern extending from the high of 2018, through declines 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 surge of 2017, indicating that a significant accumulation phase is underway. Moreover, it is holding important support levels that are also present to prepare for the latest price increase.