A tidal wave of funds flows into XRP! Short-term confidence soars, can it surpass Solana and ignite a new bull market?
Recently, amidst market turbulence, XRP has shown a strong upward trend, with a market capitalization increase of 4.2% over the past 30 days, far exceeding Solana's 1%! XRP trading volume surged by 18%, averaging over $1.2 billion daily, with prices skyrocketing to $0.58, indicating a rapid influx of capital and a highly optimistic short-term sentiment.
Driving this momentum are both institutional and retail investors: several companies, including Trident and Webus International, have accumulated over $470 million in XRP, highlighting the growing demand for corporate payments. Positive regulatory news continues to emerge, with the SEC's motion to collaborate with Ripple potentially waiving a $125 million fine, sending a positive signal. Expectations for ETFs are heating up, on-chain activity has surged by 490%, and retail investor interest is clearly returning, leading to a rapid rise in XRP's popularity!
In comparison to Solana, although ETF news has attracted attention, SOL has recently shown weakness, dropping nearly 9.5% in the last 24 hours, alongside a liquidation risk of $1.18 billion, putting significant pressure on it. Despite XRP's strong momentum, caution is required regarding its vulnerability based on new retail investor support—62.8% of holders entered the market in the past six months, and the risk of a pullback cannot be ignored.
Looking ahead, XRP must break through the critical resistance level of $0.62 to confirm a reversal pattern, while Solana needs to hold the $150 mark. If Bitcoin stabilizes, XRP may continue to lead; conversely, if geopolitical conflicts escalate, Solana's volatility may increase.
In this 'contest' between XRP and Solana, who will emerge victorious? The market is ever-changing, with opportunities and risks coexisting; keep a close eye on key nodes to determine the future!
