XRP has outperformed Solana in real market cap growth, indicating renewed investor confidence. According to Glassnode, the percentage change in XRP's 30-day real market cap—a metric measuring the total value of coins moved at their last price—has increased by +4.2%. Solana only saw a +1% growth during the same period.
This divergence means capital is flowing into XRP faster than Solana, implying short-term accumulation by traders positioning for a breakout. Real market cap is especially useful during times of uncertainty as it shows actual wealth moving on-chain rather than speculative market value. Higher real market cap growth often correlates with more network activity and investor confidence.
To understand better:
XRP's 30D real market cap: +4.2%
SOL 30D Real market cap: +1%
The significant increase in XRP's realized cap can be seen as a sign of changing sentiment among retail and institutional traders, possibly ahead of regulatory clarity or general cryptocurrency market momentum.
Technical analysis of XRP advises caution
Despite having strength on-chain, XRP's chart remains cautionary. It is trading at $2.13, down 0.70% in the last 24 hours and is stuck below the descending trendline that has rejected all bullish attempts since early June.
The price action cannot reclaim the 50-period EMA on the 2-hour chart (currently at $2.19) and XRP has made lower highs. A red candle with a wick rejecting at $2.18 indicates ongoing resistance.
The MACD line has a slight bullish crossover, but the chart is fading, so there is currently not much momentum.
Key technical levels:
Resistance levels: $2.18, $2.22
Support levels: $2.09, $2.0474, $2.0042
EMA barrier: 50-EMA at $2.19
XRP price prediction remains bearish unless XRP breaks through the descending trendline and confirms a rise above $2.22; traders may continue to see bearish pressure.
XRP trading setup requires attention
As XRP consolidates below resistance, traders have clearly identified levels to watch for both bullish and bearish strategies.
Short-term trading idea:
Entry: Rejection near $2.18
Stop: Above $2.22
Target: $2.0936, $2.0474
Long-term trading setup:
Entry point: Break and close above $2.22
Stop: Below $2.18
Target: $2.27, $2.3365
Currently, the fundamentals indicate growing investor interest, but the price must continue to break out strongly to confirm the next upward momentum. Until then, XRP is still at a technical crossroads.