$XRP $SOL XRP Overtakes Solana as Expectations Rise

Meanwhile, XRP has climbed the rankings to become the third-largest non-stablecoin crypto asset by holdings, surpassing Solana. This move is fueled by expectations surrounding an XRP spot ETF. With investor sentiment favoring regulatory approval, capital has begun to flow into the token.

Analysts at Bloomberg have maintained a 95% probability for the XRP spot ETF approval, reflecting strong confidence in its prospects. Meanwhile, Polymarket’s odds have dropped to 75% at the time of writing.

Despite the slight decline, the asset remains a leader in market discussions, particularly when compared to other alternative tokens. Bybit wrote:

“With its bullish price action, XRP has emerged as a winner among altcoins, with its share percentage increasing from 1.29% in November 2024 to 2.42% in May 2025.”

Bybit noted that interest in Solana has declined significantly. Since October 2024, the share percentage of SOL holdings has fallen by 35%. While the prospects for a Solana ETF remain, confidence appears to be waning in the near term.

Market participants are widely expecting Ripple’s ETF to receive regulatory approval before Solana. This belief has led to a noticeable shift in asset allocation. Some institutional funds have reduced their exposure to Solana, reallocating to XRP in anticipation of a more immediate ETF approval. This capital rotation has helped XRP advance in the rankings.

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