On‑Chain Metrics Point to Fresh XRP Momentum as Solana Slows

Something interesting happened this week on the blockchain: capital started pouring into XRP again. Glassnode, the on‑chain data specialists, tweeted that XRP’s 30‑day realized cap is up 4.2%, while Solana’s sits at a more modest 1% gain. In plain English? Investors are shifting money into XRP faster than into SOL, and it hints at renewed confidence in Ripple’s token over the last month.

If you’re wondering why realized cap matters, think of it as the price tag on all the coins in circulation, pegged to what people actually paid. When that total climbs, it means fresh money is coming in at higher prices; when it falls, people are cashing out. So a 4.2% bump in XRP tells us more new buyers stepped in, or existing holders doubled down, in the last 30 days.

What’s Pushing XRP Higher?

For starters, Ripple’s battle with the SEC has taken a few promising turns. Their appeal is moving forward, and every regulatory win makes institutions sit up and notice. Then there’s chatter about a potential XRP spot ETF. After Bitcoin and Ethereum cleared that hurdle, investors are asking: could XRP be next? Lastly, the XRP Ledger itself is getting upgrades—faster transactions, better DeFi integration—which makes developers happier, and that buzz often translates into capital inflows.

On the other side of the fence, Solana isn’t exactly flailing, but it’s not flying either. SOL is trading around $164, still healthy by most measures, but network hiccups and broader market caution have seen some profit‑taking. Solana’s ecosystem remains vibrant—NFTs, DeFi projects, the works—but right now it’s simply not grabbing fresh capital as quickly as XRP.

And What’s on the Horizon?

Keep an eye on Ripple’s court filings later this month. A favorable outcome could send XRP even higher. For Solana, upcoming protocol upgrades and any whispers of an SOL ETF could reignite interest. Until then, if you believe in reading the on‑chain tea leaves, it looks like XRP has the short‑term edge.

In markets, timing is everything. For the next few weeks, the realized cap change will be the number everyone watches. At least for now, the money’s moving back into XRP—and that says a lot about where sentiment is heading.