XRP’s Momentum Builds: 4X Realized Cap Growth vs Solana

Amid major shifts in the cryptocurrency market, XRP has taken the lead in short-term capital rotation. It outpaced Solana (SOL) in realized capitalization growth over the past 30 days, according to the latest shared by blockchain analytics platform Glassnode.

Per data, XRP’s 30-day change in realized capitalization has surged to +4.2%, significantly ahead of Solana’s more modest +1%. Realized cap measures the value of all tokens at the price they last moved on-chain, offering a more accurate indicator of active capital compared to traditional market cap metrics.

Glassnode interprets this as a signal that capital is flowing more decisively into XRP, pointing out that “capital is rotating faster into #XRP, hinting at stronger short-term conviction.” This metric is particularly telling in a market where temporary sentiment often dictates the price action.

Throughout April, both XRP and SOL showed relatively flat or negative 30-day realized cap changes. However, a shift began in late April, with Solana pulling into positive territory first, followed closely by XRP. By early June, XRP’s growth accelerated while SOL consolidated and then started to drop.

Rising realized cap typically indicates that buyers are purchasing the asset at higher prices, indicating confidence through their willingness to pay more. XRP’s momentum could be attributed to renewed interest following growing around its potential exchange-traded fund (ETF) entry.

XRP now appears to be the most in-demand altcoin for spot ETF filings from major Wall Street firms. This could contribute to its imminent breakout in combination with growing adoption as a corporate treasury asset and expanding real-world utility in global payments.

At the same time, the XRP chart is forming a historical fractal mirroring the 2017 bull run, suggesting a major accumulation phase is underway. On top of that, it is holding key support levels that were also present in preparation for the last bull run.