- Solana rose by 58.75% to flip Binance Coin in market cap and it could target XRP next
- XRP has been facing stagnant price trends and mixed on-chain signals
Solana’s [SOL] impressive performance in recent months has turned heads in the crypto world, marking a notable shift in the rankings of top digital assets. Kicking off the new year with a milestone, Solana flipped Binance Coin [BNB], solidifying its position as a key player in the market.
This rapid ascent has sparked discussions about whether Solana’s momentum could continue, potentially allowing it to surpass XRP and climb even higher in the rankings.
Solana outshines XRP – A closer look
In fact, Solana has continued to command attention with a sharp 58.75% hike in recent weeks, showcasing a steady recovery and a strong uptrend as depicted in its daily price chart. This performance solidified its position above Binance Coin in market cap, raising the possibility of a similar challenge against XRP.
Source: TradingView
On the contrary, XRP’s price action has remained comparatively subdued. While XRP saw moments of strength, its growth trajectory was overshadowed by Solana’s consistent bullish momentum. SOL’s ability to sustain higher trading volumes and investor interest is a sign of stronger fundamentals or market sentiment.
As SOL inches closer to XRP’s market cap, the divergence in their respective price trends may signal a broader shift in investor preferences. Particularly towards assets with high scalability and ecosystem development.
Metrics reveal mixed signals amid price stagnation
The chart highlighted XRP’s stagnant price movement against fluctuating on-chain metrics.
For instance, the Realized Cap HODL Waves revealed a significant decline in short-term holders, suggesting reduced speculative trading activity. Meanwhile, mid-term holders saw modest accumulation, indicating some confidence in holding XRP despite limited price momentum.
Source: Santiment
Supply on exchanges has remained elevated too, reflecting potential selling pressure or hesitation among investors to move tokens off trading platforms. Additionally, the MVRV Z-Score, which evaluates overvaluation or undervaluation, seemed to be in a neutral zone – Highlighting a lack of decisive sentiment in the market.
These metrics, together, painted a picture of a market in limbo for XRP, with neither clear bullish nor bearish signals. In contrast, Solana’s more favorable on-chain data and price performances may give it the edge in its potential market cap flipping of XRP.
Read Solana’s [SOL] Price Prediction 2025–2026
Can SOL flip XRP?
SOL’s consistent price recovery, robust trading volumes, and positive on-chain metrics reflected a market sentiment heavily tilted in its favor. Meanwhile, XRP might be facing headwinds with stagnant price action and mixed on-chain signals, including elevated exchange supply and declining activity among short-term holders.
The outcome of this battle may hinge on broader market trends, ecosystem developments, and investor sentiment. If Solana can maintain its upward trajectory and capitalize on its scalability and network activity, a flippening of XRP could be on the horizon.
