Solana and XRP have outperformed the wider market this week as investor attention shifts from Ethereum. The global crypto market cap briefly topped $4 trillion, driven in part by hopes that U.S. exchange-traded products (ETPs) tied to these tokens could win approval.
On Tuesday, Solana climbed to a high of $219.50 before settling near $216.37, roughly 1.1% higher than 24 hours earlier. XRP pierced the $3 mark for the first time this month and traded around $2.99, about 0.1% above Monday levels.
Prediction markets on Myriad show growing bullish conviction: 54% of users expect Solana to reach a new all-time high by year-end, and 75% believe a move to $250 is more likely than a drop to $130. Sentiment for XRP is similar, with bulls outnumbering bears 54.7% to 45.3% on a $4 vs $2 directional bet.
Fund flows add weight to the optimism. Digital-asset manager CoinShares reports Solana funds listed outside the U.S. have recorded 21 consecutive weeks of inflows, totaling about $1.1 billion year-to-date. Meanwhile, non-U.S. XRP ETPs have pulled in approximately $1.2 billion so far in 2025.
Analysts say the common catalyst is expectations for U.S. ETF approvals. Shawn Young, chief analyst at MEXC, told Decrypt that speculation around near-term ETF greenlights has created a “first-mover” effect. Traders appear to be rotating capital away from assets that have recently seen outflows and into tokens perceived as next in line for ETF treatment.
That rotation is visible: recent outflows from Ethereum ETFs — which lost over $1 billion in a short period — have coincided with renewed buying in SOL and XRP. Supporters also point to Solana’s improving infrastructure and developer activity as reasons the network could sustain broader adoption.
Risk note: Market moves tied to ETF speculation and prediction markets can be volatile and short-lived. Price targets and odds are forward-looking estimates, not guarantees. Investors should weigh fundamentals, liquidity, and personal risk tolerance before acting.
Why this matters: ETF approval would make it easier for U.S. investors to gain exposure without handling private keys, potentially broadening demand. Whether that demand is enough to push Solana to new highs or XRP to $4 depends on regulatory outcomes and continued capital flows into ETPs.
Source: Decrypt. Read the original coverage for full details.
