Solana and XRP Surge Amid Market Shifts
In a notable turn of events, Solana reached an impressive $219.50, while XRP surpassed the $3 mark, showcasing their strength as both cryptocurrencies outshine the broader market, particularly as Ethereum’s momentum appears to be slowing. According to prediction markets, over half of the users, approximately 54%, believe that Solana could achieve new all-time highs by the end of the year. Similarly, there is a strong bullish outlook for XRP, with many anticipating it could hit $4. The anticipation surrounding potential SEC approval for exchange-traded funds (ETFs) linked to Solana and XRP in the U.S. is fueling investor excitement, especially as European funds have already recorded significant inflows. As the Ethereum frenzy begins to wane, analysts suggest that the upward trajectory for Solana and XRP could persist through the year’s end.
Market Cap Growth Despite Ethereum Cooling
Despite a cooling trend in Ethereum’s performance, the global cryptocurrency market capitalization briefly surpassed the $4 trillion mark for the first time in September, according to data from CoinGecko. At the latest update, Solana surged to $219.50 on Tuesday but has since adjusted slightly to $216.37, reflecting a 1.1% increase compared to the previous day. On the other hand, XRP initially climbed above $3 for the first time this month but has since seen a slight decline to $2.99, still showing a marginal increase of about 0.1% from Monday morning.
Positive Predictions for Solana and XRP
Participants on Myriad, a prediction market managed by Dastan, the parent company of Decrypt, have exhibited a positive shift, with 54% of users expressing optimism that Solana will reach a new all-time high before the year concludes. Furthermore, 75% of participants believe that Solana is more likely to rise to $250 rather than fall to $130. A similar sentiment is emerging for XRP, where bullish predictions have outnumbered bearish ones, with 54.7% of users anticipating that XRP will reach $4 before experiencing a dip to $2.
Consistent Inflows into Solana and XRP Funds
Analyzing ETF flows from the previous week, digital asset management firm CoinShares reported that Solana-focused funds in Europe and other markets have experienced 21 consecutive weeks of inflows, totaling $1.1 billion this year. Additionally, XRP exchange-traded products in markets outside the U.S. have attracted $1.2 billion in 2025. Much of this optimism stems from expectations that the SEC will soon approve ETFs linked to Solana and XRP for trading in the U.S. This development would enable American investors to gain exposure to these cryptocurrencies without the complexities of buying and storing them directly.
ETF Approvals Boosting Investor Interest
Shawn Young, chief analyst at crypto exchange MEXC, shared insights with Decrypt, noting that the anticipated SEC approval for these exchange-traded products is significantly contributing to investor enthusiasm. Such products would simplify access to cryptocurrencies for U.S. investors, allowing them to bypass the intricacies of crypto exchanges and wallets. Young emphasized the relative strength of Solana, Dogecoin, and XRP against a generally stable crypto market, attributing this to speculation around imminent ETF approvals. He pointed out that these tokens have emerged as notable outperformers, as ETF inflows represent one of the most substantial short-term catalysts for digital assets.
Ethereum’s ETF Losses Shift Focus to Solana and XRP
The recent losses associated with Ethereum ETFs have inadvertently created opportunities for XRP and Solana. Young indicated that while Ethereum ETFs have seen a significant outflow of over $1 billion in recent days, traders are now shifting their focus to assets that are perceived to be next in line for ETF approval. This rotation is fostering a ‘first-mover’ advantage that may lead to revaluation as the fourth quarter approaches.
Fundamental Strength Behind Solana’s Growth
David Siemer, CEO of Wave Digital Assets, highlighted the underlying value that investors see in Solana’s fundamentals. He stated that Solana’s growth trajectory is likely to be propelled by its robust developer ecosystem and practical applications across decentralized finance (DeFi), non-fungible tokens (NFTs), and payment solutions. The platform’s low-cost and high-throughput capabilities position it as a formidable competitor to Ethereum, with ongoing adoption from both retail users and developers likely to sustain its momentum through the end of the year.
Recent Enhancements Boosting Investor Confidence
This enduring appeal of Solana among traders and investors has been bolstered by recent network upgrades that promise even faster transaction speeds and enhanced stability. As a result, traders in prediction markets are increasingly optimistic about SOL, with the likelihood of Solana reaching a new all-time high this year rising by 20% on Myriad within just the last two weeks.
