Solana (SOL) Overtakes XRP With $20 Million Upside on ETF Market

Solana has significantly outperformed $XRP on the ETF market. Daily inflows of about $20 million, according to the most recent fund-flow data, certainly reflect the growing demandamong institutional investors.

Two breakthrough, but different magnitude

As both assets attempt significant technical breakouts, the difference between them is certainly growing. In contrast to $XRP, which only recorded $13.82 million in one-day net inflows, Solana products recorded roughly $33.49 million, according to the ETF data provided.

For the session, that puts $SOL ahead by about $19.67 million. However, the longer-term data paint a more nuanced picture. Solana has about $1.22 billion in cumulative net inflows, whereas $XRP ETFs have amassed about $1.57 billion.

Additionally, compared to Solana’s $1.21 billion in ETF net assets, $XRP has about $1.44 billion. Consequently, rather than winning the entire ETF race, Solana is winning themost recent round. Nevertheless, given $SOL’s price movement, current demand seems especially pertinent. Solana broke through its major moving averages and shot up from the mid-$70 range to about $100.

Most significantly, $SOL is currently trying to establish itself above the psychologically significant $100 threshold after clearing the long-term average at $89.45. During the breakout, volume increased significantly, lending the move more legitimacy.

Is Solana getting exhausted?

The primary concern is momentum;$SOL is significantly overboughtas the daily RSI has risen to about 87. It is still possible for the price to continue moving toward $104–$108, but it becomes riskier to chase the move without consolidation. $XRP has experienced a similarly remarkable comeback, going from about $1.00 to about $1.48.

Additionally, it has recovered its long-term moving average around $1.35, despite strong selling during an earlier wick toward $1.70. Overheated conditions are also indicated by an RSI close to 80. At a crucial technical juncture, the ETF numbers offer Solana an additional

In light of the assets’ total market capitalization, the $20 million daily advantage over $XRP is negligible, so it should not be considered the primary driver of $SOL’s increase. However, Solana’s most recent breakout will have much stronger foundations if it continues to attract stronger daily ETF flows while keeping $89–$90 as support. Though Solana currently has the momentum advantage, $XRP still leads overall.

Source: cryptonews.net