Recently, there has been a significant change in the altcoin market marked by an increase in interest toward XRP while the number of Solana investors declines. We will analyze the main factors influencing these shifts.
Changes in Investor Preferences
According to Bybit's report, from October 2024 to May 2025, the share of XRP investors increased from 1.29% to 2.42%, while the number of Solana supporters fell from 2.72% to 1.76%. These changes indicate a growing confidence in XRP, linked to optimistic investor expectations.
Market Dynamics of Altcoins
November 2024 marked a turning point when XRP surpassed Solana in market capitalization, claiming the third spot. In January 2025, XRP's price peaked at $3.31—the highest since 2018. However, the price soon stabilized at 2.42% by May.
XRP and ETF Prospects
Among the factors driving interest in XRP are speculations regarding an XRP-focused ETF and the expected resolution of the ongoing court case with the SEC. Multiple altcoin ETFs are anticipated to obtain approval by the end of 2025, further boosting interest in XRP.
Thus, current trends in the altcoin market indicate a growing appeal of XRP and expected opportunities surrounding ETFs. These changes could significantly affect investors' asset allocation in the coming years.
