XRP: Solana got flipped by the altcoin over the weekend and climbed higher above USDT to become 3rd largest crypto by market cap.
The altcoin soared 370% in the past 30 days, with the market cap surging 5x from $29 billion to $138 billion. As of this writing, it eclipsed SOL’s market cap by $30 billion and was above USDT’s market size by $4 billion.The development has caught most market pundits off-guard, especially Solana insiders, after SOL emerged as the darling of the bull run earlier in the cycle.
The wild upswing followed reports of US SEC chair Gary Gensler’s expected resignation by 20th January 2025. But how far can XRP go from here? According to CryptoQuant’s Woo Minkyu, the altcoin saw an uptick in whale interest and the large players appeared ready to book profits from the rally.Notably, whale-to-exchange transactions spiked to record highs when XRP crossed above $2, rhyming with the past trends, which led to a short-term local top.
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