XRP's monthly gains overcome all Solana's market cap
2024-12-03

The XRP price has added an impressive $128 billion to its market cap, surpassing the entire market cap of Solana price in just 30 days. This significant surge has been a major factor in shifting investor attention and capital from Solana to XRP.  

Still, is it over for Solana?

The rally has sparked bullish expectations, with analysts forecasting a potential price surge to $400 and $600 in the coming months. This continued rise could position Solana as one of the top-performing assets in the crypto market, further solidifying its place among major blockchain projects. 

Despite the short-term bearish sentiment, , the Solana's price remains within a crucial range that traders closely monitor.

The Relative Strength Index (RSI) for Solana price has recently dipped below the neutral 50 mark, suggesting a weakening in buying momentum. The moving average convergence divergence (MACD) indicator has decreased bullish momentum, reinforcing the expectation of potential price consolidation or further correction in the short term.

In conclusion, while Solana’s recent breakout signals growth potential, XRP’s surge has overshadowed its market cap. With fluctuating momentum and mixed market sentiment, Solana’s future remains uncertain,