Solana’s $700 Quest: Can It Topple XRP for Crypto’s #3 Spot in 2025?

Solana's charging toward a historic market cap flip—but can it sustain the momentum?

The Network's Ascent

Solana's infrastructure upgrades slash transaction times while bypassing Ethereum's congestion issues. Validator participation hits record highs as institutional money flows into SOL staking products.

The $700 Threshold

Hitting $700 requires a 4x surge from current levels—a feat that would eclipse XRP's entire market valuation. Trading volume suggests accumulating patterns reminiscent of 2021's bull run.

Regulatory Wildcards

XRP's legal clarity gives it stability, while Solana dances with SEC scrutiny. Because nothing says 'mature asset class' like watching lawyers determine market caps.

The Verdict

Technical superiority doesn't always win—but with developer migration accelerating, Solana's poised to rewrite the crypto hierarchy. Bet against it at your own peril.

Solana (SOL) has been making headlines recently after a 35% rise since May. The broader crypto market rally, which began in July following the passage of the Genius Act, has supported this move. The legislation was seen as a positive shift for stablecoin-focused blockchains, with Solana among the main beneficiaries.

Price Action and Resistance

SOL is now approaching important resistance levels against both Bitcoin and Ethereum. This suggests its recent strength could ease in the short term. On-chain data also shows a steady decline in active wallets since early 2025, a trend that often signals caution for traders. Still, if the overall market continues higher, SOL is expected to follow.

DeFi Growth and Capital Flows

Despite weaker wallet activity, Solana’s total value locked (TVL) in DeFi has reached record highs. Most of this growth appears to come from new capital moving in, including from real-world assets (RWAs). This inflow shows that liquidity on solana is expanding and that the ecosystem is continuing to attract investment.

Price Outlook

Analysts see a short-term target for SOL between $350 and $375 if it breaks above $250 resistance. Failure to hold could mean a MOVE back to $125. Longer term, the coin could climb toward $500, supported by technical patterns and increasing adoption.

At the time of writing, SOL is trading at $196 and is down by more than 3% in the last 24 hours.

Can Solana Flip XRP?

XRP is projected to reach $4.5–$5 in this cycle, which would give it a $300 billion market cap. For Solana to move ahead, it would need to surpass this figure. That would place SOL closer to $600–$700. Whether this happens depends on Solana’s roadmap milestones, capital inflows, and continued ecosystem growth.