XRP Surges Past Ethereum and Solana as Traders Bet on Further Gains
By Sage D. Young, Sherwood News – March 10, 2026
XRP, the fifth-largest cryptocurrency and the native token closely associated with Ripple, has recently captured the attention of traders by outperforming major digital assets like ethereum and solana. Over the past 24 hours, XRP’s price rose nearly 5%, reaching $1.42, signaling renewed investor enthusiasm in the marketplace.
Rising Market Optimism Around XRP
Market sentiment around XRP remains upbeat, with prediction market-implied odds indicating a strong possibility of the token climbing above $1.50 by the end of March. On Tuesday, the probability of this milestone hit 67%, a notable jump from 50% just a day earlier. These event contracts are traded via platforms such as Robinhood Derivatives, with odds data derived from KalshiEx LLC and ForecastEx LLC.
Despite this momentum, XRP is still far from the $2.26 peak recorded in November 2025 during the launch of its spot ETFs. James Seyffart, an ETF analyst at Bloomberg, observed that these ETFs have maintained solid inflows even as prices retracted, accumulating a total of $1.4 billion since their debut.
Institutional Support and Market Position
According to Seyffart, some of the largest spot XRP ETF holders include Goldman Sachs, with $153.8 million exposure, Millennium Management at $23.1 million, and Logan Strone Capital holding $5.3 million. However, because many investors do not file mandatory disclosures (13F filings), much of the holder landscape remains opaque.
While institutional interest grows, blockchain analytics firm Glassnode reports that over 56% of XRP’s circulating supply is currently held at a loss, underscoring lingering selling pressure or cautious investor positioning.
The Role of ETFs in Crypto Demand
A senior analyst at Glassnode, who tweets under the pseudonym CryptoVizArt, shared insights with Sherwood News regarding the influence of crypto ETFs on demand. The analyst noted that ETFs primarily serve as access vehicles, enabling traditional financial market participants to gain exposure to digital assets rather than acting as fundamental drivers of long-term demand.
“At most, they can act as a short-term catalyst for market momentum, largely by amplifying speculative interest, particularly from retail investors,” they commented. “Beyond that, ETFs should not be seen as a mechanism that guarantees sustained long-term demand.”
Ripple’s Stablecoin Nears Market Cap Milestone
Adding to the positive developments, Ripple’s stablecoin, RLUSD, is closing in on an all-time high in market capitalization. As of early 2026, RLUSD’s market cap stands at nearly $1.59 billion, up from $1.28 billion at the start of the year, reflecting increasing utility and adoption.
Additional Crypto Highlights
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Pump.fun Hits $1 Billion Revenue Milestone
The Solana-based token launchpad Pump.fun recently surpassed $1 billion in cumulative revenue, marking the first protocol on Solana to reach this achievement. Founded two years ago, the platform gained notable popularity by launching viral tokens including fartcoin, pnut, and Moo Deng. Despite a revenue decline from nearly $651 million in 2025 to a projected $476 million in 2026, Pump.fun continues to be a top earner within the crypto ecosystem. -
Bitcoin and Ethereum Market Movements
Bitcoin has recently hovered around the $70,000 range, but traders remain cautious amid geopolitical tensions such as the Iran conflict, limiting bullish momentum. Meanwhile, ethereum shows record network activity, though its price struggles to reflect the fundamental growth, leading analysts to predict fundamentals will reassert influence later in 2026. —
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