Key Points:
- XRP and Solana are trading more than 70% below their respective all-time highs, requiring gains of approximately 261% and 268% to recover their previous peaks.
- Solana has a potential institutional adoption catalyst in 2027, when the Depository Trust & Clearing Corporation plans to bring tokenized stocks and bonds to its network.
- XRP faces weaker recent ETF asset figures, while the expanding circulating supplies of both cryptocurrencies could increase the capital required to regain previous price records.
The competition between XRP and Solana is increasingly focused on which network can establish a stronger recovery path as the cryptocurrency market navigates a prolonged downturn. Both assets have fallen more than 70% from their historical peaks, leaving investors with substantial price appreciation requirements before previous records can be revisited. While their recovery prospects depend on broader market conditions, institutional adoption and token supply dynamics, Solana currently appears to have a more identifiable upcoming catalyst, according to a comparison published by 24/7 Wall St.
Both Cryptocurrencies Face Substantial Recovery Requirements
As of November 13, 2026, XRP was trading around $1.01, while Solana was priced just below $80. Their respective declines over the previous month were 23.3% and 23.7%, demonstrating similar recent weakness.
XRP remains approximately 72.3% below its all-time high of $3.65, recorded on July 17, 2025. Returning to that level would require an increase of approximately 261% from its reported price. Solana, meanwhile, reached its historical peak of $293 on January 19, 2025, and would need to appreciate approximately 268% from its current level to recover that record.
The comparison illustrates that neither asset has an overwhelming advantage based solely on the percentage gain required. Both also remain close to their recent trading lows. XRP’s 90-day low was $0.99 on August 16, while Solana’s was $75 on the same date. Solana also traded below its lowest closing price of the preceding 30 days, reported at $82 on November 12.
Solana’s Institutional Tokenization Opportunity
One factor supporting the more constructive outlook for Solana is a planned development involving the Depository Trust & Clearing Corporation (DTCC). The organization is expected to bring tokenized stocks and bonds to the Solana network in 2027, creating a potential institutional adoption catalyst.
The development could strengthen Solana’s position in the tokenization market by connecting its blockchain infrastructure with financial assets traditionally handled through established market institutions. Greater institutional activity could increase the network’s relevance beyond its existing cryptocurrency ecosystem.
However, the planned initiative should not be treated as a guarantee of increased SOL demand or token-price appreciation. The eventual economic impact will depend on implementation, actual transaction activity and the extent to which institutional tokenization generates meaningful network usage.
XRP ETF Assets Reflect a More Challenging Near-Term Picture
XRP faces a different set of market conditions. According to the source, assets held in XRP spot exchange-traded funds declined from approximately $1.57 billion to $1.16 billion over three weeks. The decline coincided with stalled inflows and ETF holders remaining underwater on their positions.
The reduction in ETF assets represents a weaker recent trend in institutional fund exposure. However, changes in assets under management do not necessarily equal net investor withdrawals because market-price movements can also affect fund valuations. The figures therefore indicate pressure on the ETF segment without independently establishing the full scale of investor redemptions.
For XRP, a sustained recovery may require renewed institutional participation alongside broader improvements in cryptocurrency market sentiment.
Token Supply Could Complicate a Return to Previous Peaks
Market capitalization provides another important dimension to the comparison. XRP’s reported market value stood at approximately $64.4 billion, making it the sixth-largest cryptocurrency. At its previous peak price of $3.65, its market capitalization would reach approximately $233 billion using the current circulating supply.
Solana’s market capitalization was approximately $47.1 billion. At its former high of $293, the corresponding valuation would be around $173 billion, also assuming the current supply remains unchanged.
That assumption is important because circulating supply can increase over time. Ripple gradually releases XRP from escrow, while Solana issues new tokens to stakers who help secure the network. Additional tokens mean that reaching the same price level requires a larger aggregate market capitalization than it would under an unchanged supply.
Looking toward 2028, Solana has the more identifiable near-term institutional catalyst in the comparison, while XRP’s recovery prospects will depend partly on whether ETF participation strengthens again. Nevertheless, neither network’s previous price peak should be treated as an automatic recovery target. Broader market liquidity, institutional demand, actual adoption and changes in circulating supply will ultimately determine whether either cryptocurrency can regain its historical valuation.
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