Solana Outperforms Bitcoin in Weekly Crypto Returns, XRP Leads YTD

Solana (SOL) leads cryptocurrency weeklong returns at 10.5%, while XRP posts a 0.2% YTD return as the only top contender in positive figures. Bitcoin lags at 1.8% weekly, impacted by economic fears. Factors influencing SOL include Coinbase upgrades and Canadian ETF launches. XRP’s 316% YTD return continues to raise interest despite price stability issues.

Recent data indicates that Solana (SOL) is leading the cryptocurrency market in weeklong returns, outperforming Bitcoin and other prominent altcoins as investor sentiment continues to be affected by concerns over a potential recession driven by tariffs imposed by President Donald Trump, especially on China.

Specifically, Grayscale’s data highlights that Solana achieved a 10.5% return over the last week, significantly higher than Bitcoin’s 1.8%. Following SOL, TRON (TRX) achieved nearly 4% in returns, while Avalanche (AVAX) recorded 1.7%. XRP managed a 1.6% return, with Binance Coin (BNB) trailing at 0.1%. Other notable cryptocurrencies like Chainlink (LINK), Cardano (ADA), Dogecoin (DOGE), and Ethereum (ETH) all faced declines in returns during the same period.

Despite ranking fifth in weekly returns, XRP distinguished itself as the only cryptocurrency within the top 10 by market capitalisation to show a positive year-to-date (YTD) return, standing at 0.2%, while the others exhibited negative YTD performances.

Solana’s recent success can be attributed to various factors, including upgrades by Coinbase and the introduction of Canada’s first Solana exchange-traded funds (ETFs). Solana’s price peaked at $136, the highest since March 28, marking a nearly 23% gain in the last week, surpassing Bitcoin’s modest growth.

Meanwhile, despite ongoing uncertainties surrounding its price, XRP remains competitive. Although XRP dropped in value for the day, it saw a weekly increase of 3.6% and has an impressive 316% YTD return as reported by CoinGecko. In comparison, Bitcoin has increased by over 38% this year, propelled by prior market gains when Trump took office. Notably, XRP’s incremental gains may have gone unnoticed, despite significant developments concerning Ripple, the largest corporate holder of the XRP Ledger’s native token.