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Helius CEO Admits XRP Has Outshined Solana, Cites Technological Gap

Jonathan Carls by Jonathan Carls
June 30, 2025
in Market, News
Reading Time: 4 mins read
Helius CEO Admits XRP Has Outshined Solana, Cites Technological Gap
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  • XRP outperforms Solana in 2025, gaining 360% and surpassing SOL in market ranking.
  • Mert Mumtaz’s comments signal a possible shift in sentiment toward XRP’s dominance.
  • XRP’s bullish structure holds, with targets set at $2.25 and $2.69 after $2.07 rebound.

In a surprising twist for the crypto community, Mert Mumtaz, CEO of Helius Labs and a well-known Solana advocate, has publicly conceded that XRP has significantly outperformed Solana this year. The remark sparked widespread discussion across social platforms, as Mumtaz once a vocal supporter of Solana acknowledged that Solana may not have the technological depth to compete with XRP in the current market climate. Regardless, data shows XRP’s performance has undeniably eclipsed that of Solana throughout this year.

dont let this distract you from the fact that XRP has been much, much higher than SOL this whole year

we can not win against this, we do not have the technology

it's over

— mert | helius.dev (@0xMert_) June 30, 2025

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XRP Leaves Solana in the Dust

Year-to-date, XRP has seen a substantial rally. It surged over 360%, reaching a high of $3.40 before pulling back slightly. In comparison, Solana has climbed only 150%, despite briefly hitting an all-time high of $295. 

The market capitalization of XRP overtook Solana in December and hasn’t looked back. XRP now ranks fourth, while Solana dropped to sixth, recently being surpassed by Binance’s BNB token.

Moreover, XRP’s growing presence in corporate treasuries and ETF interest continues to fuel its momentum. Ripple, the firm closely tied to XRP, has gained credibility after dropping its SEC appeal. Analysts expect the SEC’s full withdrawal soon, which would provide an even stronger bullish signal for XRP holders.

Technology and Use Case Differences

While both tokens have loyal followings, their core technologies serve different purposes. XRP powers Ripple’s cross-border payment system, targeting banking and institutional use. 

On the other hand, Solana focuses on fast, low-cost transactions for decentralized applications and retail users. Some argue that Solana’s technical speed is unmatched, yet XRP’s real-world use case appears more institutionalized and regulation-friendly.

Despite Solana’s strengths, some experts suggest the crypto landscape may favor assets like XRP in the short term, especially with the growing focus on compliance and legacy finance integration.

XRP Breakout Still in Play

Technical analyst CasiTrades highlighted XRP’s recent bounce from $2.07 as a textbook correction bottom. The rally confirmed bullish structure, with the next target at $2.25. 

🚨$2.07 Tagged. $2.25 Loading. XRP Breakout in Progress! 🚀

On Friday, $XRP dipped cleanly to the $2.07 confluence zone – the golden .618 retrace, the 1:1 extension for wave C, and the .618 extension for subwave 5. I mentioned a sharp reaction from that level will confirm the… pic.twitter.com/XJfagYxIPU

— CasiTrades 🔥 (@CasiTrades) June 29, 2025

Two short-term scenarios are on the table, either a healthy backtest of $2.25 or a stronger push toward $2.69 resistance. In both cases, XRP seems poised for a larger breakout if it clears immediate resistance levels.

Tags: Ripple (XRP) News

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