Solana and XRP extended their retreat on Tuesday, trading below Monday evening’s prices while their rolling returns diverged. Solana also faced another session of withdrawals from U.S. funds tracking the asset.
At approximately 13:11 UTC on October 20, Coinbase’s SOL-USD pair last traded at $104.30 and XRP-USD at $1.2971. The prices were 0.27% and 0.35% below their respective observations at 21:05 UTC on Monday.
The decline was modest against that evening comparison, but it added to the weakness already visible after Monday morning’s recovery. Neither asset had recovered its earlier Monday quotation.
Solana funds record further withdrawals
U.S. Solana ETFs recorded $6.7 million in net outflows on Monday, according to Farside Investors. BSOL accounted for $4.9 million and FSOL for $1.8 million, with no offsetting positive flow shown elsewhere in the table.
That followed $25.5 million in combined withdrawals across the previous week’s five sessions. Monday’s outflow was smaller than Friday’s $12.7 million, but the reduction in size did not change the direction of the net allocation.
The figures concern a particular investment channel. They do not measure all demand for SOL, and they do not establish how many tokens a corporate holder or an exchange customer bought or sold during Tuesday’s trading.
The timing also matters. Monday’s completed fund activity and Tuesday’s continuously traded token price are related market observations, rather than a matched record of the same orders. The data does not establish that the fund withdrawals caused the latest price decline.
Both assets remain below Monday morning
Our earlier reporting recorded Solana at $105.65 and XRP at $1.3137 on Monday at 07:16 UTC. Tuesday’s quotations were approximately 1.28% and 1.26% below those levels.
The similar losses over that interval contrast with the small difference since Monday evening, when XRP gave up slightly more. There is little basis in these observations for declaring a decisive shift in leadership between the two tokens.
For a holder, the relevant return still depends on the purchase price. A token can remain above a recent low while being below an investor’s entry. Distance from a rolling low measures the recovery from that trade, rather than the experience of everybody holding the asset.
The earlier quotations are historical comparisons, not forecast targets. Returning to one would close the measured gap, but the fact that a price appeared in a previous report does not demonstrate that orders are clustered there now.
Rolling returns diverge despite the shared pullback
Coinbase reported a rolling opening value of $104.16 for Solana, putting its latest return at positive 0.13%. XRP’s opening value was $1.3007, producing a decline of 0.28%.
Both had shown larger positive rolling returns in Monday evening’s report. The current divergence reflects the relationship between the current last trade and the current window’s opening price. Because the window moves, it is not a fixed calendar-day return and should not be combined with Monday’s percentage as if the periods were separate.
Solana’s reported range ran from $103.44 to $105.56. Its latest price stood 0.83% above the low and 1.19% below the high. XRP ranged from $1.2844 to $1.3120, leaving it 0.99% above the low and 1.14% below the high.
Those figures show that both assets had recovered some distance from the lowest trades within the window. They do not show a completed reversal, establish a technical floor or reveal how much liquidity is available near either extreme.
Corporate news and token trading need separate evidence
SkyAI’s disclosure that it sold its Solana treasury remains relevant to the investment case for corporate token holdings. The announcement describes completed sales, however, and does not establish that the company was selling into Tuesday’s decline.
Connecting those events would require the sale times, sizes and trading venues. Assigning a later price move to the company simply because its announcement is prominent would go beyond the available evidence.
Likewise, a change in SOL or XRP’s exchange price is not a direct measurement of network usage. Transactions, fees, application demand and exchange trading each need their own records before they can support a claim about adoption or operating performance.
For traders, the practical questions are whether the decline persists, whether subsequent Solana fund sessions reverse the withdrawals and whether execution remains orderly. Our guide to market liquidity and slippage explains why a visible last trade can differ from the price available for a larger order.
Tuesday’s evidence confirms a continuing pullback, with both tokens below Monday’s morning and evening prices. Solana’s fund outflows add a verified allocation signal, while the spot data alone supplies no confirmed liquidation event or single cause for the move.