Ripple (XRP) is currently sitting at $1.41, waiting for a chance to move up the market radar. XRP price has earlier explored high price marks, including the ambitious $3.5 price level, driven solely through the asset’s sheer grit and vigor. Despite the current market odds, the bearish momentum is dominating the current crypto sector, with the Iran-US war adding additional pressure on major coins and their price momentum. In the middle of this, a new crypto trend is now catching up, with XRP in the center of it all. What is this new development all about? Let’s find out.
XRP in the Center of a New Trend
Ripple (XRP) has encountered a fair share of major pivotal proceedings, the legal ones, that ended up labelling XRP as a security. This led to a new crypto uprising back in 2024, with XRP taking the US SEC to court, arguing how Ripple is not a security. XRP won the case and, in the end, emerged stronger than ever by solidifying its presence in the crypto domain. Ripple is known for its global collaborations and cross-border payment network, both of which continue to grow stronger. Moreover, XRP is also part of the rising stablecoin drive, with RLUSD bringing more momentum for its ecosystem.
What’s changing for XRP now is the fact that its ETFs have started to garner significant retail demand. Per the latest post by Bloomberg ETF analyst James Seyffart, XRP ETFs have cumulatively taken in nearly $1.4B since launch, despite the market’s intense pressure and price pullback.
Another interesting insight that Seyffart shared was about the XRP ETF retail demand perspective. The expert noted how the retail demand for XRP ETFs is getting stronger, heavily driven forward solely with the help of retail assistance.
“Here’s a breakdown of the 4 groups of ETFs I’m tracking. SOL & XRP are by far the newest, but XRP ETFs are heavily driven by retail demand.”
XRP Price Outlook
With RLUSD rising revenue and inflows to Goldman Sachs revealing its XRP ETF holdings, the future certainly seems bright for XRP.
Per Dark Defender, XRP price may aim for a bigger haul, targeting the $5 in the short-term haul.
“XRP completed the large C Wave with 5 Sub-Waves. Wave 5 towards the $5.85 level is here. (NFA) #XRP Bull Run will be face-melting.”