- XRP’s leveraged ETF launch saw strong day-one performance, ranking in the top 5 percent of all ETF launches by trading volume.
- Retail interest surged, with XRP futures volume rising 78 percent in a week and newer tokens dominating realized market value.
- Despite volatility, 81.6 percent of XRP’s total supply remains in profit, signaling strong holder gains across the current market.
XRP has seen a notable increase in market activity driven by its ETF launch and growing interest from retail traders. On its first day of trading, the 2X leveraged XRP ETF saw $5 million in volume. Bloomberg’s Senior ETF Analyst Eric Balchunas noted this placed the product among the top 5 percent of ETF launches by volume, highlighting investor demand despite it being outside the Bitcoin and Ethereum categories.
The performance also surpassed the launch volume of the 2X Solana ETF, which recorded one-fourth the activity. Although far from the $1 billion opening of BlackRock’s Bitcoin ETF, the XRP fund’s debut was considered significant for a leveraged altcoin ETF.
Legal Voices Push Confidence in XRP Amid Wider Doubts
Well-known crypto attorney John Deaton reignited attention toward XRP by suggesting it could overtake Ethereum in market value before the end of the year. Deaton, known for representing XRP holders in their legal battle with the SEC, pointed to the asset’s community strength and investor loyalty as factors often overlooked by the wider crypto sector.
He also emphasized that despite internal industry skepticism, XRP continues to attract solid support. Deaton’s remarks reflect a broader sentiment among some XRP advocates that the asset remains undervalued.
Retail Trader Activity Drives XRP Rally Momentum
Data from Glassnode showed a 78 percent increase in XRP futures volume within a single week, confirming a sharp rise in trading activity. During February’s price rally, XRP’s Realized Capitalization rose sharply from $30.1 billion to $64.2 billion, largely fueled by retail participation.
Additionally, tokens held for less than six months now account for 62.8 percent of XRP’s Realized Cap, up from 23 percent earlier in the year. This concentration of newer holders could indicate short-term trading behavior.
Even with recent price drops, XRP holders remain broadly in profit. As of early April, 81.6 percent of the total supply was still held at a profit, based on Glassnode metrics. This placed XRP second only to TRON among major digital assets in terms of supply profitability.
