Despite a significant decline, Ripple (XRP) remains a point of interest for large investors, with network activity increasing.
Investor Interest in Ripple
Despite a 20% price decline over the past two months, large investors continue to show significant interest in Ripple (XRP). According to Santiment, wallets holding at least 1 million XRP increased their holdings by 6.5% during this period, reaching a total of 46.4 billion XRP, which is roughly $114 billion. The increased XRP network activity indicates rising engagement within the ecosystem, possibly tied to expectations of a resolution to the company's lawsuit with the SEC and the potential launch of an ETF.
Statements from Ripple's CEO
In a recent interview, Ripple's CEO Brad Garlinghouse expressed confidence that an XRP ETF could be approved by the end of 2025, and that XRP could become part of the U.S. government's strategic digital asset reserves. He noted that a recent executive order by the U.S. President in early March officially initiated a White House-backed digital asset reserve plan.
XRP ETF Expectations
Garlinghouse also stated that the market could see a wave of spot XRP ETF approvals in the second half of 2025. Over ten institutions, including investment firms like Bitwise and Franklin Templeton, have already submitted applications to the SEC. However, various factors such as regulatory attitudes and market liquidity may affect the approval timeline.
Ripple (XRP) faces significant developments and decisions in the coming years that may strengthen its market position.
