Traders bet XRP’s price will keep rising as it outpaces ethereum and solana
Meanwhile, more than half of XRP’s total supply is sitting at a loss.
XRP, the fifth-largest cryptocurrency and closely connected to Ripple, has increased nearly 5% in the last 24 hours to trade at $1.42, outpacing bitcoin, ethereum, and solana.
Traders are betting on XRP’s price rising higher in March, with prediction market-implied odds of the token climbing above $1.50 rising to 67% on Tuesday, an increase from 50% yesterday.
(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)
Despite the recent spike, XRP is trading substantially below $2.26, the price when its spot ETFs launched in November 2025. “The XRP ETFs have actually held up pretty well despite the massive pullback in price. They’ve taken in a cumulative $1.4 billion since launch,” Bloomberg ETF analyst James Seyffart wrote in a social media post.
Some of the largest holders of spot XRP ETFs include Goldman Sachs with an exposure level of $153.8 million, Millennium Management with $23.1 million, and Logan Strone Capital at $5.3 million, per Seyffart, citing data from Bloomberg Intelligence. “We only know a small portion of them [buyers/holders] because the vast majority don’t file 13Fs,” Seyffart added.
Meanwhile, the percentage of XRP’s supply not in profit sits at over 56%, data from blockchain analytics firm Glassnode shows.
“My view is that crypto ETFs are primarily an access vehicle, allowing traditional financial participants to gain exposure to digital assets. They are not, in themselves, a fundamental long-term driver of demand,” a Glassnode senior analyst, who maintains the pseudonymous X account CryptoVizArt, told Sherwood News.
“At most, they can act as a short-term catalyst for market momentum, largely by amplifying speculative interest, particularly from retail investors,” the analyst said. “Beyond that, ETFs should not be seen as a mechanism that guarantees sustained long-term demand.”
Elsewhere, Ripple’s stablecoin, RLUSD, is nearing its all-time high in market capitalization at nearly $1.59 billion, an increase from $1.28 billion at the beginning of the year.
