XRP Holds Surge 11% to 6.26 Million as ETF Launch Boosts Institutional Interest

Ripple's XRP network has seen a significant surge in user activity, with over 6.26 million addresses now holding at least one XRP. This marks an all-time high for the network, indicating strong investor conviction despite recent market volatility. The increase in addresses holding XRP suggests that investors are accumulating the token, viewing the current dip as a buying opportunity. This bullish sentiment is further supported by the recent successful launch of the XRP ETF in the US, which recorded $5 million in volume on its first day. The ETF launch has injected fresh optimism into the XRP market, signaling growing institutional interest in the asset.

According to on-chain analyst Ali Martinez, the rise in XRP holding addresses is a clear indication of investor confidence in the long-term trajectory of Ripple’s native asset. The data shows that holders are accumulating XRP, seeing the dip as a buying opportunity. Many view the token as undervalued, especially in light of Ripple’s recent wins and expanding ecosystem. The ETF launch appears to be a major catalyst for this bullish sentiment, as it has shown that there is significant institutional interest in XRP.

The successful launch of the XRP ETF in the US has been a major catalyst for the recent bullish sentiment surrounding XRP. The ETF, which is a 2x leveraged product, recorded $5 million in volume on its first day. This debut volume was nearly four times higher than that of the 2x Solana ETF, which launched recently but saw far less volume. The ETF launch has injected fresh optimism into the XRP market, signaling growing institutional interest in the asset. Despite the positive developments, XRP's price remains under pressure, but the launch success shows that XRP is carving out its space in the ETF landscape.

The recent developments in the XRP market, including the surge in holding addresses and the successful ETF launch, indicate that investors are betting on the long-term trajectory of Ripple’s native asset. The data shows that holders are accumulating XRP, seeing the dip as a buying opportunity. Many view the token as undervalued, especially in light of Ripple’s recent wins and expanding ecosystem. The ETF launch has injected fresh optimism into the XRP market, signaling growing institutional interest in the asset. Despite the recent price crash, the increase in holding addresses suggests that investors are still accumulating the token at a lower value, indicating strong investor conviction in the long-term trajectory of XRP.