Traders Bet on XRP’s Price Surge As It Outpaces Ethereum and Solana
XRP, the fifth-largest cryptocurrency closely tied to Ripple, has shown a notable price increase recently, sparking optimism among traders and investors. Over the past 24 hours, XRP’s price rose nearly 5%, reaching $1.42 and outperforming major competitors like Bitcoin, Ethereum, and Solana.
Growing Optimism for Higher XRP Prices
Market sentiment appears bullish, with traders betting on further XRP price gains in March. The prediction markets indicate a 67% probability that XRP will surpass $1.50, up from 50% just the previous day. These odds are derived from event contracts available through Robinhood Derivatives, LLC, with data sourced from KalshiEx LLC and ForecastEx LLC.
Despite the recent price rally, XRP remains significantly below the $2.26 mark it reached when its spot ETFs launched in November 2025. Bloomberg ETF analyst James Seyffart commented that the XRP ETFs have remained resilient despite the overall price pullback, having amassed a cumulative $1.4 billion in assets since their debut.
Institutional Interest in XRP ETFs
Among the major holders of spot XRP ETFs are institutional investors such as Goldman Sachs, which holds $153.8 million in exposure, Millennium Management with $23.1 million, and Logan Strone Capital at $5.3 million. Seyffart noted that while some buyers and holders are identified through filings, the majority remain unknown as they do not file the standard 13F reports.
Supply and Profitability Metrics
Data from blockchain analytics firm Glassnode reveals that more than 56% of XRP’s total supply is currently unprofitable, meaning these holders acquired tokens at prices higher than the current trading level. This metric highlights the cautious environment among a significant portion of the XRP community.
A senior analyst from Glassnode, who goes by the pseudonym CryptoVizArt, shared insights with Sherwood News, emphasizing that crypto ETFs primarily serve as access vehicles. They enable traditional financial participants to gain exposure to digital assets but do not fundamentally drive long-term demand. Instead, ETFs may act as short-term catalysts by amplifying speculative interest, especially among retail investors, but should not be considered a guarantee of sustained market growth.
Ripple’s Stablecoin RLUSD Nears All-Time Market Cap Highs
Ripple’s stablecoin, RLUSD, is also showing strong performance, with its market capitalization approaching a record high. Currently valued at nearly $1.59 billion, RLUSD has grown from $1.28 billion at the start of the year, signaling increasing adoption and usage within Ripple’s ecosystem.
Broader Crypto Market Context
The recent surge in XRP’s price comes amid other notable cryptocurrency movements. Bitcoin has recently crossed back above $71,000 but is encountering resistance at this level, leading to cautious trading amid geopolitical tensions such as the ongoing conflict in Iran. Ethereum is facing challenges as well, with reports noting that over 58% of its supply is unprofitable, triggering concerns about the token’s fundamental strength.
Meanwhile, derivatives products like perpetual futures (“perps”) are expanding beyond crypto markets, drawing interest for their unique characteristics compared to conventional futures contracts.
Sherwood News is a subsidiary of Robinhood Markets, Inc. This article reflects fresh perspectives on financial news and does not necessarily represent the views of all Robinhood affiliates.