XRP Flashes Possible Recovery Signs With 1.93 Billion Tokens Staked

While XRP is still reflecting a daily price decline of about 12%, the sudden increase seen in its open interest during the same period suggests that investors have become positive, and they are now optimistic about a possible breakout.

Although XRP is yet to show signs of a positive price reversal, the strong on-chain performance has convinced holders that the asset might already be due for a major resurgence after the massive crypto market crash.

XRP ETFs become slow but steady

XRP ETFs have also maintained resilience as they have remained steady with fresh capital intake; however, their performance has remained weak amid broader crypto market volatility.

Although XRP has returned to the 2024 level in its price, institutional demand for the asset still remains steady yet low, suggesting that investors are still hopeful about a potential breakout in the price of the asset. During their last trading session, they have pulled in a decent $4.83 million in inflows, led significantly by the Franklin Templeton and Bitwise XRP ETF.