XRP has risen nearly 5% in the past 24 hours to $1.42, outperforming bitcoin, ethereum and solana. Prediction markets show 67% odds of it exceeding $1.50 in March. Despite the gains, over half of its supply remains at a loss.
XRP, the cryptocurrency associated with Ripple and ranked fifth by market size, traded at $1.42 after a nearly 5% increase over the last 24 hours, surpassing gains in bitcoin, ethereum and solana.
Traders have grown more optimistic, with the probability of XRP climbing above $1.50 in March reaching 67% on Tuesday, up from 50% the previous day, according to prediction markets. These event contracts are offered through Robinhood Derivatives, LLC, with probabilities sourced from KalshiEx LLC or ForecastEx LLC.
The token's price remains well below $2.26, the level at the launch of its spot exchange-traded funds (ETFs) in November 2025. Bloomberg ETF analyst James Seyffart noted on social media: “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.”
Major holders of these ETFs include Goldman Sachs with $153.8 million in exposure, Millennium Management with $23.1 million and Logan Strone Capital with $5.3 million, based on data from Bloomberg Intelligence cited by Seyffart. He added: “We only know a small portion of them [buyers/holders] because the vast majority don’t file 13Fs.”
Blockchain analytics firm Glassnode reports that more than 56% of XRP’s total supply is not in profit. A senior Glassnode analyst, who uses the pseudonym CryptoVizArt on X, told Sherwood News: “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.” The analyst continued: “At most, they can act as a short-term catalyst for market momentum, largely by amplifying speculative interest, particularly from retail investors. Beyond that, ETFs should not be seen as a mechanism that guarantees sustained long-term demand.”
Separately, Ripple’s stablecoin RLUSD has approached its all-time high market capitalization of nearly $1.59 billion, up from $1.28 billion at the start of the year.
