XRP
62.8% Of XRP Realized Cap Held By New Investors: Sign Of Fragility?
On-chain data shows a large portion of the XRP Realized Cap is in the hands of investors who got in during the last six months. Here’s what this could mean for the asset.
XRP Investors Younger Than Six Months Have Significantly Increased Realized Cap Share
In a new post on X, the on-chain analytics firm Glassnode has discussed how the Realized Cap of XRP has changed recently. The “Realized Cap” here refers to an indicator that, in short, keeps track of the total amount of capital that the holders of the asset as a whole have invested into it.
Changes in this metric, therefore, correspond to inflows and outflows that the cryptocurrency is observing. Below is the chart shared by the analytics firm that shows the trend in the Realized Cap for XRP over the last few years.
As displayed in the above graph, the XRP Realized Cap has shot up during the past few months, implying that a large amount of capital has flown into the cryptocurrency. More specifically, the asset has seen the metric double from around $30.1 billion to $64.2 billion.
In the same chart, Glassnode has also attached the data of the indicator for the young investor age groups. It would appear that the capital held by cohorts like 1-month to 3 months and 3 months to 6 months has spiked recently, which makes sense considering the growth in the aggregated Realized Cap has come during these windows.
According to the analytics firm, this short-term capital spike is a sign of retail-led momentum. The momentum appears to have cooled off, however, as the metric has no longer been growing as sharply recently.
A consequence of all the fresh capital inflows is that XRP has seen a shakeup in investor dominance. As another chart shared by Glassnode shows, the new investors, comprising all the age bands under 6 months, have witnessed their Realized Cap share blow up.
Prior to the new inflows, this cohort controlled just 23% of the cryptocurrency’s Realized Cap, but today that value has grown to 62.8%. This means that 62.8% of the entire capital invested into the coin has come at price levels of the last six months.
Given that XRP is currently trading under the prices that it has been at for most of this window, a lot of these holders would be underwater. “This rapid concentration in new holders reflects strong retail involvement – but also raises the risk of fragility, as many hold elevated cost bases,” notes the analytics firm.
From the chart, it’s apparent that these are the same conditions that led to a top during the last two bull markets. With inflows slowing down as the price declines, it’s possible that the same pattern may once again be forming for XRP.
XRP Price
With a plunge of more than 8% in the last 24 hours, XRP has retraced its latest recovery as its price has returned to $1.78.
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Ripple President Monica Long once again caught the XRP community’s attention with her comments about the latest developments. In a recent interview, Long highlighted the recent acquisition and other key insights about the blockchain firm and its products. Besides, she also predicted 2025 to be the best year for Ripple so far, which has further boosted market sentiment.
Notably, her comments come as CEO Brad Garlinhouse also lauded a recent update, signaling a stronger global push for the firm’s financial infrastructure.
Ripple President Monica Long On Hidden Road Deal
Ripple President Monica Long, in an interview with CNBC’s Arjun Kharpal, discussed the firm’s recent acquisition of Hidden Road. The blockchain firm, known for its prime brokerage services, will now play a vital role in enhancing Ripple’s core offerings—payments, custody, and asset tokenization.
Long emphasized that this move directly supports the blockchain firm’s long-standing goal of building robust financial infrastructure for enterprises. Besides, she noted Ripple’s global presence, saying they’ve built their network “brick by brick” with powerful liquidity tools and real-time settlement capabilities.
Meanwhile, she noted that the company now holds more than 60 regulatory licenses worldwide, giving it a solid advantage in delivering end-to-end financial services. Monica Long expressed particular excitement about integrating Hidden Road’s services with Ripple’s ecosystem.
She highlighted that combining prime brokerage, post-trade settlement via the XRP Ledger (XRPL), and Ripple’s institutional-grade custody can unlock major efficiencies. According to the Ripple President, these developments lay the groundwork for Ripple’s most successful year yet.
Besides, recent Ripple Director Craddock has highlighted the potential of the Hidden Road deal and explained the role of XRP Ledger (XRPL) in it.
Ripple CEO Sparks Optimism With Recent XRP Update
Monica Long underlined that Ripple’s strength lies in handling the full financial flow, from liquidity sourcing to last-mile payouts. XRP and the upcoming RLUSD stablecoin will remain central to this infrastructure. With Ripple’s growing stack of services, digital asset utility is expected to skyrocket. She also stated:
“2025 is shaping up to be the best year yet for Ripple.”
Amid the positive updates from Monica Long, Ripple CEO Brad Garlinghouse welcomed the CME Group’s move to introduce XRP Futures on May 19. He said the launch may be “overdue,” but stressed that it marks a major milestone for XRP’s market maturity. Lauding the update, Ripple CEO Garlinghouse said:
“This is an incredibly important and exciting step in the continued growth of the XRP market!”
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Altcoins
XRP, Solana, DOGE and Others Among 72 Different ETF Applications Waiting for SEC Approval: Report
Crypto firms are now waiting to hear back on 72 active applications for new crypto-related exchange-traded funds (ETFs).
James Seyffart, an ETF analyst at Bloomberg Intelligence, compiled the list of submissions to the U.S. Securities and Exchange Commission (SEC).
ETFs awaiting approval include funds tied to Solana (SOL), XRP (XRP), Sui (SUI), Litecoin (LTC), Axelar (AXL) Hedera (HBAR), BNB, Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Polkadot (DOT), Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA) and Bonk (BONK).
Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum (ETH), assets that have already been approved for inclusion in other spot ETFs.
Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, predicts that BTC ETFs will remain dominant regardless of the number of altcoin funds that are approved.
“No Second Best? Bitcoin ETFs command 90% of all the crypto fund assets globally. While a TON of alt/meme coin ETFs are likely going to hit market this year, they will only make a minor dent, Bitcoin likely to retain at least 80-85% share long-term.”
The SEC greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap, and the regulator subsequently approved Ethereum ETFs for trading last July.
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Featured Image: Shutterstock/Don White – Art Dreamer/Vladimir Sazonov
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