Usman Salis
XRP sees a massive 46.69% spike in trading volume while sitting at $2.13, with Bloomberg now giving XRP ETFs a whopping 95% chance of approval in 2025.
XRP is having quite the moment right now. While the price might be stuck around $2.13 – down a bit from yesterday – there's definitely something brewing beneath the surface. Traders are going crazy for XRP derivatives, with volume shooting up by 46.69% in just 24 hours, according to CoinGlass data.
It's like XRP is in that classic "fight or flight" moment where everyone's watching to see which way it'll break. And honestly, there are some pretty compelling reasons why people are paying attention right now.
XRP (Ripple) Network Shows It's Got Some Serious Issues
Here's where things get interesting – and a little concerning. XRP's Network Value to Transactions ratio just hit over 280 on June 19, based on CryptoQuant's numbers. For those who don't live and breathe crypto metrics, this basically means XRP's market value is way ahead of how much the network is actually being used.
Think of it like this: if XRP were a restaurant, it would be valued like a five-star establishment but only serving as many customers as a local diner. That's usually not a great sign and often means the price might be getting ahead of itself.
But wait – there's a plot twist. The XRP Ledger just smashed its own record by processing over 1.2 million transactions in a single day. That's huge! So while the math says XRP might be overvalued, people are actually using the network more than ever before. It's like that restaurant suddenly got packed with customers, but the market hasn't quite figured out what to make of it yet.
XRP (Ripple) ETF Dreams Are Looking Pretty Real Now
Okay, this is where things get really exciting. Bloomberg just bumped up their prediction for XRP ETF approval in 2025 from 85% to a crazy-high 95%. That's basically saying "yeah, this is probably happening."
And it's not just Bloomberg getting hyped. Over on Polymarket, where people literally bet money on these predictions, the odds of an XRP ETF getting approved by the end of this year jumped to 90%. That's up 19% from where it was before.
Why all the sudden optimism? Well, the SEC seems to be actually engaging more seriously with crypto ETF applications instead of just ignoring them. People are reading this as a good sign that regulators might finally be ready to play ball.
Right now, Bitcoin and Ethereum are basically running the ETF show, but if XRP gets approved, it could shake things up big time. We're talking about giving regular investors a super easy way to get XRP exposure without having to deal with crypto exchanges or wallets.
Usman Salis
