Nikolas Sargeant
XRP has emerged as the second-most-discussed cryptocurrency asset within Grayscale's community after Bitcoin, reflecting strong engagement from the XRP community despite broader market bearishness, according to comments from the asset management giant's Head of Product and Research.
Rayhaneh Sharif-Askary stated during Ripple Community Day that XRP maintains a broad, vibrant community with "diehard fans" who consistently drive conversations about the asset. Grayscale advisors have reported clients frequently inquire about XRP exposure, with the asset ranking as the second-most-discussed cryptocurrency behind Bitcoin in many instances.
Sharif-Askary revealed that significant excitement surrounding XRP stems from persistent demand for products linked to the asset. Investors view the XRP Ledger as a "battle-tested blockchain that has a real opportunity to capture market share" and are seeking methods to access the ecosystem through investment vehicles.
The Grayscale executive believes the narrative and price sentiment surrounding XRP will shift positively. While the asset's growth has been constrained by delayed product-market fit and regulatory challenges, sustained community support is positioned to reshape the broader market perspective on XRP's fundamentals.
Sharif-Askary's observations about positive community sentiment align with recent investment product flows. While most cryptocurrency funds recorded a fourth consecutive week of outflows, products tied to XRP saw positive inflows, contrasting sharply with Bitcoin and Ethereum.
Bitcoin and Ethereum investment products experienced losses of $133 million and $85 million respectively last week, while XRP attracted over $33.4 million in inflows with relatively steady demand. The divergence suggests selective investor interest favoring XRP despite widespread market weakness affecting larger-capitalization assets.
XRP emerged as among the top gainers over the previous weekend, rallying over 16% amid predictions the Ripple-associated asset may be decoupling from broader cryptocurrency market movements. At the time of writing, XRP was trading around $1.45 with a slight decline over 24 hours, though market analysts forecast a bullish breakout in the asset's price trajectory over coming weeks.
The positive sentiment occurs as regulatory clarity around XRP has improved following Ripple's partial legal victory against the Securities and Exchange Commission. The court ruling that XRP sales on secondary markets do not constitute securities offerings has removed significant regulatory overhang that previously suppressed institutional interest.
