XRP is still struggling to regain momentum after failing to break the US$2.00 level. The general market uncertainty limits the chances of an increase, keeping the price movement in check.
Nevertheless, as the year-end approaches, interest in this altcoin is starting to rise again, supported by increased interest in exchange-traded fund products that use strategies related to XRP.
Roundhill Wants to Launch a Different XRP Exchange-Traded Fund (ETF)
Roundhill Investments, a US-based asset manager known for thematic ETFs, has filed for an updated XRP-related product with the US Securities and Exchange Commission. This filing signifies a growing regulatory acceptance of XRP as a benchmark asset in structured investment vehicles, marking an important step in its presence in the traditional financial sector.
The proposed ETF is not a spot XRP exchange-traded fund (ETF) and will not directly hold XRP tokens. Instead, this product is designed to generate income from option premiums related to other XRP-based ETFs. Practically, this mutual fund aims to achieve returns from XRP price movements, not from token ownership, with a potential launch in 2026.
Holders Are Switching to XRP in Droves
Despite these developments, existing XRP holders remain cautious. Exchange balance data shows little movement in recent days, indicating that investors are not aggressively accumulating or distributing tokens. This flat movement suggests uncertainty as market players await a clearer market direction.
Although the absence of inflows limits near-term upside opportunities, the lack of large-scale selling also reduces downward pressure. Neutral positions often indicate uncertainty rather than bearish conviction. For XRP, stability at the current level could be a foundation for the next movement after stronger signals emerge.
Want insights on tokens like this? Subscribe to Editor Harsh Notariya's Daily Crypto Newsletter here.
On-chain data shows a shift behind the scenes. The number of new XRP addresses has surged sharply, reaching monthly highs. This trend likely reflects the influx of new participants early in the year who want to gain exposure before potential catalysts, including ETF-related developments.
If these new addresses generate continuous capital inflows, macro momentum could strengthen. New participants often bring additional demand, supporting price appreciation. However, mere growth in the number of addresses does not directly guarantee bullish outcomes if not accompanied by increased transaction volume and participant retention.
At the time of publication, XRP was trading at US$1.87, barely holding above support at US$1.86. The price had moved several times in this zone, indicating a balance between buyers and sellers. Movement within this range reflects ongoing market uncertainty.
A new rally can only occur if accumulation reappears, supported by inflows from new investors. For XRP to challenge US$2.00, it must first break through resistance around US$1.93. If the price can consistently hold above that level, momentum may increase and short-term bullish expectations will strengthen.
Downside risk will remain if sentiment worsens. If it fails to hold at US$1.86, XRP could correct to the range of US$1.79. This movement could invalidate the bullish scenario and reinforce the broader market's tendency for consolidation until strong demand re-emerges.
