Despite an 18% Drop, XRP’s Exchange Supply Hits Lows—Bullish Setup Ahead?

XRP has been exchanged under pressure in recent weeks, losing most of the momentum that he built at the end of 2024 at the beginning of 2025. After reaching the maximum higher than $ 3.40, the activity recorded a drop of 18.3% in the last month, reflecting a wider softness of the market.

At the time of writing writing, XRP is significantly exchanged below its peak at a price of $ 2.06, with the activity of submissive investors and the fall of the market participation in the spots and derivative markets.

Reading Reading

The XRP chain activity slows down, but the price remains relatively stable

Among the decline of XRP, a cryptoquate analyst known as Egyhash has recently shared his analysis on Alfain in a post entitled “The XRP market paradox: with the accounting activity that enters 80%, is a rebound on the horizon?”

According to Egyhash, the market data on chain and Futures of XRP have a mixed framework: declining activity but resilience in the price. Egyhash has observed that the activity of the book Mastro XRP has decreased abruptly since December, with the percentage of active addresses down 80%.

Similar drops have been observed in the Futures market, where the open interest decreased by about 70% from its maximums and financing rates have occasionally become negative.

He added that even the estimated financial leverage report, which measures the average user lever by comparing the open interest with the reserves of coins, has significantly decreased.

Despite these indicators that indicate the weakened momentum, the Altcoin price has decreased by about 35% from its peak. This is a milder correction than other activities such as Ethereum, which decreased by about 60% in the same period.

In addition, Altcoin’s exchange reserve has continued to decrease, reaching the levels observed for the last time in July 2023. The lowest reserves generally suggest that they are available less tokens for immediate sale, a factor that can help support prices during market recessions.

According to Egyhash, this trend, together with relatively stable prices, could indicate growing long -term trust in the resource.

Institutional developments could strengthen the feeling of the market

While chain metrics remain a focus, institutional developments can also play a role in modeling the future trajectory of XRP. The investment company based in Hong Kong hashkey capital recently announced the launch of the hashkey XRP Tracker fund, the first investment vehicle focused on XRP in Asia.

Supported by Ripple as an anchor investor, the fund should move on to an negotiated fund on the stock exchange (ETF) in the future. The initiative is designed to attract more institutional capital to the XRP ecosystem.

Hashkey Capital is launching the first bottom of the XRP tracker of Asia, with @Ripple as the first investor.

This marks a big step in the expansion of institutional access to XRP, the third largest token for market capitalization. 🧵👇

– hashkey capital (@hashkey_capital) April 18, 2025

Hashkey Capital has also indicated that this collaboration with Ripple could lead to further projects, including tokenized investment products and decentralized finance solutions (Defi).

Reading Reading

Vivien Wong, partner of hashkey, underlined the strategic value of the integration of the Ripple network with investment infrastructures regulated throughout Asia.

Although Altcoin faces short -term pressure, long -term developments, including decreasing exchange reserves and the increase in institutional interest, can support its recovery while the largest market stabilizes.

Foreground image created with Dall-E, Tradingview graphic designer