The $XRP story is a strong reminder that positive headlines don’t always translate into price appreciation.

Despite regulatory progress, ETF launches, Ripple’s expansion, and growing XRPL activity, $XRP remains roughly 72% below its 2025 peak.

The bigger question is demand.

Institutional ETF inflows have cooled while supply continues entering the market through escrow releases.

For $XRP, the next major move may depend less on another headline and more on whether sustained demand can finally absorb the available supply.

That’s the key metric I’m watching.