XRP has massively outperformed Bitcoin over the past year without treasury backing and ETFs. What happens now that it’s getting both?
Good Alexander, a crypto commentator who describes himself as a financial cyberpunk, recently made this bullish observation surrounding XRP on X.
He pointed out that XRP managed to surge past Bitcoin over the last year without the usual institutional support like ETFs or treasury backing. Now that those same advantages are finally coming to XRP, analysts are questioning how far it could run.
XRP Surged 273% Against Bitcoin Without ETFs or Treasury Backing
Market data confirms this claim. Specifically, in early July 2024, XRP traded at $0.4753. At the same time, Bitcoin held a price of $62,676. This placed the XRP-to-Bitcoin ratio at roughly 0.000007583. Now, a year later, Bitcoin has climbed to $118,114, gaining a solid 88% over the year.
However, XRP performed better. Notably, its price jumped to $3.02, representing an explosive 535% increase. This massive growth pushed the XRP/BTC ratio up to 0.00002556. Essentially, XRP didn’t just gain in dollar terms; it also rose 237% against Bitcoin.
This kind of performance is rare, especially when you consider that Bitcoin had the help of multiple ETF listings and widespread adoption in institutional treasuries. XRP achieved more with less.
Alexander noted the difference. XRP’s rally came without the things that usually drive large-scale investor interest: no ETF exposure in major U.S. markets, very few companies holding it in treasury reserves, and no native way for users to earn passive income through yield. Now, it is on the verge of welcoming these features.
XRP ETFs and Treasury Backing
For instance, several XRP ETFs are now entering the market. ProShares will launch its Ultra XRP ETF on NYSE Arca on July 18, offering 2x leveraged exposure to XRP futures. Further, Grayscale is pushing to convert its digital large-cap fund, which contains XRP, to an ETF.
While U.S. regulators haven’t approved a spot XRP ETF yet, large Institutions like WisdomTree and Franklin Templeton already have applications under review. Meanwhile, in Canada, spot XRP ETFs are active on the Toronto Stock Exchange and are drawing in serious institutional flows.
On top of that, XRP is starting to gain attention from companies building crypto reserves. For one, Everything Blockchain recently committed $10 million to a mixed treasury that includes XRP.
Also, Trident announced a $500 million XRP treasury plan. Webus International filed with the SEC to build a $300 million XRP reserve. Others like VivoPower, Wellgistics Health, and Ault Capital also shared plans to hold XRP.
XRPL Welcoming More Tools
In addition to this, more tools are arriving on the XRPL. While native staking on the XRP Ledger still isn’t live, platforms like Uphold, working with Flare Network, are preparing to roll out yield programs. These programs will let users wrap XRP and stake it to earn passive income through DeFi services.
Moreover, the network took another big leap with the launch of its Ethereum-compatible sidechain. Since June 30, 2025, developers have deployed more than 1,300 smart contracts. The sidechain also allows XRP to work smoothly with Ethereum-based apps and services.
Further, Ripple has also entered the stablecoin space. Last December, it launched RLUSD, a U.S. dollar-pegged stablecoin built for institutions. Most recently, Ripple confirmed that BNY will be the primary custodian of the reserves backing RLUSD. Interestingly, the coin has already reached over $517 million in market cap.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
