Analyst Says ‘This Is the Fastest Road to a Higher XRP Price’ — All Other Options Are Much Longer

XRP analyst Chad Steingraber argues that ETF-driven demand is now the primary force capable of pushing XRP’s price higher in the near term.

In a new series of posts, he states that the speed of ETF accumulation is outpacing all other catalysts. To him, this makes ETFs the most direct path toward a major price breakout for XRP.

Accelerating XRP ETF Accumulation

In his first update, Steingraber pointed to Bitwise’s expanding XRP position, noting that the firm now holds more than 80.5 million XRP, worth approximately $178.8 million. This latest figure builds on the firm’s new inflow of $7.46 million on Wednesday, the largest among all providers.

Notably, since launching last week, the Bitwise XRP ETF has continued to register new investments, with no outflows recorded yet. Meanwhile, a similar trend is visible across other XRP ETFs.

Bitwise XRP updates it holdings…

Now over 80,5Million XRP AUM https://t.co/4PJIGZF9xq pic.twitter.com/JNOSPjbqm6

— Chad Steingraber (@ChadSteingraber) November 27, 2025

Canary Capital saw a $5.21 million inflow yesterday, bringing its assets under management to $336.98 million. Likewise, Grayscale and Franklin Templeton recorded inflows of $4.32 million and $4.83 million, bringing their AUM to $84.68 million and $76 million, respectively.

Cumulatively, XRP ETFs now hold $676.49 million in total assets. This comes just nine trading days after the first XRP ETFs launched, underscoring how quickly institutional positions are forming.

According to Steingraber, this pace will grow even faster as more funds enter the market. With three additional ETFs set to become active soon, he projects that average daily ETF share volume could rise by another $35 million.

This would place total daily ETF trading in the $75–$80 million range, significantly increasing the amount of XRP issuers must acquire.

The Daily XRP Drain

Based on these volume levels, Steingraber estimates that the combined ETFs could eventually need between 20 and 30 million XRP per day. Even using the conservative end of that range, he illustrates the accumulation timeline:

Seven funds acquiring 20 million XRP in a single day would mean 100 million XRP across five trading days. Over one month, this could reach 400 million XRP, and 4.8 billion XRP over the course of a year.

Steingraber argues that it will not take a full year for this to affect the market. If prices do not rise sharply, the supply shock could become visible within months.

Why This Path “Is Faster Than Any Other”

Steingraber argues that no other catalyst — including utility growth, partnership news, or a broader market bull run — can match the speed of ETF-driven absorption.

The rate at which institutional funds are pulling XRP off the market is, in his view, unprecedented compared to previous adoption phases.

ETFs act as a direct pipeline between investor capital and XRP’s circulating supply. As inflows scale, issuers must acquire more XRP to back new shares. This tightens supply even when spot markets appear quiet due to OTC purchases and delayed T+1 settlement cycles.

Visible Impact May Arrive Suddenly

Despite growing ETF holdings, XRP continues to trade around the $2 range, partly because early demand does not immediately reflect on exchanges. Commentators believe this is because XRP OTC buying masks buying pressure until accumulation becomes large enough to strain available liquidity.

Steingraber suggests that once all seven ETFs are fully active and daily acquisition reaches the projected 20–30 million XRP range, the market will begin to feel the supply squeeze far more quickly. If prices remain low into this phase, the timeline to a supply shock shortens significantly.

According to Steingraber, this is why ETF-driven demand is “the fastest road” to a higher XRP price — and why all other paths, regardless of merit, will take much longer to influence the market at scale.