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Why XRP Price Remains Down Despite ETF Success and How These Funds Could Boost XRP

Sam Wisdom Raphael
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Why XRP Price Remains Down Despite ETF Success and How These Funds Could Boost XRP

The XRP price remains down despite the success recorded by the XRP ETFs, leading to questions about how these products actually benefit XRP.

Following their launch, spot XRP ETFs witnessed massive institutional demand, leading to multiple milestones. However, this success has not translated into improved price performance.

This report discusses the reasons behind the disconnect between XRP ETF success and XRP price action, as well as how these products could actually benefit XRP in the long run.

XRP ETFs Saw a Strong Start

Spot XRP ETFs officially launched in the United States in November 2025, although some XRP futures-based products had already reached the market earlier. 

Their arrival followed a major regulatory breakthrough after Ripple finalized its settlement with the U.S. SEC around August 2025. This opened the door for several fund issuers to launch XRP-based investment products.

Canary Capital led the way with the launch of its XRPC ETF on Nasdaq on Nov. 13, 2025. The fund recorded one of the strongest ETF debuts of the year, attracting $250 million in net inflows on its first day and generating around $59 million in trading volume. 

Other issuers followed. Notably, Bitwise launched its XRP ETF on Nov. 20, 2025, while Grayscale introduced GXRP on NYSE Arca on Nov. 24, 2025. Franklin Templeton later entered the market with XRPZ/EZRP, and 21Shares launched TOXR.

Investor Demand Surpassed Expectations

Demand for XRP ETFs was strong from the start. During their first month, the funds did not record a single day of net outflows. They posted 29 consecutive days of inflows and extended their streak to 36 days without any net outflows before experiencing their first intraday outflow on Jan. 7, 2026.

By the middle of December 2025, cumulative net inflows had already reached about $1 billion, a milestone achieved in 21 days. Among crypto ETFs, only Bitcoin funds reached that mark faster. The growing interest pushed cumulative inflows beyond $1.1 billion within roughly six weeks of launch.

The trend has continued into 2026 despite a slowdown in ETF flows. Total inflows have climbed to around $1.4 billion, while ETF issuers collectively held approximately 769 million XRP by early March 2026. At press time, those holdings had increased to roughly 829 million XRP worth $978 million, per data from Sosovalue.

XRP ETFs Sosovalue
XRP ETFs | Sosovalue

Canary Capital frequently attracted the largest share of inflows last year, as XRP ETFs outperformed Bitcoin and Ethereum ETFs, which experienced periods of outflows during the same timeframe. In May 2026 alone, XRP ETFs brought in about $132 million, making it their strongest month of the year.

Currently, cumulative inflows stands near $1.44 billion. Despite their success, ETF holdings accounted for only about 1.39% of XRP’s total supply at press time.

Why the XRP Price Has Not Followed ETF Growth

Many investors expected XRP ETFs to trigger a rally similar to the one Bitcoin experienced after the launch of spot Bitcoin ETFs. However, XRP’s price has not responded in the same way. 

The token had already benefited from growing optimism throughout 2025, reaching highs near $3.65 in July of that year. Once the ETFs launched, much of the positive news had already been reflected in the price, leading to a classic sell-the-news reaction.

At press time, XRP traded at $1.18, leaving it about 67% below its all-time high and near recent lows despite the impressive ETF inflows. Several factors explain why strong fund demand has not translated into a major price recovery.

One reason involves how ETFs operate. While investors buy ETF shares, those purchases do not always require large amounts of XRP to be bought directly from exchanges. Authorized participants can use XRP they already hold or rely on in-kind creation and redemption processes. 

In addition, traders had spent months pricing in the expected benefits of regulatory clarity and ETF approvals before the products actually launched. ETF demand also tends to have a stronger impact during bullish market conditions.

Supply Limiting XRP Price Growth

Although ETF inflows have been substantial, the amount of XRP held by the funds remains relatively small compared to the token’s overall supply. With ETFs controlling only around 1.39% of circulating XRP, they have not created the kind of supply shortage needed to drive a major price surge.

Ripple’s escrow program also continues to add liquidity to the market. Every month, the company releases 1 billion XRP from escrow. While Ripple typically relocks 70% to 80% of those tokens, around 200 million to 300 million XRP still enters circulation. 

This additional supply absorbs some of the demand generated by ETF inflows. At the same time, profit-taking by large holders and distributions from long-term investors have added further selling pressure.

Broader market conditions have affected XRP’s price reaction. Following XRP’s impressive performance in 2025, many investors locked in profits. Weak macroeconomic conditions and continued correlation with Bitcoin have weighed on sentiment. 

XRP’s role as a payments-focused asset also means many users utilize it for transactions instead of holding it for long periods. As a result, ETFs currently serve more as a steady source of demand that absorbs available supply.

How XRP ETFs Could Lead to Long-Term Growth

While ETFs have not delivered the price gains many investors expected, they have still provided important benefits for XRP. 

Notably, the products have increased XRP’s credibility among institutional investors and made it easier for traditional market participants to gain exposure through familiar brokerage platforms. Investors can now access XRP without dealing directly with crypto custody or managing digital wallets.

The funds have also created a consistent source of demand, helped reduce exchange balances, improved liquidity, and increased XRP’s visibility among large investors. 

Over time, continued inflows could reduce available supply and strengthen future price moves during favorable market conditions. 

For XRP to experience a stronger price recovery, ETF inflows may need to grow enough to exceed the amount of new supply entering circulation. Greater adoption by banks, payment providers, and financial institutions could also increase demand. 

At the same time, regulatory developments such as the passage of the CLARITY Act, a more favorable macroeconomic environment driven by interest-rate cuts, and reduced dependence on Bitcoin’s price movements could improve market sentiment. 

Overall, XRP ETFs have achieved more institutional adoption than many expected and have attracted billions of dollars in inflows within a relatively short period. 

However, strong inflows alone have not been enough to overcome supply pressures, broader market conditions, and investor sentiment. 

Ripple Targets $1 Billion Revenue Run Rate by End of 2026, CEO Says

Abdulkarim Abdulwahab
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Ripple Targets $1 Billion Revenue Run Rate by End of 2026, CEO Says

Ripple expects to reach a $1 billion revenue run rate by the end of 2026, excluding the value of XRP held on its balance sheet, according to CEO Brad Garlinghouse.

Speaking on Fox Business, Garlinghouse said Ripple has continued to grow rapidly despite the lack of comprehensive U.S. crypto regulations. He noted that much of the company’s recent expansion has come from international markets.

“We expect to end this year with a billion-dollar revenue run rate, not including the XRP on our balance sheet,” Garlinghouse said. He added that demand for Ripple’s products remains strong across a wide range of customers.

Ripple Expands Despite U.S. Regulatory Challenges

Garlinghouse said clearer crypto regulations in the United States would create more opportunities for the industry. However, he stressed that Ripple has already achieved substantial growth outside the country.

He also pointed to a shift in sentiment among traditional financial institutions. According to Garlinghouse, even long-time crypto skeptic JPMorgan’s Jamie Dimon now recognizes that stablecoins could play a major role in the future of payments.

Treasury Platform Becomes Key Growth Engine

When asked about Ripple’s next major growth area, Garlinghouse highlighted Ripple Treasury as one of the company’s fastest-growing businesses.

He described the platform as a “CFO’s dashboard” that gives multinational companies a unified view of bank accounts, currencies, and liquidity positions across different markets.

Garlinghouse said more corporate finance teams are exploring how to integrate stablecoins into treasury operations. This trend creates additional demand for RLUSD, Ripple’s stablecoin, as companies look to improve payments and liquidity management.

RLUSD Breaks Into Top Ten Stablecoins

Garlinghouse also highlighted the rapid growth of RLUSD. He said the stablecoin has already become one of the ten largest stablecoins about 18 months after launch.

Ripple remains optimistic about RLUSD’s growth prospects in 2026. The company expects rising demand for digital payments and tokenized financial services to support further adoption.

Ripple Prioritizes Integration Over New Deals

While there has been speculation about additional acquisitions, Garlinghouse said Ripple’s immediate focus is on integrating the companies it acquired last year.

Still, he acknowledged that consolidation across the crypto industry remains active. Ripple intends to stay opportunistic when attractive deals emerge.

“We have a very strong balance sheet, both in dollars, stablecoins, and XRP,” Garlinghouse said. He added that the company is well positioned to pursue future growth opportunities.

Dogecoin Perfect Bottom Signal? Price Tests 5-Year Support Level

Elendu Benedict
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Dogecoin Perfect Bottom Signal? Price Tests 5-Year Support Level

Dogecoin has fallen back to one of the most important technical levels on its long-term chart, with price now sitting directly on a multi-year support.

According to an analysis from Cryptollica, this support trendline has guided the asset’s market structure since 2021. Recent downward price action has now seen Dogecoin (DOGE) once again testing this zone, which aligns with the lower boundary of a multi-year ascending channel.

While sentiment around the meme coin and the broader crypto market remains cautious, the Sunday analysis suggests the current zone could mark a turning point for DOGE, potentially setting it up for the next phase of the market cycle.

Dogecoin at Five-Year Support

An accompanying chart highlights a rising “bottom line” that has remained intact for more than five years. Since the explosive rally in early February 2021 that pushed Dogecoin from $0.037 to a high of $0.088, every major correction has eventually found support near this trendline.

Dogecoin at 5-Year Support/Cryptollica
Dogecoin at 5-Year Support/Cryptollica

For context, in June 2022, DOGE declined to a low of $0.049 before recovering. This aligned perfectly with the channel’s lower support line. A similar retest occurred in August 2023 when the token’s price briefly touched the area around $0.057. Both instances marked important turning points that preceded renewed upward momentum.

The last retest that brought DOGE close to this key support was during the February market crash. Joining a broader market trend, the meme coin dropped to $0.080 but found support around the rising trendline.

Now, the current wave of downward price action has brought Dogecoin back toward the same structural support, with its price hovering near $0.088. 

Cryptollica’s analysis suggests that the repeated reactions at this level strengthen its importance from a technical perspective. DOGE has continued to respect this trendline despite several years of market volatility, with each revisit attracting enough demand to prevent a deeper correction.

As such, the commentator suggests that a “Dogecoin perfect bottom” might be forming as in previous cases, potentially targeting a price reversal to higher resistance levels.

Major Resistance Levels to Watch Should DOGE Rebound

Although support has held historically, Dogecoin has also faced significant resistance above. Should it find support at the current “bottom line,” DOGE needs to reclaim key resistance levels before any significant recovery can take shape.

Meanwhile, the chart identifies some of them, including the resistance line at $0.15. The token peaked around this level in January before continuing its sideways trend in the following months.

After this is a mid-channel resistance zone that repeatedly rejected higher prices in 2025. Several failed breakout attempts occurred near the $0.26 to $0.30 region between February and September 2025, with DOGE eventually losing upward momentum. Before any sustained recovery can develop, the token would likely need to reclaim the channel midpoint and establish support above it.

Ultimately, a sustained rebound could push Dogecoin to the upper boundary of the ascending channel. The last time it visited this zone was in 2021 when it peaked at $0.74. According to the chart, reclaiming this trendline will see the leading meme coin finally surpass the $1 mark to around $1.50. This would mark a new all-time high for DOGE and represent a 1,604% growth from the current market price. 

In the meantime, market activity seems to be picking up again, with trading volume increasing 31% in the last 24 hours to $663 million. Open interest has also increased slightly during the same period to $1.16 billion, signaling returning derivative interest.

Dogecoin Derivative Data/Coinglass
Dogecoin Derivative Data | Coinglass

US SEC Approves T. Rowe Price’s Shiba Inu and Dogecoin ETF

Elendu Benedict
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US SEC Approves T. Rowe Price’s Shiba Inu and Dogecoin ETF

A new investment product tracking the performance of Dogecoin and Shiba Inu is nearing its market debut after receiving regulatory approval.

Specifically, this ETF comes from T. Rowe Price, a legacy asset manager with over $1.83 trillion under management. Over the weekend, the US Securities and Exchange Commission (SEC) approved the T. Rowe Price Active Crypto ETF, allowing access to a basket of digital assets including Dogecoin and Shiba Inu, two of the largest meme coins by market cap.

T. Rowe Price Active Crypto ETF Set for NYSE Arca Debut

The actively managed multi-asset crypto ETF offers exposure to between 5 and 15 cryptocurrencies at once. Its diversified format suits traditional investors seeking indirect access to multiple digital assets without the hassle of buying them individually.

T. Rowe Price first filed for the ETF in October 2025 with the US SEC. In March, the asset manager submitted an updated S-1 filing with the regulator, signaling progress in the approval process. With the latest greenlight, the ETF will soon launch on the New York Stock Exchange (NYSE) Arca.

The fund’s objective is to seek long-term capital growth via investments in digital assets. It will trade under the ticker “TKNZ” and hold cash, cash equivalents, and stablecoins for the purpose of buying “eligible” cryptocurrencies.

First US Shiba Inu ETF and Another Dogecoin Fund

Per the filing, the ETF offers access to a basket of “eligible” assets such as Bitcoin, Ethereum, XRP, and Cardano. Other notable names include community-backed tokens like Dogecoin and Shiba Inu.

For the Shiba Inu ecosystem, this is the first US ETF offering exposure to its native token SHIB. This marks a major milestone for the doggy-themed meme coin, whose enthusiasts have long clamored for traditional institutional exposure. While it is not a single-asset ETF offering exposure to the token, it is a major step toward mainstream adoption for what started as an internet meme.

However, its stay in the fund hinges on demand and performance. Since it is an actively managed ETF, the asset manager would regularly adjust allocation percentages of assets in the basket or replace them with new ones based on market realities.

The T. Rowe Price ETF is not the first fund offering exposure to Dogecoin, the largest meme coin by market cap. The token has several ETFs tracking its performance on traditional exchanges. For context, Grayscale, Bitwise, and 21Shares have all launched DOGE ETFs in the US.

Nonetheless, its inclusion in the T. Rowe Price Active Crypto ETF continues to highlight its establishment as a prominent asset in the crypto space.

Hoskinson Says Cardano Will Surpass Bitcoin, but Critics Aren’t Convinced

Lele Jima
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Hoskinson Says Cardano Will Surpass Bitcoin, but Critics Aren’t Convinced

Cardano founder Charles Hoskinson has reignited debate across the crypto industry after declaring that Cardano could eventually surpass Bitcoin.

In a recent commentary, Hoskinson argued that sustained investment and community support could help Cardano achieve the milestone of overtaking Bitcoin. In his view, continued ecosystem growth would strengthen Cardano’s long-term position in the digital asset market.

This is not the first time Hoskinson has expressed such optimism. In April, he stated that he wanted to help Cardano win and potentially push ADA to the top spot on CoinMarketCap.

Although he did not explicitly mention Bitcoin at the time, achieving the number-one ranking would require ADA to surpass Bitcoin’s market capitalization. 

Critics Question the Feasibility of the Prediction

Meanwhile, his latest remarks have renewed discussions about Cardano’s long-term prospects and whether such a feat is realistic. Many market participants remain unconvinced.

One commentator and co-founder of Glyde, known as Sweep, dismissed the claim as unrealistic. He noted that ADA would need to increase roughly 205-fold from its market cap of $6.21 billion to surpass Bitcoin’s $1.28 trillion valuation. Such a move would theoretically lift ADA’s price from approximately $0.17 to about $34.44.

Sweep further argued that the prediction appeared particularly ambitious because Hoskinson made it shortly after warning the community about a potential wave of failures among Cardano ecosystem projects. 

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Meanwhile, another critic, The Wolf of Crypto Streets, contended that no cryptocurrency can truly surpass Bitcoin as long as the broader market remains heavily dependent on BTC’s price movements. According to him, most digital assets rally when Bitcoin rises and typically suffer steeper losses when Bitcoin declines.

Recent market activity appears to support that argument. The crypto market responded positively to reports of easing geopolitical tensions in the Middle East. Amid reports that Iran and the United States would sign a peace agreement this week, Bitcoin gained 2.24% over the past day. During the same timeframe, ADA climbed 4.3%, reflecting the broader market’s positive reaction to Bitcoin’s upward movement.

Hoskinson Remains Confident in Cardano’s Long-Term Vision

Despite the skepticism, Hoskinson continues to express confidence in Cardano’s future. He has repeatedly described Cardano as the only blockchain ecosystem capable of running the world.

Nonetheless, many observers believe Cardano must address several ecosystem challenges before it can sustain the type of growth required to challenge Bitcoin.

Earlier this year, the prominent Cardano-focused platform TapTools announced plans to shut down due to financial difficulties. In addition, notable contributors, including Chicken, revealed plans to leave the ecosystem.

At the same time, Hoskinson’s decision to move Cardano’s primary discussion hub from X to Discord generated controversy within the community. Critics argued that the transition could limit open discourse and potentially slow community growth and adoption.

ADA Still Far Behind 

For now, Cardano remains well behind Bitcoin in both market capitalization and overall adoption. At press time, ADA ranked as the 13th-largest cryptocurrency, while Bitcoin remains in the top position. 

While Hoskinson continues to champion Cardano’s long-term potential, many investors remain skeptical that the project can generate the sustained growth necessary to overtake Bitcoin. 

XRP Banking Ties May Be Its Biggest Advantage, Evernorth CEO Says

Abdulkarim Abdulwahab
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XRP Banking Ties May Be Its Biggest Advantage, Evernorth CEO Says

The CEO of Evernorth, the largest public XRP treasury company, believes XRP’s biggest advantage goes beyond technology.

Speaking on a recent podcast, Asheesh Birla said Ripple’s long-standing relationships with financial institutions and regulators could help drive institutional adoption of XRP. He argued that these connections are creating the “connective tissue” between blockchain and traditional finance.

Birla also suggested Evernorth could pursue another fundraising round to increase its XRP holdings.

XRP Needs More Than Technology

Discussing XRP’s role among institutional blockchain networks such as Canton Network, Birla said critics once labeled XRP the “bank chain.”

However, he argued that working with financial institutions is necessary for blockchain to reshape global finance.

According to Birla, three ingredients are needed for mainstream blockchain adoption: strong technology, real-world connections, and regulatory clarity.

He described XRP as an efficient network for moving tokenized value. He also noted that the XRP Ledger includes a built-in decentralized exchange, a feature many investors still overlook.

Birla added that tokenization activity on the XRP Ledger is growing. He pointed to stablecoin adoption and partnerships with firms such as Franklin Templeton as signs of momentum.

Ripple’s Infrastructure Gives XRP an Advantage

Birla emphasized that Ripple spent years securing licenses and integrating with financial institutions around the world. In his view, that work creates a significant competitive advantage.

He argued that technology alone does not determine success. Birla estimates technology accounts for about 25% of the equation. Real-world financial connections make up roughly 50%, while regulation and market adoption account for the rest.

“The plumbing that Ripple laid over the years of connecting into financial institutions… that is creating this connective tissue to the real world,” Birla said.

He added that XRP is uniquely positioned at the intersection of tokenized assets, financial infrastructure, and cross-market value transfer.

XRP vs. Ethereum and Canton

Birla also compared XRP with other blockchain ecosystems. He described Ethereum as a hub for innovation and experimentation. However, he questioned whether it has developed the scale and institutional focus needed to transform global financial markets.

Regarding the Canton Network, Birla said institutional participation alone is not enough. Successful blockchain ecosystems, he argued, require a mix of retail users, developers, and institutions.

According to Birla, XRP is currently the only blockchain that combines all three groups.

Evernorth May Raise More Capital

Birla also hinted that Evernorth could pursue another fundraising round. The additional capital could be used to expand the company’s XRP exposure. In his words:

“As there become opportunities, we’ll go back out to one of the most liquid markets in the world, the capital markets, the equity markets, and do another potential fundraise to get out there and put more of that to work.”

XRP Shorts Account for Nearly 95% of All XRP Liquidations in 12 Hours

Mark Brennan
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XRP Shorts Account for Nearly 95% of All XRP Liquidations in 12 Hours

Shorts account for almost 95% of the $2.7 million liquidated in the XRP market over the last 12 hours, leading to speculation of an imminent short squeeze.

This comes as the XRP price embarks on a recovery push alongside the rest of the crypto market on the back of the U.S.-Iran peace deal. Specifically, XRP gained nearly 5% over the weekend, reaching $1.1872 before pulling back slightly to the current price of $1.804.

Shorts Dominate XRP Liquidation Data

Data provided by leading market analytics platform Coinglass shows that this sudden upward thrust resulted in massive losses for investors who continued to bet on an XRP downturn. 

Notably, over the last 24 hours, the XRP market has seen $3.7 million in total liquidations. Of this figure, short positions account for $2.54 million, representing a massive 68.6% market share.

XRP Liquidation Data Coinglass
XRP Liquidation Data | Coinglass

Interestingly, the data shows a higher imbalance in the past 12 hours, as liquidations skew almost entirely to bearish bets. Specifically, while XRP has recorded $2.68 million in total liquidated figures within this period, shorts make up $2.5 million, amounting to 94.7%.

Further data reveals that most of these liquidations occurred between 22:00 and 23:00 on June 14, which marked the peak liquidation hour. A look at the XRP charts confirms that this coincided with a period that saw XRP record a stretch of multiple green 30-minute candles.

On June 14, from 20:00 to 23:30, XRP saw a stretch of eight consecutive green candlesticks. Within this 4-hour period, the price shot up from $1.1327 to $1.1873, marking an impressive 4.82% gain, before XRP faced resistance and began consolidating around the $1.18 mark.

XRP 30m Chart
XRP 30m Chart

Short Squeeze Incoming?

While XRP appears to be taking a break at press time, bullish traders believe a short squeeze could play out if the market sees a resurgence of buying pressure. 

For the uninitiated, a short squeeze occurs when traders betting on a price drop are forced to buy back the asset to limit losses as its price climbs. This increased buying momentum further adds upward pressure, driving the price much higher in a sharp move.

Despite the surge in short liquidations, Coinglass data indicates that traders continue to bet on an XRP pullback. Notably, the XRP liquidation heatmap shows a cluster of high-volume shorts above the current price, with the largest one involving $280 million at $1.199.

XRP Liquidation Heatmap Coinglass
XRP Liquidation Heatmap | Coinglass

This suggests that if XRP’s upward trend pushes further toward the $1.20 area, the short positions around this area could be forced to unwind. If the traders holding these bets rush to buy back XRP to reduce their losses, a mild short squeeze could ensue, helping push prices higher.

However, it remains unclear if XRP can resume the uptrend. So far, the crypto asset has faced a roadblock around $1.9, as the bullish momentum weakens. This has led to higher long liquidations over shorter timeframes, with $16,210 in the last 4 hours, much higher than the $6,580 recorded by short positions.

XRP Secures Third-Largest Allocation in SEC-Approved T. Rowe Price Active Crypto ETF

Lele Jima
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XRP Secures Third-Largest Allocation in SEC-Approved T. Rowe Price Active Crypto ETF

The U.S. SEC has approved the launch of T. Rowe Price’s Active Crypto ETF, with XRP emerging as one of the fund’s most significant holdings.

Specifically, the SEC approved a rule change filed by NYSE Arca on June 12, allowing the exchange to list shares of the actively managed crypto fund. The ETF will provide institutional investors with exposure to a diversified basket of digital assets, including XRP, Bitcoin, Ethereum, Solana, Cardano, and Dogecoin. 

SEC Approves NYSE Arca Rule Change for T. Rowe Price Active Crypto ETF Featuring XRP
SEC Approves NYSE Arca Rule Change for T. Rowe Price Active Crypto ETF Featuring XRP

XRP Ranks Ahead of Several Major Cryptocurrencies

Notably, XRP is not merely included in the fund, but ranks as the third-largest asset in the portfolio. According to the index weightings assigned on Jan. 8, 2026, Bitcoin accounts for 41.87% of the basket, while Ethereum holds an 18.55% allocation. XRP follows as the third-largest holding with an 11.42% weighting.

Interestingly, XRP commands a larger allocation than several prominent cryptocurrencies, including Solana (8.66%), Dogecoin (4.51%), Bitcoin Cash (3.69%), and Cardano (3.46%). This substantial weighting highlights XRP’s importance within the ETF’s investment strategy. 

XRP Emerges as Third-Largest Asset in T. Rowe Price Active Crypto ETF
XRP Emerges as Third-Largest Asset in T. Rowe Price Active Crypto ETF

Active Management Could Alter XRP Allocation

T. Rowe Price began pursuing the ETF in October 2025 when the $1.89 trillion asset manager submitted its S-1 registration statement. NYSE Arca subsequently filed a 19b-4 application seeking permission to list the fund’s shares.

After revising the filings twice, NYSE Arca secured SEC approval for the proposed rule change. According to the initial filing, the ETF intends to manage a portfolio of between five and fifteen cryptocurrencies. 

Unlike passive index funds, the ETF’s managers can adjust allocations, rebalance positions, and modify holdings based on market conditions. Consequently, T. Rowe Price retains the flexibility to increase or reduce XRP’s weighting over time depending on the asset’s performance and broader market dynamics.

Although the SEC approved the necessary NYSE Arca rule change on June 12, 2026, the ETF has not yet begun trading. Market analysts expect the fund to launch later this year after completing the remaining regulatory and operational requirements. 

XRP Expands Presence Across Crypto Investment Products

The approval further strengthens XRP’s growing presence in institutional investment vehicles. In addition to the T. Rowe Price ETF, XRP already features in several multi-asset crypto funds, including the Hashdex Nasdaq CME Crypto Index, Bitwise 10 Index Fund, and Grayscale CoinDesk Crypto 5 ETF.

Beyond diversified products, XRP also has five standalone spot ETFs designed to track its performance. Asset managers offering these products include Bitwise, Franklin, Grayscale, Canary Capital, and 21Shares. 

Collectively, these XRP-focused funds have attracted cumulative net inflows of $1.44 billion, including $2.04 million recorded on June 12. Meanwhile, total net assets currently stand at $978 million. Although the figure remains substantial, it has declined from the $1 billion peak reached in December, largely due to XRP’s recent price weakness.

Analyst Sees Growing Institutional Positioning

Following the ETF approval, popular crypto commentator Mark Chadwick argued that institutional positioning is already underway ahead of full regulatory clarity in the United States.

Notably, he highlighted the SEC’s approval of T. Rowe Price Active Crypto ETF and the integration of Depository Trust & Clearing Corporation (DTCC) tokenization infrastructure with public blockchains as key developments supporting this view. 

In his view, these developments suggest that major financial institutions are preparing for a future in which blockchain-based assets play a larger role in traditional markets, even before lawmakers potentially pass the Clarity Act. 

Resurfaced Elon Musk Video: I Won’t Promote Crypto but Have a Soft Spot for Dogecoin

Abdulkarim Abdulwahab
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0
Resurfaced Elon Musk Video: I Won’t Promote Crypto but Have a Soft Spot for Dogecoin

A resurfaced video of Elon Musk discussing cryptocurrencies like Bitcoin and Dogecoin is making the rounds on X again. 

The clip is from a 2024 podcast interview and was recently shared by Bitcoin advocate Jack Carroll. In it, Musk warns investors not to blindly trust cryptocurrency promotions they see online.

“I’m really not going to be promoting crypto,” Musk said. “If you see me pumping crypto, it’s not me.”

He added that he sees “some merit” in Bitcoin and possibly some other cryptocurrencies. However, he once again highlighted his long-standing affection for Dogecoin.

“I sort of have a soft spot for Dogecoin because I just like dogs and memes,” Musk said.

Musk Warns About Fake Crypto Endorsements

During the interview, Musk cautioned that old or manipulated videos can be recirculated online and presented as if they are happening in real time.

“If you see a sales pitch for crypto, I would double-check whether that is real,” he said.

The resurfaced clip sparked fresh debate. X user James Volz argued that the remarks do not suggest support for XRP. According to him, neither Tesla, SpaceX, nor Musk appears to be backing XRP. Meanwhile, Bitcoin and Dogecoin continue to maintain their spot with Elon Musk and his businesses.

Dogecoin Comments Draw Fresh Attention

The resurfaced interview has also renewed interest in Musk’s relationship with Dogecoin. Earlier this year, he reignited speculation about the meme coin after suggesting that SpaceX could send a “literal Dogecoin” to the Moon as early as 2027.

Responding to an X post that revisited his 2021 pledge, Musk wrote, “Maybe next year”. He also replied “Yes” to another post claiming that “Dogecoin to the Moon is inevitable.”

While Elon Musk has repeatedly said he is not actively promoting cryptocurrencies, his comments continue to attract attention. Bitcoin and Dogecoin remain the two digital assets most closely linked to his public remarks.

Clip Resurfaces as Musk Hits $1T

Notably, the video’s return to social media comes at a historic moment for Musk. On June 12, the SpaceX founder became the world’s first trillionaire after the company’s public market debut.

SpaceX priced its IPO at $135 per share under the ticker SPCX on Nasdaq. The stock later climbed to $165, roughly 22% above its offering price. The rally pushed the company’s valuation beyond $2 trillion.

Before the listing, Musk’s estimated net worth was around $813 billion. The SpaceX surge lifted his fortune above $1 trillion.

The milestone also widened his lead over other billionaires, including Google co-founder Larry Page and Oracle founder Larry Ellison.

Dogecoin Retests Triangle Apex That Starts a Parabolic Rally Every Time

Elendu Benedict
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Dogecoin Retests Triangle Apex That Starts a Parabolic Rally Every Time

Dogecoin has repeated a chart structure that has appeared before some of its biggest historical moves, with analysts pointing to a possible price rally.

Trader Tardigrade highlighted this recurring triangle pattern visible on the monthly Heikin Ashi chart in a June 14 X post. According to him, this setup is notable because it resembles formations that emerged ahead of the 2017 and 2020 breakouts to unprecedented prices.

Dogecoin Repeats a Familiar Multi-Year Pattern

The analyst identified a clear pattern that Dogecoin (DOGE) has followed several times now. A triangle compression starts, then a breakout and apex retest, before a parabolic expansion follows.

He further highlighted three different periods where Dogecoin spent years compressing inside a symmetrical triangle before eventually breaking out. The first formation developed between 2014 and early 2017, with the token breaking out from around $0.000208 in March 2017 to $0.0187 in January 2018.

The second stretched from the 2018 high before a breakout in July 2020. The full bullish rally started in November 2020, sending DOGE from $0.0025 to its current all-time high of $0.74.

In both cases, prices gradually narrowed between rising support and falling resistance before reaching the triangle’s apex. Rather than immediately launching after the breakout, Dogecoin first revisited the breakout zone, testing it as support before beginning a much larger advance.

The latest cycle appears to be following a similar path. After breaking out in October 2024 to the peak of $0.484 in December 2024, Dogecoin entered a prolonged correction that pushed it back toward the convergence point of its multi-year triangle. The apex retest occurred following the drop to $0.077 two weeks ago.

This places the current price action near the same structural level that previously acted as support for major rallies.

Repeating Dogecoin Pattern/Trader Tardigrade
Repeating Dogecoin Pattern/Trader Tardigrade

Can History Repeat for Dogecoin?

Technical analysts often view an apex retest as a critical moment within a broader market cycle. When a former resistance structure is revisited and successfully defended, it can signal that sellers are losing control while longer-term buyers begin stepping back into the market.

The chart shows this behavior occurring in three separate cycles. In 2017, Dogecoin retested the apex area before beginning a sharp rally. A nearly identical sequence unfolded in 2020, with price returning to the breakout zone shortly before the well-known rally that followed.

Tardigrade suggests that if the historical pattern remains intact, Dogecoin could attempt another move toward higher resistance zones over the coming months. The chart shows a possible parabolic expansion towards the $3 mark, representing a staggering 3,310% increase from the current market price of $0.088.

However, confirmation remains important. Dogecoin still needs to hold above the retested support region and demonstrate renewed buying interest before any larger move can develop. Buying activity seems to be already picking up, with whales procuring 30 billion DOGE in recent weeks.

Nonetheless, failure to maintain the retested area would weaken the comparison with prior cycles.

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