During the last year, XRP’s price has outrun Bitcoin’s by a staggering 277%. The absence of significant XRP ETFs and DeFi opportunities that normally catalyze growth could XRP spreadsheets glaring misses.
Renewed faith and underlying demand obviously XRP outperforming traditional benchmarks. Some speculate increased institutional interest, use case expansion, regulatory clarity, and upcoming sustained growth.
Unlike Bitcoin, XRP focuses on swift, budget-friendly international transactions. This puts him in a lane of his own in the crypto world. Because of this, many analysts anticipate a bright future which ironically affirms that XRP’s now persisting bullish rally is the beginning of a multi-year explosive price rally.
XRP Outpaces Bitcoin by 277% Despite Challenges
As highlighted by crypto analyst Kyle Chassé, XRP has performed exceptionally well over the last year, increasing by 277% relative to Bitcoin, which itself grew around 88% since July 2024.
Although XRP does not have a U.S.-approved ETF, significant treasury adoption, or native DeFi yields like Bitcoin does, the XRP/BTC ratio increased from 0.00000902 to 0.0000303.
XRP ETFs ProShares Ultra XRP ETF, set to trade today on NYSE Arca, alongside Franklin Templeton, Bitwise, and Teucrium who have active filings, are set to change that narrative.
Moreover, XRP has hit new all time highs of 3.66, surpassing its 2018 peak. Dark Defender commented on this growth warning followers to “fasten their seatbelts” as he expects parabolic price breakout due to bullish cup-and-handle pattern.
Institutions Double Down on XRP Investments, Bigger Rally Ahead?
As noted in the futures market, there is a two-fold increase in institutional demand for the altcoin. CME on July 11 reported unprecedented daily volumes of XRP and Micro XRP futures with over $235 million traded in a single day.
According to CoinGape, Ripple is reported to partner with Ctrl Alt to integrate custody technology with Dubai’s real estate market which will allow for tokenized property titles to be securely stored in the XRP Ledger, marking new institutional interest as well.
Webus International Limited also established an XRP reserve worth $300 million earlier this month by submitting a Form 6-K to the U.S. SEC. This filing follows a strategic partnership with Samara Alpha Management LLC, who will manage the holdings of XRP.
Regarding DeFi, XRP Ledger does not currently allow native staking. Nonetheless, some platforms, like Uphold, are looking to allow users to wrap the token to earn yield. Since June, over 1,300 smart contracts have been deployed on the altcoin’s new Ethereum-compatible sidechain which brings it closer to the rest of DeFi.
