Why XRP Just Got $2.17B in Hot Capital…And What That Means

by

So, guess what? XRP, the cryptocurrency that’s practically glued to Ripple Labs, has decided to get a little wild. According to some fresh stats from Glassnode, the blockchain analytics platform that’s always looking for juicy data, XRP’s “hot capital” just went through the roof. I mean, who’s not interested in a good hot capital surge? It’s like a rollercoaster ride for your wallet.

In fact, this hot capital – which is just fancy talk for short-term investment inflows, or as I like to call it, “money burning a hole in investors’ pockets” – went from $0.92 billion on April 20 to a stunning $2.17 billion by April 28. That’s a 134.9% increase in, like, a week! You know, nothing too crazy, just a casual few billion dollars showing up. Who’s keeping track, right?

Now, what is hot capital exactly? Well, it’s basically cash that’s hanging around for less than a week, making speculative trades that could either skyrocket or crash and burn. These are the thrill-seekers of the crypto world, and they’re definitely keeping things interesting. If you want a quick glance at how excited everyone is about XRP right now, just check out the Realized Cap by Age chart from Glassnode. The chart’s darker shaded areas (you know, the ones that scream “I’m temporary!”) have grown bigger, which means short-term traders are jumping back in. Sounds fun, right?

But… Not Quite There Yet

Despite the big increase, XRP’s hot capital still isn’t anywhere near its peak. Back in December 2024, it was a whopping $7.66 billion. Almost 72% higher than what we’re seeing now. So, while it’s cute that we’re at $2.17 billion, XRP is still a far cry from its glory days. But hey, you gotta start somewhere, right?

Even though it’s not back to the peak, things are looking up for XRP. Short-term investors are starting to get interested again, thanks to some nice moves in the broader crypto market and a few developments in XRP’s little corner of the universe. So yeah, maybe not fireworks yet, but a few sparklers. I’ll take it.

Regulation: The Fun Killer

Ah, but there’s always a catch, isn’t there? In this case, it’s the regulatory delays. Apparently, the U.S. Securities and Exchange Commission (SEC) is taking its sweet time with deciding on the XRP ETF application from Franklin Templeton. That’s right, the SEC is dragging its feet on the matter like it’s waiting for a bus that’ll never come.

But here’s the kicker: despite that delay, the XRP community is still totally on board. According to CoinMarketCap’s sentiment tracker, a solid 88% of XRP holders are all in with a bullish outlook. Because why not? It’s not like they have any other choice at this point.

Read More

2025-04-30 05:42