XRP ETFs Hold Strong as Ripple Expands Amid Price Strain

• XRP ETF assets stayed firm even as price weakness kept broader sentiment restrained.
• Ripple widened its business reach while policy support kept the token in full view.
• Market caution persists, yet steady ETF demand keeps XRP in sharp investor focus.

XRP entered a fresh test as US exchange-traded funds tied to the token held about $1.1 billion in assets during a market downturn. Ripple also closed its long legal fight with the Securities and Exchange Commission in 2025 and kept expanding its business. At the same time, support from Washington and a new Convera partnership added momentum around the asset, even as analysts stayed divided over its recovery path.

Can steady ETF demand, political access, and business expansion lift XRP before Bitcoin returns to strength?

ETF Demand Holds While Skeptics Push Back

Ric Edelman said he does not believe XRP will regain the stature it once had. He said the SEC’s 2020 lawsuit hurt the token’s reputation badly. He described that outcome as sad and unfortunate and argued that the damage still weighs on market perception.

Even so, money has kept flowing into XRP investment products. The seven US XRP ETFs now manage around $1.1 billion in assets. Bitwise’s fund has attracted the largest share of trading activity, while its chief investment officer, Matt Hougan, said the product did not record outflows until March.

That resilience caught the attention of ETF watchers. Eric Balchunas said the inflows looked encouraging because they continued while XRP’s price stayed down. He added that the numbers remain small next to Bitcoin funds, yet still compare well with many other ETFs. He also said Bitcoin products are a freak of nature and should not be the benchmark.

Edelman did not share that view. He argued that the buyers moving into XRP ETFs are the same investors who still expect the token to reclaim its former standing. In his view, the flows remain positive but too small to settle the larger question around XRP’s long-term relevance.

Policy Support Meets a Tough Market

Still, XRP has gained support from the current political climate. President Donald Trump included XRP in the government’s strategic digital asset reserve announcement in March 2025. That move placed the token inside a wider push to position the United States as the crypto capital of the world.

Ripple also deepened its links to that policy effort. The company donated to Trump’s campaign, and its executives attended White House events focused on crypto policy. In February, Ripple Chief Legal Officer Stuart Alderoty joined other industry leaders in talks with banking chiefs on market structure legislation.

Trump later backed the industry again when he called for the bill to pass. Even so, analysts said XRP still depends on broader market conditions. Balchunas said the token probably needs Bitcoin to recover first. He added that XRP remains one of the top tokens in the ecosystem and one to watch among altcoins if Bitcoin reaches new highs again.

For now, the wider backdrop remains difficult. Bitcoin trades far below its October peak, and fears over high interest rates continue to weigh on risk assets. The war in Iran has added another layer of pressure. Polymarket traders also show caution, with odds placing XRP’s chances of falling below $1 at 76%.

Related: Bill Morgan and Zach Rynes Clash in Fresh XRP Value Debate

Ripple Expands Through Convera Partnership

Meanwhile, Ripple has continued to grow its commercial business. Convera announced a strategic collaboration with Ripple to offer crypto-enabled payment and treasury services for businesses. The deal links one of the largest commercial payments firms with a major blockchain infrastructure provider at a time when corporate interest in digital payment rails keeps evolving.

Convera Chief Executive Patrick Gauthier said the company had taken a measured approach as digital currencies and stablecoins gained wider use. He said Convera listened to customers and watched the market mature before moving ahead. He also called Ripple a trusted and visionary partner that could help the company meet customer demand.

The announcement added a business expansion angle to XRP’s broader market story. While ETF flows show investor appetite, Ripple’s work with Convera points to growing enterprise use around digital finance tools. That mix of investment demand, policy attention, and business development has kept XRP in focus, even while its price remains under pressure.