21Shares reports increased XRP demand as XRPL activity grows
21Shares reports rising demand for XRP, linking the trend to higher transaction counts, token issuance and renewed developer engagement on the XRP Ledger.
21Shares, the Swiss crypto asset manager, reported increased investor demand for XRP in recent weeks in a client note to investors. The firm linked the demand to rising activity on the XRP Ledger, or XRPL.
Flows into XRP-related products rose as on-ledger metrics moved higher, according to the note. 21Shares pointed to higher transaction counts, more trades on the XRPL decentralized exchange and an increase in issued tokens as factors drawing interest.
The firm described renewed engagement by developers and market participants on the ledger. The firm noted that market participants have responded to clearer on-chain signals such as deeper order book liquidity on the XRPL DEX and an uptick in the creation of trust lines and tokenized assets.
21Shares reported buying interest from both retail and institutional investors across several regions. Some investors are using XRP for payments and as a utility within XRPL’s native DEX and token issuance features.
The manager linked part of the increased flows to product availability and market access. Easier access to regulated exchange-traded products and custody solutions has made it simpler for investors to gain exposure to XRP while remaining within brokerage and regulatory frameworks.
The firm did not disclose specific flow figures but described demand as consistent with observable on-chain momentum. The note added that market dynamics remain sensitive to broader crypto-market conditions and regulatory developments, which can change investor appetite quickly.
The XRP Ledger is a public blockchain that offers fast settlement, a built-in decentralized exchange and support for issuing custom tokens. XRP is the ledger’s native currency and is used for transaction fees and as an on-ledger bridge currency. Developers have used XRPL to issue stablecoins and tokenized assets.
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