- XRP is the latest crypto darling of corporate treasuries.
- Investors continue to hold XRP despite its price struggles.
- Analysts and crypto bettors split on price prospects.
If adoption by companies with deep pockets was enough to move markets, XRP would be flying right now.
XRP is down 5% in the last 24 hours and traded at $2.20 on Friday, even after two firms — VivoPower, a Saudi clean energy company, and Webus, a Chinese ride-hailing startup — said this week they were going to stockpile the cryptocurrency.
“XRP benefits from a mix of strong industry adoption and speculations about XRP exchange-traded fund approvals,” analysts at B2BInPay, a crypto business payment company, told DL News before the corporate XRP treasury announcements were made.
Yet, despite a combined $421 million in corporate buying interest from VivoPower and Webus, the market reaction for XRP has been muted.
It may be that XRP has been swept up in the latest round of investor uncertainty around President Donald Trump’s tariff policy.
Muted rally
Still, even though Bitcoin has ticked up 13% this year and hit a new all-time high, XRP has rallied just 4.8%, according to CoinGecko data.
B2BInPay analysts said short-term price fluctuations are normal for XRP but the cryptocurrency is “well-positioned to break key resistance levels.”
They aren’t the only ones who are optimistic.
David Siemer, CEO of Wave Digital Assets, predicts XRP will reach its all-time high of $3.40 this year.
“XRP will perform pretty well, the army is real, they believe, and they are going to keep buying,” Siemer said during a recent appearance on The Milk Road Show.
True believers
For the so-called XRP army of true believers, it’s an anxious wait for the Ripple-designed cryptocurrency’s second act.
That’s because onchain data from Glassnode shows that more than 70% of investments in XRP happened during the height of the price rally in January.
For now, those investors appear willing to hold on to their XRP bags, unwilling to sell at a loss.
Onchain data shows an increase in dormant XRP supply; XRP tokens from investors in the last six months that haven’t moved.
The wait might extend farther than this year.
Bettors on the cryptocurrency market crystal ball Polymarket have only given XRP a 46% chance of its price reaching its all-time high in 2025.
Polymarket bettors used to be more optimistic and even gave that option a 66% chance earlier in May.
Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him atosato@dlnews.com.
