Grayscale ranked XRP (XRP) as the second-most-discussed cryptocurrency asset after Bitcoin (BTC), with the firm's head of product and research telling a Ripple community event that advisors field constant client inquiries about the token and that investors view the XRP Ledger as a "battle-tested blockchain" positioned to capture market share.
What Happened: Grayscale Highlights XRP Demand
Rayhaneh Sharif-Askary, Grayscale's head of product and research, made the remarks during Ripple Community Day, describing XRP's following as a broad community with "diehard fans." She said much of the enthusiasm stems from persistent demand for investment products tied to the asset.
Sharif-Askary added that XRP's growth may have been held back by lagging product-market fit and regulatory challenges but predicted that positive community sentiment could shift the narrative.
Separately, ETF analytics data showed that while most crypto investment funds recorded a fourth consecutive week of outflows, XRP-linked products attracted $33.4 million in positive flows.
Bitcoin and Ethereum (ETH) investment products lost $133 million and $85 million, respectively, over the same period.
Also Read: What Keeps Ethereum Trapped Below $2,000?
Why It Matters: XRP Defies Broader Outflow Trend
The inflow figures stand out against a broader market backdrop of declining sentiment. Analysts have pointed to XRP's recent 16% rally as evidence that the asset may be decoupling from larger-cap cryptocurrencies.
At the time of reporting, CoinMarketCap data showed XRP trading near $1.45, down slightly over the previous 24 hours. Market experts nonetheless forecast a bullish breakout in XRP's price trajectory over the coming weeks.
Read Next: Bitcoin Accumulation Hits Record 372K BTC — Is A Bounce Coming?