XRP has outperformed Bitcoin by a staggering 277% over the past year, despite not having major XRP ETFs approved and without Defi opportunities. An expert shares that this could only be the beginning of a much greater surge to come.
XRP Outpaces Bitcoin by 277% Despite Challenges
Crypto analyst Kyle Chassé has recently spotlighted XRP’s stunning run over the past year. The token has seen a 277% rise against Bitcoin, which itself climbed by about 88% since July 2024. Market data also confirms that the XRP/BTC ratio has improved dramatically, from roughly 0.00000902 to 0.0000303.
In his analysis, Kyle noted that what makes this outperformance remarkable is that the token achieved it without a U.S.-approved XRP ETF, major treasury adoption, or native DeFi yield. Bitcoin, by contrast, had the benefit of multiple ETF launches and deeper institutional backing.
Notably, several XRP ETFs are finally on the horizon. ProShares plans to launch its Ultra XRP ETF on NYSE Arca today, 18th July, offering leveraged exposure. While a U.S. spot ETF hasn’t been approved yet, prominent names such as Franklin Templeton, Bitwise, and Teucrium all have active filings.
Meanwhile, XRP just set a new all-time high, reaching $3.66 and surpassing its previous peak of $3.40 from 2018.
In a recent post on X, cryptocurrency analyst Dark Defender urged his followers to “fasten your seatbelts”. This implies that the altcoin’s price trajectory is about to experience a parabolic spike. He emphasized the traditional cup-and-handle pattern, a bullish formation that often indicates a significant breakout is imminent.
Source: X
Institutions Double Down on XRP Investments, Bigger Rally Ahead?
Institutional demand for the altcoin has doubled, as indicated by the data in the futures market. CME reported record daily volumes for XRP and Micro XRP futures on July 11, surpassing $235 million traded in a single day.
Additionally, more companies are showing interest. According to CoinGape, Ripple has partnered with Ctrl Alt to introduce its institutional-grade custody technology to Dubai’s real estate market, enabling tokenized property titles to be securely stored on the XRP Ledger.
Furthermore, Webus International Limited established a $300 million XRP reserve earlier this month by filing a Form 6-K with the U.S. SEC. The filing comes after a strategic alliance with Samara Alpha Management LLC, which will be responsible for managing XRP’s holdings.
On the DeFi front, the XRP Ledger doesn’t yet support native staking. However, platforms like Uphold are preparing to enable users to wrap the token to earn yield. The network’s new Ethereum-compatible sidechain has attracted over 1,300 smart contracts since June, bringing the altcoin closer to the broader DeFi world.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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