XRP and Ripple remain in focus following news of the SEC intending to withdraw its appeal against the Programmatic Sales of XRP ruling. This shift clarifies XRP’s status in secondary market transactions and paves the way for a potential US XRP-spot ETF market.
On March 24, Coinshares released its latest Weekly Crypto Asset Flow report. Notably, the crypto market recorded net inflows in the week ending March 21, the first in six weeks. XRP ranked second, with inflows of $6.7 million. Despite the recent weekly inflows, monthly outflows remain significant at $548.8 million.
Last week’s inflows may reflect rising bets on a US XRP-spot ETF market. According to Polymarket, a crypto-betting platform, the chances of an XRP-spot ETF approval by December 2025 stood at 86% on March 24, up from 57% in January.
Institutional demand for XRP could surge if ETF filings gain regulatory approval. Edo Farina, founder of Alpha Lions Academy, remarked:
“XRP Supply Shock will happen quickly and abruptly. Prepare now or cry later.”
This potential supply shock may stem from Ripple US growth plans. Farina shared a 2014 Ripple paper outlining how widespread Ripple’s XRP Ledger (XRPL) adoption could boost XRP demand.
Rising US adoption of Ripple products and institutional demand could fuel the next XRP rally.
Ripple CEO Brad Garlinghouse commented on the significance of the shifting US regulatory landscape:
“As I said today on Mornings Maria, I strongly believe we are UNDERESTIMATING what it means to unlock the US market through upcoming crypto legislation as well as previous guidance/statements rescinded from the SEC and OCC allowing FIs to work with crypto. With 4+ years of headwinds behind us – the US is ready to reclaim its leadership position.”
On Monday, March 24, XRP advanced by 0.44%, following Sunday’s 2.95% gain, closing at $2.4518. Despite the gains, XRP underperformed the broader market, which rose 2%, taking the total crypto market cap to $2.82 trillion.
Key factors influencing XRP’s price outlook:
Read expert analysis on what could drive XRP to new highs here.
XRP’s climb toward $2.5 came as bitcoin (BTC) rallied amid improving demand conditions.
On March 24, the founder and chairman of MSTR announced the acquisition of 6,911 BTC for $584.1 million at an average price of $84,529 per BTC. The firm’s holdings now total 506,137, worth around $33.7 billion, with an average entry price of $66,608 per BTC.
The purchase coincided with a rebound in demand for US BTC-spot ETFs. In the week ending March 21, the US BTC-spot ETF market reported net inflows of $744.3 million, snapping a five-week outflow streak. Rising institutional demand supported BTC’s price recovery from a March 11 low of $76,642.
On March 24, the US BTC-spot ETF market extended its inflow streak to seven sessions. According to Farside Investors:
Excluding pending flow data for iShares Bitcoin Trust (IBIT), the US BTC-spot ETF market recorded $66.1 million in net inflows after $83.1 million of inflows on March 21.
Upbeat US services PMI data and tariff developments boosted risk sentiment. The S&P Global Services PMI jumped from 51.0 in February to 54.3 in March, signaling a resilient US economy. Meanwhile, President Trump indicated more targeted reciprocal tariffs and softer tariff plans for certain countries.
US equity markets rallied, with the Nasdaq Composite Index soaring 2.27% on March 24.
On March 24, BTC rose 1.63%, adding to Sunday’s 2.74% rally to close at $87,524.
Potential scenarios:
Legislative backing relates to the Bitcoin Act. Senator Cynthia Lummis reintroduced the Bitcoin Act on March 11. If passed, the bill would authorize the US government to acquire one million BTC over five years, with a 20-year mandatory holding period.
Several themes are likely to influence the crypto landscape:
While the SEC’s latest move offers short-term relief, investor confidence will depend on the clarity and consistency of broader regulatory frameworks.
Stay updated with our latest insights here.
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.