Ripple CEO Brad Garlinghouse called it a “moment” for the industry, saying the industry deserved “the same rules and protections as every other asset class.”
Standard Chartered predicts between $4 billion and $8 billion in additional inflows into XRP spot exchange-traded funds in the United States if the bill passes. They’ve attracted about $1.4 billion since January, according to SoSoValue data.
The same difference appears on the XRP Ledger blockchain. The number of payments, automated market-making activity, and real-world tokenized assets have all hit record highs this year, while the token’s price has continued to decline. Pilots continued to pile up, including one in which Ondo, JPMorgan’s Kinexys, Mastercard, and Ripple settled tokenized Treasuries on the ledger in seconds.
Santiment highlighted the same divide, with development activity, ledger use, and institutional products advancing as social enthusiasm faded.
Exhaustion has a history. Santiment noted that some of XRP’s strongest rebounds occurred when the crowd was most disinterested, with chat volume dropping and extremely negative comments, the same pattern as today.
However, sentiment readings are a counter-current tool, not a timer. The signal indicates that the sellers who are talking have mostly stopped talking. Whether this marks a turning point will depend on whether the demand that years of waiting were supposed to generate finally manifests itself.
