Ripple CEO Brad Garlinghouse called it “the moment” for the industry and said the industry deserved “the same regulations and protections as any other asset class.”
Standard Chartered expected $4 billion to $8 billion in additional inflows to US spot XRP exchange-traded funds if the bill passes. They have attracted about $1.4 billion since January, according to SoSoValue data.
The same discrepancy shows up on the XRP Ledger blockchain. Payment numbers, automated market making activity, and real-world tokenized assets all hit records this year, while the token’s price continued to fall. Pilot projects kept piling up, including one that had Ondo, JPMorgan’s Kinexys, Mastercard and Ripple settle tokenized government bonds over the ledger in seconds.
Santiment pointed to the same divide, where development activity, ledger use, and institutional products evolved as social enthusiasm faded.
The exhaustion has a history. Santiment noted that some of XRP’s strongest rebounds came when the audience was at its most disinterested, with discussion volume dropping and comments overwhelmingly negative, the same setup as now.
However, sentiment metrics are an adversarial tool and not a timer. The signal indicates that the sellers who are talking have mostly stopped talking. Whether it marks a turning point depends on whether the demand that years of waiting were supposed to unlock finally emerges.
