XRP Trading Activity Soars on Bitrue
Bitrue, a cryptocurrency exchange, has observed a notable increase in XRP trading, attributing this rise to strong retail spot purchases and consistent ETF inflows.
In a recent statement, Bitrue noted that spot purchases surged between February 23 and 24, even as the broader cryptocurrency market continues to face volatility.
The exchange speculated that this resurgence in demand, along with what they describe as steady ETF inflows, could potentially tighten the supply of XRP and pave the way for a more robust second quarter.
Leading the Charge: Retail Purchases
Bitrue reported that the volume of XRP spot purchases from retail users skyrocketed by 212% from February 23 to 24, with buying significantly outpacing selling activities. While they didn’t provide exact volume numbers, this change in trading behavior is seen as a remarkable shift after a rough patch in mid-February.
The exchange highlighted realized losses—an on-chain metric indicating losses incurred when a trader sells a coin for less than what they paid—as evidence of a “shakeout.” They stated that XRP traders experienced around $1.93 billion in realized losses during mid-February.
In simpler terms, this implies that many short-term holders opted to sell after seeing unfavorable price movements, which could mean that the market may stabilize as these weaker holders exit.
Bitrue suggested that similar downturns in earlier cycles don’t necessarily signify lasting damage to the market structure.
They didn’t specify historical dates or returns but pointed out that strong rallies in the past were often preceded by significant rebounds.
Linking ETF Developments to Demand
Bitrue connected this rise in spot demand to ongoing institutional interest following the launch of the XRP ETF.
According to the exchange, the XRP ETF, which premiered on November 14, has gathered $1.1 billion in net assets, while only registering five days with positive inflows and outflows each week.
Bitrue compared this to “other major crypto ETFs,” noting that Bitcoin products have dropped by $1.3 billion since the year’s start. They interpret this discrepancy as capital turnover rather than a sign of investors giving up.
While these statistics are specific to Bitrue and cannot be independently verified, the exchange suggests a possible tightening of supply, where the number of tokens available for trading could diminish as demand rises.
If current patterns persist, Bitrue predicts that XRP could outperform its “major competitors” in the second quarter of 2026.
“A sustained breakout above $1.40-1.47 could lead to a recovery towards $1.60-1.80 in the near term, provided that volume supports it and that factors like ETF inflows or regulatory changes occur,” offered Andri Fauzan Azima, senior research lead at Vitrue.
On a business front, Bitrue mentioned that it is refining its short-term strategy to better position itself as a liquidity hub for the XRP Ledger (XRPL), which is a blockchain network dedicated to XRP and associated with payments and token activities.
The exchange indicated its plans to bolster support for XRP and other assets within the XRPL ecosystem, including RLUSD, which it currently uses as its primary trading pair.
