XRP Price today

XRP had a minor liquidation of 4.75 million USD over 24 hours, with long traders losing 2.39 million USD while short traders lost 2.37 million USD. Conversely, Dogecoin recorded a total liquidation of 3.73 million USD, where short traders faced greater losses.

XRP is expected to keep a strong position against Ethereum, bolstered by the potential approval of an XRP ETF by the SEC. Market analysts suggest that this approval could further elevate XRP’s performance in the coming months.

VanEck is set to launch the NODE ETF on May 14, which will invest in crypto-related companies, aiming to hold 30 to 60 stocks in the digital asset sector.

VanEck’s established Bitcoin ETF, HODL, has $1.2 billion in assets. This growth illustrates the rising interest in ETFs that track Bitcoin among retail and institutional investors.

With NODE, investors can gain exposure to the digital economy linked to Bitcoin, Solana, XRP, and Litecoin without directly purchasing these cryptocurrencies.

On April 13, 2025, the Mantra OM token suffered a 90% crash, dropping from 6.35 USD to 0.37 USD, and its market cap fell to 683 million USD. CEO John Patrick Mullin linked the decline to reckless liquidations, while conspiracy theories emerged amid a drop in investor trust.

In contrast, XRP is now seen as a frontrunner for ETF approval, leading with 10 applications as major firms submit proposals. Teucrium launched a 2x leveraged ETF for XRP, XXRP, which garnered over 5 million USD in trading volume on its opening day.

The sentiment in the crypto market remains polarized due to the contrasting signals from Mantra’s OM crash and XRP’s potential ETF success. Investors are reassessing their positions as they await upcoming decisions from the SEC, aiming for stability in the volatile market.

The average transaction cost on Ethereum is currently at 0.168 USD due to reduced user engagement, leading to a significant decrease in on-chain activity.

While Ethereum’s TVL fell by over 3%, Solana’s rose by 4.4%, highlighting a shift in investor interest and activity within the DeFi space.