XRP News: Bybit Reports XRP Holdings Double in Just 6 Months
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The post XRP News: Bybit Reports XRP Holdings Double in Just 6 Months appeared first on Coinpedia Fintech News Rising tensions between Israel and Iran have created market uncertainty, leading investors to favor safer assets like Bitcoin and pushing its dominance to 65.30%, while altcoins lag. However, a recent Bybit report reveals a shift in sentiment, with XRP standing out as a strong altcoin contender. From November to May, XRP holdings on the platform more than doubled, and its price surged by 338%, from $0.50 to $2.19. This rise came as legal pressures between Ripple vs SEC eased , boosting confidence among retail and institutional investors. Despite the broader market favoring Bitcoin, XRP is now gaining momentum as traders begin shifting focus to its growing potential. XRP ETF Approval Hopes Fuel NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y — James Seyffart (@JSeyff) June 20, 2025 Another boost came from speculation over an XRP spot ETF . According to prediction platform Polymarket, there’s an 85% chance of approval this year. Bloomberg analyst James Seyffart is even more optimistic, placing the odds at 95%. Although President Trump’s comments about XRP becoming part of a U.S. crypto reserve didn’t pan out, they still helped fuel interest. Bybit noted that XRP’s holding percentage jumped from 1.29% to 2.42% in just six months. Bitcoin Remains King Despite XRP’s impressive gains , Bitcoin remains the clear market leader. Bybit’s data shows that 30.95% of assets held by users are in BTC. For every $1 of ETH held, there’s $4 in BTC. Bitcoin dominance has risen from 53.2% to 64% over the past year, while Ether’s share dropped from 18% to 9%. The concentration of BTC and ETH fell to 48.2% in early 2025 but bounced back to 58.8% by May, showing strong investor confidence. Institutions Still Opting for BTC and ETH The report reveals a clear divide between institutional and retail investor strategies. As of May 2025, retail traders held just 11.64% in BTC and 6.8% in ETH, nearly half the institutional holdings. This gap points to the cautious approach institutions take, favoring regulated large caps, while retail players remain more experimental. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Top Two ‘Whale Approved’ Altcoins To Buy Now , Altseason Delayed? Altcoins have struggled recently, with the Altcoin Season Index dropping to 12 after stabilising at 17, its lowest in two years. Interest in smaller cryptocurrencies dropped sharply, from 35.2% in November to 23.5% in May. Meme coins and DeFi tokens held up relatively well, but AI tokens, GameFi, and NFTs saw declines. Despite Bitcoin reaching a new all-time high in May, altcoins failed to rally, suggesting that the traditional “altseason” is either delayed or canceled for now. This signals a strong Bitcoin season, where BTC outperforms top 50 altcoins. Institutions are favoring major assets like Bitcoin, Ethereum, and XRP, pouring capital into ETFs and related investment products instead of rotating into smaller altcoins. Hopes for an altcoin rally have faded for now, as big players stick to the more established names. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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No, XRP itself is not a stablecoin. XRP’s price fluctuates with market supply and demand. However, Ripple (the company behind XRP) recently launched its own USD-backed stablecoin called RLUSD. Why is Bitcoin’s dominance increasing amidst market uncertainty? Rising global tensions, like those between Israel and Iran, lead investors to seek safer assets. Bitcoin is perceived as “digital gold,” causing capital to flow into BTC and increasing its market dominance. What are the chances of a spot XRP ETF being approved? Prediction platform Polymarket puts the approval odds at 85% this year, while Bloomberg analyst James Seyffart is even more optimistic at 95%, citing positive SEC engagement.

Source: coinpedia