Santiment data indicates which cryptocurrency has been trending on social media over a specific period and highlights the most common topics discussed by online commentators.
In its latest post, the analytics platform identified several digital assets that have garnered significant attention for various reasons. This article will specifically examine Ripple's XRP and the factors contributing to its recent surge in popularity.
XRP's Rising Trend
A prominent development in the cryptocurrency market over the past week has been the general market correction, which significantly impacted assets like Bitcoin (BTC), causing it to drop to a seven-month low. While XRP has demonstrated resilience compared to the market leader, it has still experienced a 10% weekly decline, with its price stabilizing around $2.15.
While market movements typically generate discussion among retail investors on social media, Santiment's analysis suggests this is not the primary driver of XRP's trend. Instead, the analytics platform reveals that public focus has shifted towards recent developments in the Exchange-Traded Fund (ETF) sector. This trend was initiated by the launch of the first spot XRP ETF by Canary Capital last week, which marked the debut of a financial vehicle with 100% exposure to the asset on US markets.
The discussions highlight the introduction of XRP-based ETFs, including the first XRP option income ETF by Amplify, and ongoing debates about whether these ETFs contribute to XRP adoption or primarily serve as speculative investment instruments.
Additional factors contributing to XRP's recent trending status include conversations surrounding its potential integration into pension funds and its use as a settlement mechanism.
ETF Developments
As previously reported, Canary Capital's XRPC ETF successfully navigated all regulatory requirements after Nasdaq published the official listing notice on November 12. The fund commenced trading the following day and achieved a record-breaking trading volume for 2025 on its debut, surpassing even the initial trading volume of Bitwise's Solana (SOL) ETF.
Data compiled by SoSoValue shows that the XRPC ETF had attracted $277.82 million in assets under management as of November 18. Following its strong launch, the rate of net inflows has moderated. On its first day of trading, XRPC garnered an impressive $243.05 million, followed by a more modest $25.41 million on the subsequent trading day, November 17. While updated figures for November 18 were not yet available, it was anticipated that the inflows would be significantly lower than on the opening day.