Bybit Witnesses Surge in XRP Holdings Amid ETF Speculation and Legal Clarity

Bybit's latest report highlights a significant increase in XRP holdings, with allocations more than doubling from 1.29% to 2.42% between November 2024 and May 2025. This surge coincides with a 338% price rally, as XRP climbed from $0.50 to $2.19, fueled by easing legal pressures between Ripple and the SEC. While Bitcoin continues to dominate the market with a 65.30% share amid geopolitical tensions, XRP has emerged as a prominent altcoin contender, with growing speculation around a potential ETF. The dramatic growth in Bybit's XRP holdings underscores increasing investor confidence in the asset, driven by both market dynamics and regulatory developments.

XRP Holdings on Bybit Double in Six Months as ETF Speculation Grows

Bybit's latest report reveals a dramatic surge in XRP holdings, with platform allocations more than doubling from 1.29% to 2.42% between November 2024 and May 2025. The altcoin's price skyrocketed 338% during this period, climbing from $0.50 to $2.19 as Ripple's legal pressures with the SEC eased.

While bitcoin maintains 65.30% market dominance amid Middle East tensions, XRP emerges as a standout altcoin contender. ETF speculation fuels momentum—Polymarket prices approval odds at 85%, while Bloomberg's James Seyffart raises them to 95%. Though former President Trump's comments about XRP becoming part of a U.S. crypto reserve didn't materialize, they contributed to renewed institutional interest.

XRP Surges as Solana Retreats: Altcoin Market Dynamics Shift

Between October 2024 and May 2025, XRP emerged as the standout performer in the altcoin market, while solana faced a notable decline. Bybit's data reveals a near doubling of XRP holders, rising from 1.29% to 2.42%, contrasted by a 35% drop in Solana investors. The shift underscores a broader reallocation of crypto portfolios, driven by regulatory clarity and speculative ETF anticipation.

XRP's resurgence coincided with its legal battle against the SEC nearing resolution, fueling investor confidence. In November 2024, XRP overtook Solana in market capitalization, briefly reaching $3.31 in January 2025—its highest price in years. Meanwhile, Solana's waning appeal reflects a market increasingly betting on assets with clearer regulatory pathways.