What’s Going On Behind The Scenes With XRP? Expert Answers

Conversations around XRP have grown louder in recent weeks as the cryptocurrency continues to trade around the $2.2 region while new Spot XRP ETFs continue to attract inflows across multiple issuers.  One voice in the community has attempted to explain why the market is unusually calm despite rising institutional demand. An XRP enthusiast known as Pumpius shared a detailed thread on X that breaks down the mechanics behind the new ETFs and why the real impact may still be ahead. His argument is that the current XRP price action does not yet reflect what is going on behind the scenes. Related Reading: Bitcoin Maxi Says ATH Back On The Table After 40x Derivatives Surge Why ETF Rules Create A Special Market Dynamic Pumpius explained that the foundation of the entire setup is in one legal detail with fund managers. ETF fund managers are restricted from purchasing XRP directly from Ripple or from the escrow accounts that hold large reserves of the token. Every ETF must source XRP through ope