XRP Spot ETF is making a remarkable debut. After its official launch in November, this newly launched product has quickly grown its asset management scale to over $1.1 billion, and weekly net inflow data shows how actively institutional funds are participating.

Don't underestimate this development. From a regulatory perspective, it signifies that Ripple's assets have finally gained formal recognition from the traditional capital markets—those past lawsuits and uncertainties are now being validated by institutions with real money. The more direct benefit for retail traders is: significantly increased liquidity, improved price discovery efficiency, and no more worries about insufficient depth.

But a deeper logic is worth pondering. What does the continuous purchase of large passive funds imply? The market is building a relatively stable bottom support. How long this trend can last, and whether the 2026 market outlook has already been predetermined, is uncertain. However, based on current capital flows, it seems like preparations are being made for the next upward cycle.

The key catalysts are still ahead. How major markets in Europe and Asia will respond to XRP ETF products will directly determine how far this wave of enthusiasm can go. Currently, Ripple's story is indeed rewriting itself—from being trapped in litigation to being favored by global institutions.