Recently, XRP-related news has been coming out one after another. When looking at the overall cryptocurrency market, it seems that XRP is definitely regaining investors’ attention.

The first thing that stands out is the revival of capital inflows into XRP ETFs. As of April 10, daily inflows recorded $9.09 million. After a period of weak performance, it finally feels like investors are coming back. However, what’s worth noting is that these inflows are not consistent—there are days with positive inflows and also days with slight pullbacks. In other words, rather than being outright bullish, the picture is of cautious buying as the market begins to probe. Total net assets have reached approximately $968 million, so it looks like the market is still in the process of finding balance.

Another interesting development is what’s happening in the developer community behind the XRP Ledger. Over the past year, the number of developers has increased by 10%, and over two years, the growth rate has reached 92%. This is unusual in a broader crypto-asset environment where the number of new developers has been trending downward. Since the data is based on GitHub, the actual figure could be even higher when including work that isn’t publicly disclosed. An increase in developers means real building activity on the network is becoming more active. It may not translate into price immediately, but the likelihood that it becomes a foundation for long-term growth is high.

One more topic that’s been making the rounds is RLUSD. Under proposals based on the CLARITY Act, it may be that passive yields on stablecoins are banned. This could potentially undercut USDC’s main competitive advantage. In fact, when this report came out, Circle’s stock fell by more than 20%. Meanwhile, RLUSD has reached a market capitalization of $1.25 billion in 15 months despite not offering any yield. The speed of this growth is noteworthy.

Looking at the overall cryptocurrency market, XRP is seeing activity intensify across multiple layers. ETF capital inflows, growth in developers, and a new competitive landscape in the stablecoin market—these factors are starting to overlap. That said, as of the time of writing, XRP’s price is still around $1.42, and the trend has not yet fully stabilized. However, if this amount of fundamental activity continues, it provides plenty of material to support market sentiment.

The key points to watch going forward are whether capital inflows into XRP ETFs continue to remain steadily positive, and how much the growth of the developer community will accelerate. If both come together, XRP’s position in the cryptocurrency market will undoubtedly change.