XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype

Software engineer Vincent Van Code observes renewed confidence in XRP, focusing on institutional adoption hurdles. He emphasizes that operational and compliance complexities, not price, are the main barriers for large firms to directly hold XRP. The cost of setting up and maintaining institutional custody solutions is substantial. Van Code suggests Exchange Traded Funds (ETFs) and companies holding XRP offer easier access for institutional investors. Seven XRP ETF applications are currently pending with the SEC. Evernorth, a Ripple-backed venture, plans to build an institutional XRP treasury with a $1 billion XRP purchase. Evernorth's merger is expected to close in Q1 2026, and XRP purchases will follow funding. Market activity shows bullish sentiment, with a large $1 million XRP long position open on Hyperliquid. This leveraged position, with an entry price of $2.40, signals a bet on near-term price increases. Such positions often reflect short-term bullishness and potential for price volatility in the XRP market.