21Shares Outlines XRP Investment Case on Utility and ETFs
XRP (XRP)
Editor:
Eugene Serbin
news.bitcoin.com reports that 21Shares has published a four-part investment case for XRP, anchored by regulatory clarity, institutional access, measurable utility, and fixed supply. The framework follows the conclusion of litigation between Ripple Labs and the SEC in August 2025, which left a $125 million civil penalty and an injunction in effect. 21Shares strategist Maximiliaan Michiessen highlighted that while legal certainty is achieved, the other pillars remain in progress. The firm noted seven U.S. spot XRP ETFs began trading in November 2025, with cumulative net inflows reaching $1.70 billion by September 9.
Goldman Sachs held $153.8 million in exposure at the end of 2025 before exiting in Q1, only to return as a top holder with $87.45 million by June 30. Network activity estimates show XRPL moved nearly half a trillion dollars in onchain value over 12 months, with RLUSD near $1.6 billion and tokenized assets around $4 billion. Multi-Purpose Token upgrades allow issuers to implement compliance controls directly on the ledger. All 100 billion XRP tokens were created at launch, with over 14 million burned to date. 21Shares cautioned that higher settlement volume does not automatically create sustained token demand, stating, “Every digital asset needs two things: a reason to exist, and a reason to appreciate.”
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 15 September 2026. Not the outlet's figures.
XRP trades at $1.42 with a 24-hour buy ratio of 49.8%, indicating a near-even split between buyers and sellers. The 1-hour buy ratio sits at 47.2%, showing slightly weaker immediate buying pressure compared to the 4-hour ratio of 51.8%. Volume delta reflects this balance, with a net outflow of -$471,492 in the last hour contrasting against a net inflow of +$1,179,481 over four hours. The 24-hour volume delta is -$1,457,252, suggesting that selling pressure has outweighed buying over the full day. Cumulative volume delta for the period closed at +$273,655, while spot volume reached $333,816,521 across nearly 1.5 million trades. Net buying occurred in only 13 of the last 24 hours, indicating inconsistent accumulation.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.2%, with today’s reading only 0.6 percentage points higher. Daily volume is 2.07 times the weekly average, marking an unusual spike in trading activity compared to the norm. Net buying occurred on just 3 of the past 7 days, with the 8-day volume delta totaling -$7,025,496. The price has risen 1.9% over the last 8 days despite the negative volume delta. This suggests that while volume is elevated, the broader weekly trend has been dominated by net outflows rather than sustained accumulation.