Grayscale says XRP is the most talked about asset after Bitcoin

The positive sentiment reflects the strong and meaningful activity of the XRP community, despite the bears dominating the broader market.

The crypto market may be in bear season right now, but some assets are in the spotlight thanks to their strong communities. One such cryptocurrency is XRP, the original asset of the XRP Ledger (XRPL), also known as the Ripple Network.

Recent data from asset management giant Grayscale ranked XRP as the second most talked about asset in the platform’s community, behind bitcoin (BTC). This reflects the strong and meaningful activity of the XRP community.

The second most talked about asset

According to one voiceover from Grayscale’s Head of Product and Research, Rayhaneh Sharif-Askary, during Ripple Community Day, XRP has a broad, vibrant community of diehard fans.

Grayscale advisors have reported that their clients are constantly asking questions about XRP. In fact, the asset is considered the second most talked about asset, in some cases behind BTC. Sharif-Askary revealed that much of the excitement around XRP comes from the continued demand for products tied to the asset. Investors see the XRPL as a “battle-tested blockchain that has a real chance to capture market share” and want to leverage the ecosystem.

Additionally, the Grayscale product and research head believes the narrative and price sentiment around XRP will change. The asset’s growth to date may have been slowed by lagging product market fit and regulatory challenges. However, positive sentiment from the community is likely to change the narrative on the asset.

Bullish predictions for XRP

Sharif-Askary’s comments on the positive sentiment within the community are reflected in the weekly inflows into crypto investment products. CryptoPotato reported that most crypto funds just registered outflows for the fourth week in a row, but only products tied to assets like XRP saw positive outflows.

Bitcoin and Ethereum lagged in terms of sentiment, with their investment products losing $133 million and $85 million respectively last week. XRP, on the other hand, attracted more than $33.4 million, with relatively stable demand.

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Interestingly, analysts are making bullish price calls for XRP. Last weekend, At the time of writing, data from CoinMarketCap showed XRP trading around $1.45, with a slight decline over the past 24 hours. Regardless of the downturn, market experts foresee a bullish breakout in the asset price trajectory in the coming weeks.