XRP Investment Case Hinges on Regulatory Clarity and Institutional Access

21Shares outlined XRP's investment case based on four pillars: regulatory clarity following Ripple's legal resolution, institutional access via U.S. spot XRP ETFs with over $1.7 billion inflows, measurable utility through growing XRP Ledger activity, and a fixed supply of 100 billion tokens.

Despite strong network adoption, 21Shares warns that increased ledger use may not directly translate to sustained XRP demand, as institutions might use the network without holding XRP long-term.

The firm views XRP's value potential tied to tokenized settlement scaling but remains cautious about how network growth impacts token appreciation.