On 21 December 2025, XRP exchange-traded funds had already accumulated about $1.12 billion in assets under management during a broadly weaker crypto market. Asset managers argue this trajectory differs from Bitcoin and Ethereum ETFs, with institutions testing XRP for its perceived infrastructure role and diversification potential rather than pure cycle-driven speculation.

NIGHT surged 24% in the past day, with trading volume hitting $5.03 billion as its airdrop, expected to distribute roughly 4.5 billion tokens, began on December 10. According to Artemis, privacy tokens showed a 0.5% decline overall, while Bybit and Binance accounted for $3.33 billion and $1.16 billion, respectively.

XRP is trading around $1.93 as sustained spot ETF inflows and clearer US regulatory status underpin institutional interest. Spot XRP ETFs have attracted about $1.07bn in net inflows and hold over $1.2bn in assets, while price tests a key $1.93–$1.98 resistance area on the 4-hour chart. A confirmed move above $2.00 could open a path toward the $2.11–$2.17 region, while failure keeps focus on supports near $1.85 and $1.77.

According to U.Today, developer Ed Hennis filed XRPL Amendment idea #420 to let XRP Ledger accounts rotate a single-use signing key on every transaction. On December 20, 2025, Vet noted the "Quantum Safe" draft, which assumes XRPL's validation speed could limit attackers even if a public key is briefly exposed. Proposed field names include "SingleUseKey" and "QuantumSafeKey", and the feature is positioned as an optional security upgrade.

Coin Bureau highlighted Bitcoin's realized price near $56,000 as a bear-case threshold. Benjamin Cowen noted cycle durations of 1,067, 1,059, and 1,062 days, while a Binance liquidation heatmap showed heavy liquidity in the low $100,000s and near $110,000, plus a lower cluster in the low to mid $70,000s. A TradingView weekly BTCUSDT chart indicated $88,122 on OKX on Dec. 21, 2025, implying roughly a 55% drop toward $56,240.

On December 19–20, 2025, Arthur Hayes shifted more than $3 million from Ethereum into selected DeFi tokens while ETH traded below a key resistance band around $3,100–$3,150. On-chain data shows he moved over 1,100 ETH, building positions in Ethena, Pendle, and ether.fi as Ethereum's price consolidated inside a descending channel. This rotation reflects a liquidity- and yield-driven strategy focused on protocols tied to on-chain activity and tokenized yield.

Ethereum is trading around $2,977 while on-chain data highlights large transfers between Binance's Eth2 staking wallets and repeated tests of a key support zone. A separate liquidation heatmap points to dense leverage clusters above $3,000, leaving traders watching whether ETH can hold support and push into that area.

Spot XRP ETFs launched on Nov. 13 and have posted 32 straight trading days of net inflows. As of Dec. 19, total net assets stood at about $1.21 billion, with cumulative net inflows at $1.07 billion. On Dec. 20, Sentora said inflows have surpassed $1 billion, underscoring steady demand across Canary, 21Shares, Grayscale, Bitwise and Franklin Templeton funds.