Novogratz Credits XRP Army for Token’s Relevance as ETFs Maintain Inflow

XRP has remained visible in the crypto market because of its committed community, according to Mike Novogratz, founder and CEO of Galaxy Digital. Even as institutional capital continues to flow into Bitcoin exchange-traded funds. Mike Novogratz says ETF demand has persisted through volatility. This reinforcing Bitcoin’s market structure while leaving community-driven tokens to rely on belief and engagement.

XRP Army Powers XRP Through Market Shifts

In a Podcast interview, Mike Novogratz, compared XRP to other long-running networks that have survived multiple cycles through belief rather than yield. He pointed to XRP as a testament of resilience based on support from the XRP army.

Keeping a community intact, he said, has become more difficult. New tokens, platforms, and tokenized assets now compete for attention. Even so, XRP continues to benefit from a supporter base that has not dissolved as options expanded.

Bitcoin and ETFs dominate institutional focus. Galaxy Digital described that ETFs have become a central force in crypto pricing. He said these funds have continued absorbing supply despite sharp swings and weak sentiment.

As Bitcoin’s failure to hold above $100,000 remains a defining feature of the current market. Novogratz described the level as a major threshold shaped by heavy buying earlier in the cycle. That buying, he said, has now turned the area into resistance.

ETFs Remain Active Despite Market Headwinds

Nevertheless, price weakness has not dented ETF involvement. Novogratz cited continued demand even with larger holders selling into the market. He pointed to one sale that made up about a third of inflows into BlackRock’s spot Bitcoin ETF  this year as illustration that funds kept buying even as supply grew.

That dynamic accounts for the current range, Novogratz said. Markets are always priced at the margin. When large blocks hit the market, price momentum slows. Once that supply is absorbed, conditions can change without warning.

Despite the consolidation, Novogratz rejected the idea that Bitcoin has reached a lasting peak. He said the market has not seen its final high. In his view, ETFs remain in an early stage of influence rather than a completed trade.

Novogratz drew a clear distinction between Bitcoin and most other crypto assets. Bitcoin functions as money, he said. Tokens that do not occupy that role face different expectations and greater pressure over time.

Community strength becomes critical in that environment. Novogratz said networks without loyal users risk fading as capital becomes more selective. Assets with committed supporters retain relevance even without constant inflows.

Macro risk remains a key concern. Novogratz warned that crypto would struggle if U.S. equities, especially the Nasdaq, enter a sharp decline. Digital assets, he said, still move alongside broader risk trends.

Artificial intelligence adds further uncertainty. Novogratz said AI-driven job losses could fuel political and economic stress. Those forces would affect all risk assets, including crypto.