Based on Bayberry Capital, XRP’s market worth doesn’t match its real-world function. The hedge fund agency argues the token is commonly judged like a speculative coin when it really serves as plumbing for shifting worth between monetary techniques.
The analysis compares the present stage of XRP to early web infrastructure — quiet work laying the bottom whereas costs drift — and says many buyers miss that deeper build-out. Ripple CEO Brad Garlinghouse has additionally harassed the token’s function throughout a number of settlement makes use of, stories present.
Bayberry Capital Warns Mispricing
Studies have disclosed that the funding home sees XRP as a liquidity instrument, not only a tradable asset. It notes that institutional integrations, compliance work, and deep technical hyperlinks take time to seem in costs.
The agency believes the token’s current worth steadiness displays rising spine work, slightly than lack of demand. Market observers are urged to look previous headlines and volatility and weigh precise settlement exercise.
In accordance To Onchain Information, Merchants Are Shifting
Based mostly on CryptoQuant information, open curiosity in BTC and ETH positions fell inside the final 72 hours whereas XRP accumulation rose. That sample is being learn as merchants rotating towards belongings with clearer utility. The shift doesn’t show a long-term pattern, nevertheless it does present altering flows within the brief time period.
Binance Merchants Pile into XRP as BTC & ETH Positions Unwind
“Merchants are utilizing these slight dips so as to add positions, exhibiting conviction that contrasts sharply with the concern gripping BTC and ETH markets.” – By @Crazzyblockk pic.twitter.com/QdXlsJCV2L
— CryptoQuant.com (@cryptoquant_com) November 6, 2025
Trade Exercise Shifts
Lookonchain flagged a big transfer on Hyperliquid the place a whale opened a brief place value over $20 million. The identical actor moved $7 million in USDC into that DEX earlier than inserting the commerce.
On the similar time, XRP’s worth swung: after falling greater than 13% to a low of $2.06 on Nov. 4, it climbed 6.27% the subsequent day and reached $2.41. These opposing forces — contemporary demand and a serious brief — are creating stress across the present restoration try.
Somebody created a brand new pockets and deposited 7M $USDC to Hyperliquid, opening 20x brief on each $BTC and $XRP.
Positions:
• 1,129 $BTC($116M)
• 8,888,888 $XRP($20.35M)This man appears to be a high-stakes gambler — he’s a Roobet and https://t.co/ZZPnpTmYqj person.… pic.twitter.com/GqWZaca4BC
— Lookonchain (@lookonchain) November 6, 2025
Ripple Partnerships Add Sensible Use Instances
Studies present Ripple has expanded use of RLUSD after offers with Mastercard, WebBank, and Gemini. The corporate additionally raised $500 million at a $40 billion valuation, with backing that included Citadel Securities and associates of Fortress.
These strikes are aimed toward making it simpler to settle credit-card transactions on the XRP Ledger utilizing stablecoins, and so they present extra pathways for real-world utilization.
Outlook And Market Stress
Bayberry Capital believes that slow-moving institutional adoption means the market underestimates what’s being constructed. Adoption, compliance checks, and techniques integration don’t occur in a single day; they creep ahead as companions signal offers and take a look at flows.
Featured picture from Unsplash, chart from TradingView
