According to Bayberry Capital, the market of XRP price does not correspond to its role in the real world. The hedge fund firm argues that the token is often assessed as a speculative coin, when in fact it serves as a plumber for moving value between financial systems.
The research compares XRP’s current phase to early internet infrastructure — quiet work laying the foundation while prices fluctuate — and says many investors are missing that deeper buildout. Ripple CEO Brad Garlinghouse has also emphasized the token’s role in multiple use cases, reports show.
Bayberry Capital warns against incorrect prices
Reports have revealed that the investment house sees XRP as a liquidity instrument, and not just a tradable asset. It notes that it takes time for institutional integrations, compliance work and deep technical connections to become visible in prices.
The company believes that the token’s recent price stability reflects growing backbone work, and not a lack of demand. Market observers are urged to look beyond the headlines and volatility and weigh the actual settlement activity.
According to data from Onchain, traders are shifting
Based on CryptoQuant data, open interest in BTC and ETH positions fell over the past 72 hours, while XRP accumulation rose. That pattern is read as traders focus on assets with clearer utility. The shift does not prove a long-term trend, but does show changing flows in the short term.
Binance traders pile into XRP as BTC and ETH positions unwind
“Traders are using these slight dips to add to positions, showing a conviction that is in stark contrast to the fear gripping the BTC and ETH markets.” – By means of @Crazzyblockk pic.twitter.com/QdXlsJCV2L
— CryptoQuant.com (@cryptoquant_com) November 6, 2025
Exchange activity shifts
Lookonchain marked a big move on Hyperliquid, with a whale opening a short position worth over $20 million. The same actor moved $7 million in USDC to that DEX before placing the trade.
At the same time, the price of These opposing forces – new demand and a large shortage – are creating pressure around the current recovery effort.
Someone created a new wallet and deposited 7 million $USDC to Hyperliquid, with a 20x short opening on both $BTC And $XRP.
Positions: • 1,129 $BTC($116 million) • 8,888,888 $XRP($20.35 million)
This man appears to be a high-stakes gambler; he is a Roobet and https://t.co/ZZPnpTmYqj user.… pic.twitter.com/GqWZaca4BC
— Lookonchain (@lookonchain) November 6, 2025
Ripple partnerships add practical use cases
Reports indicate that Ripple has expanded its use of RLUSD following deals with Mastercard, WebBank and Gemini. The company also raised $500 million at a $40 billion valuation, with backing from Citadel Securities and Fortress affiliates, among others.
These steps are intended to make it easier to settle credit card transactions on the XRP Ledger using stablecoins, and provide more options for real-world use.
Outlook and market tension
Bayberry Capital believes that slow institutional adoption means the market is underestimating what is being built. Adoption, compliance checks and systems integration don’t happen overnight; they creep forward as partners sign deals and test flows.
Featured image from Unsplash, chart from TradingView