XRP (CRYPTO: XRP) could be better positioned than Bitcoin (CRYPTO: BTC) for a rebound thanks to growing ETF demand, according to a prominent market commentator.

XRP Could Outperform Bitcoin

In an X post on June 4, analyst Cryptoinsightuk said nearly all downside hourly liquidity in XRP has already been cleared, while upside liquidity now far exceeds remaining downside targets.

The analyst noted XRP is trading at one of its most oversold daily RSI readings on record, a level previously seen during the COVID-19 market crash, the 2022 bear market bottom and the Feb. 7 local low.

Unlike Bitcoin, XRP’s funding rates and open interest have remained largely neutral or slightly negative throughout the recent decline, suggesting speculative positioning has not become overly crowded.

Cryptoinsightuk said XRP could still sweep liquidity near the $1 level if Bitcoin extends its sell-off.

However, he says XRP is structurally stronger than Bitcoin in the near term and could see an aggressive move higher if BTC finds support.

XRP ETF Demand Stands Out

During a June 3 interview with Paul Barron, Grayscale Investments head of research Zack Pandl said XRP exchange-traded products continue attracting investor capital even as Bitcoin and Ethereum (CRYPTO: ETH) ETFs experience notable outflows.

Pandl suggested XRP ETF adoption could eventually approach the scale seen in Bitcoin and Ethereum products. He estimated XRP ETFs could ultimately hold between 5% and 6% of the token’s circulating supply.

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