XRP Bull Run Just Getting Started. Here’s What Bitwise Head of Research Says

Digital Asset Investor recently interpreted bullish comments from Bitwise Head of Research Ryan Rasmussen, explaining that XRP’s broader bull market may still be in its early stages.

The crypto commentator posted a video on X in which Rasmussen described the current crypto cycle as potentially “just getting started,” citing strong ETF flows and capital moving across several parts of the digital asset market.

In the video attached to the post, Rasmussen said he believes the market is at the beginning of its next bull market. Although he acknowledged that the “short screen” had acted as the market’s major accelerant, he appeared to be referring to a specific market event or trading dynamic.

Rasmussen then highlighted capital flows into crypto investment products as another important factor supporting his view. According to him, significant ETF flows have entered the crypto market, extending beyond Bitcoin and Ethereum to include assets such as Hyperliquid and XRP.

XRP Included Among Assets Receiving ETF Capital

Rasmussen specifically mentioned XRP while discussing capital distribution in the cryptocurrency sector. His comments suggest that institutional and investment-product demand is no longer concentrated solely on the largest cryptocurrencies.

“We’re seeing capital deployed across the crypto stack,” Rasmussen said in the video.

He also pointed to the performance of crypto-related equities as another indication of broader market strength. His assessment therefore focused on several areas of the industry rather than XRP alone, with ETF inflows, cryptocurrency performance and crypto equities contributing to his overall view that the current bull market could have further room to develop.

Digital Asset Investor then offered his own interpretation of Rasmussen’s comments. After playing the Bitwise researcher’s remarks, he said, “Let me translate,” before adding a direct conclusion: “The XRP bull market is just getting started.”

That statement is the post’s central message and presents Rasmussen’s broader assessment of the crypto market as relevant to XRP’s potential performance.

What the Comments Could Mean for XRP

Digital Asset Investor’s interpretation emphasizes XRP’s inclusion in Rasmussen’s discussion of ETF flows. Rather than describing the asset as an isolated investment, Rasmussen grouped XRP with other cryptocurrencies that are attracting capital through investment products.

The distinction is important because the video itself does not explicitly predict a separate XRP bull run. Instead, Digital Asset Investor used Rasmussen’s comments about capital entering XRP and other crypto assets to support his own bullish conclusion.

For XRP investors, the key point is therefore the continued flow of capital into the cryptocurrency market and XRP’s inclusion among assets benefiting from that activity. If the broader bull market continues as Rasmussen expects, Digital Asset Investor believes XRP still has a significant rally ahead.