|

Is a Mega Ripple (XRP) Price Rally Coming Soon? What are Whales up to?

🐂

Recent on-chain knowledge from CryptoQuant reveals a main rise in exercise from XRP whale addresses. The metric, which tracks wallets that moved giant quantities of XRP inside the previous 24 hours, has climbed quickly since late 2023. This is the very best degree recorded since 2015.

The worth of XRP stays roughly regular on this interval, however the spike in whale transactions. Similar patterns up to now, the place accumulation elevated throughout a sideways worth motion, have typically been adopted by highly effective upward strikes. Mikybull Crypto commented:

Familiar XRP Price Pattern Forms Again

Charts shared by Mikybull Crypto present XRP forming a descending channel. The earlier one appeared in mid-2024, earlier than XRP rose from beneath $0.6 to just about $3.6.

The cryptocurrency was buying and selling round $2.77 at press time. The similar setup led to a main worth improve earlier this 12 months. The sample seems practically similar, and merchants are waiting for indicators of a breakout from the present vary.

The chart additionally reveals the phrase “XRP is lifeless” positioned close to previous lows, calling consideration to bearish market sentiment that appeared simply earlier than worth surges.

Bull Flag Setup Shows Possible Breakout

Another each day chart, shared by Bitcoinsensus, outlines a bull flag setup. This is the place worth strikes up sharply, then consolidates in a downward-sloping channel. In the present chart, XRP has bounced off the identical help zone a number of occasions, whereas being rejected on the similar resistance degree.

XRP price chart
Source: Bitcoinsensus/X

Meanwhile, the formation stays constant, and a break above the trendline may open the door to greater costs. Bitcoinsensus means that if the sample performs out, XRP may cross the $4 mark for the primary time. An analogous construction performed out earlier this 12 months, adopted by a steep rise.

XRP ETF Decisions Near Key Deadlines

XRP can also be going through a wave of selections round exchange-traded fund (ETF) filings. The SEC is scheduled to answer six XRP ETF proposals between October 18 and November 14, 2025. These embody functions from corporations akin to Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and Franklin Templeton.

Upcoming Decision Deadlines for XRP ETF Applications
Upcoming Decision Deadlines for XRP ETF Applications

The first ETF to launch this 12 months, REX-Osprey’s XRPR, started buying and selling on September 18. With a number of deadlines approaching, XRP is getting into a vital regulatory window that would carry extra market consideration.

Crypto lawyer Bill Morgan raised questions on threat warnings in ETF paperwork. Referencing the Cyber Hornet S&P500/XRP ETF, he noted:

“One of the dangers talked about is manipulation by XRP whales.” He added, “If an institutional applicant for an ETF acknowledges the danger of whale manipulation, then it must be thought-about a actual threat.”

The publish Is a Mega Ripple (XRP) Price Rally Coming Soon? What are Whales up to? appeared first on CryptoPotato.

Similar Posts