Recent on-chain data from CryptoQuant shows a major rise in activity from XRP whale 1 metric, which tracks wallets that moved large amounts of XRP within the past 24 hours, has climbed rapidly since late 2 is the highest level recorded since 3 price of XRP remains more or less steady in this period, notwithstanding the spike in whale 4 patterns in the past, where accumulation increased during a sideways price movement, have often been followed by powerful upward 5 Crypto commented: Wow! The most aggressive $XRP accumulation is going on right now This is massively bullish 0 6 — Mikybull Crypto (@MikybullCrypto) September 28, 2025 Familiar XRP Price Pattern Forms Again Charts shared by Mikybull Crypto show XRP forming a descending 7 previous one appeared in mid-2024, before XRP rose from below $0.6 to nearly $3.6.
The cryptocurrency was trading around $2.77 at press 8 same setup led to a major price increase earlier this 9 pattern looks nearly identical, and traders are watching for signs of a breakout from the current 10 chart also shows the phrase “XRP is dead” placed near past lows, calling attention to bearish market sentiment that appeared just before price 11 Flag Setup Shows Possible Breakout Another daily chart, shared by Bitcoinsensus, outlines a bull flag 12 is where price moves up sharply, then consolidates in a downward-sloping 13 the current chart, XRP has bounced off the same support zone multiple times, while being rejected at the same resistance level.) 14 SEC is scheduled to respond to six XRP ETF proposals between October 18 and November 14, 15 include applications from firms such as Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and Franklin 16 Decision Deadlines for XRP ETF Applications The first ETF to launch this year, REX-Osprey’s XRPR, began trading on September 17 multiple deadlines approaching, XRP is entering a critical regulatory window that could bring more market 18 lawyer Bill Morgan raised questions about risk warnings in ETF 19 the Cyber Hornet S&P500/XRP ETF, he noted : “One of the risks mentioned is manipulation by XRP whales.” He added, “If an institutional applicant for an ETF acknowledges the risk of whale manipulation, then it should be considered a real risk.”
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