Tag: Ripple (XRP) Price

Whales moved 460M XRP in 4 days as price holds $2.20. With exchange reserves falling and $2.00 support intact, is XRP set for a breakout?

XRP is trading at around $2.20 after gaining almost 16% over the past week. Over the last 24 hours, the asset has slipped slightly, according to CoinGecko data.

Market participants are now monitoring whether current levels will hold or shift further due to recent activity from large wallet addresses.

Whale Movements Trigger Caution Across Market

Data from Santiment, shared by Ali Martinez, shows a steep drop in holdings among wallets holding 1 million to 10 million XRP. This group of wallets offloaded 460 million tokens over a four-day span. The movement reflects profit-taking after recent gains and a redistribution of tokens into smaller or institutional wallets.

460 million $XRP sold or redistributed by whales in 96 hours! pic.twitter.com/QkcXgp6SAC

— Ali (@ali_charts) November 27, 2025

Recent on-chain data also show that whale activity isn’t new. CryptoPotato recently reported that whales moved close to 1.5 billion XRP over the past month, with an additional 180 million dumped earlier this week. The scale of movement may add pressure on smaller holders.

While some whales are offloading, exchange reserves are declining. According to recent data, Binance reserves for XRP have dropped to around 2.7 billion, down sharply since early October. The decrease suggests accumulation by long-term and institutional buyers.

“Long consolidation periods in XRP followed by squeezes above key moving averages have historically been followed by strong moves,” the analyst stated.

The report also mentioned that recent spot XRP ETF inflows crossed $21 million, aligning with the supply drop on exchanges. These conditions often occur before market volatility returns.

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Technical Structure Holds Above $2.00

ChartNerdTA noted that XRP is currently repeating a structure last seen in 2017. Back then, the asset saw a 3-month cool-off before launching higher. The setup now includes a return to the 3-month 20-EMA.

“If history is shaping up to repeat, then we’re missing at least a 10x upside move,” the analyst wrote.

According to the analysis, the structure remains intact as long as XRP stays above $1.20. Currently, $2.00 is acting as the nearest support zone. If that level holds, the next target sits around $2.60—mid-range resistance within recent trading activity.

Short-Term Outlook Remains Mixed

CRYPTOWZRD posted an update on XRP’s recent daily close, calling it “indecisive.” The analyst noted that XRPBTC is under pressure due to Bitcoin’s dominance rising. A move above the $2.2770 resistance could open the door for further gains, with $2.7500 identified as a potential support area.

On lower time frames, traders are looking for a clear breakout structure.

“We now need to wait for the market to form the next mature chart structure,” the update added.

Sideways movement is expected in the short term unless Bitcoin shifts direction during weekly and monthly closes.

XRP analysts track key support, bull flag patterns, rising scam alerts, and growing interest in Evernode amid shifting market activity.

Investor interest is shifting. While Evernode gains momentum in the ecosystem, XRP faces mixed signals on both short and long timeframes.

Crypto trader WillyWonkaXRP commented, “I’ve been focusing on Evernode because frankly speaking it’s got MAJOR legs,” adding that he’s stepping back into Ripple coverage to counter misinformation.

Evernode is a Layer-2 smart contract solution operating on the XRP Ledger (XRPL). It runs on the Xanau sidechain and allows developers to build dApps using various programming languages on a scalable network of hosts.

XRP Moves Within Ascending Channel

XRP is holding inside an ascending channel on the chart. The price recently tested the lower edge of the structure and bounced. This area has acted as support multiple times and continues to do so. As long as the asset stays above this trendline, the pattern remains valid.

Over the past week, XRP has dropped more than 8%, with a daily decline of less than 1%. A key observation is the long lower wick formed near the support line. This suggests buyers are active in that zone. If the current structure continues, a move toward $2.8 to $3 could follow. A breakout above this range may push the price higher, with some projections between $6 and $9.

Bull Flag Above 2021 Highs

Analyst ChartNerd pointed out a possible bull flag on the longer timeframe.

“$XRP: Zooming into the fractal, the bull flag/pennant structure holding above the 2021 highs should not be ignored,” the analyst shared.

The support is around $2, which aligns with the previous cycle’s peak.

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The flag pattern formed after a sharp move up earlier this year. Since then, XRP has been trading within a narrowing range. This type of consolidation often leads to a continuation move. The estimated breakout target from this setup is $20, based on the height of the flagpole.

Short-Term Resistance and Support Levels

According to CRYPTOWZRD, XRP is trading below $2.25, which is now a key short-term resistance. A move toward $2.41 could trigger a short setup if the price fails to hold that level. On the other hand, if XRP breaks and holds above that line, it may open the door for further upside.

Notably, the next support level on the lower time frame is $2.08. Until the chart forms a more defined structure, the trading range remains uncertain. The same analyst also noted that XRP/BTC strength may return if Bitcoin dominance continues to fall, possibly helping Ripple’s token reach $2.75.

Scam Warnings and Market Activity

Ripple has issued new warnings on social media about scams targeting XRP holders. They follow the recent Swell event and coincide with the introduction of a spot XRP ETF in the US. The attention from these events may be drawing out new fraud attempts.

Meanwhile, large wallet activity shows consistent selling from major XRP holders. These movements have raised some questions within the community, especially during a period of broader market volatility. Traders are monitoring wallet flows and exchange data as the market looks for a clear direction.

XRP trades near $2.17, revisiting a key support zone seen before past rallies. Analysts watch for a breakout or further downside.

Ripple’s XRP is trading near $2.17 at press time, following a weekly drop of over 13%. Despite recent selling pressure, the asset has returned to a zone that previously triggered a strong rally.

Analysts are watching to see if the current structure could support another major move.

Testing a Familiar Zone

A chart shared by ChartNerd shows XRP touching the mid-regression band of the Growth Curve (GC). This same level acted as a base before the July 2024 breakout. The price now sits between $2.00 and $2.20—roughly the same range where the last rally began.

Notably, the chart outlines a possible repeat of that setup, showing a grey box that matches the prior consolidation. Long wicks on recent candles may suggest buyers are stepping in near the lower end of the range. ChartNerd commented that this zone “could be our foundational base,” but price stability is still needed.

Moreover, analyst EtherNasyonaL posted a monthly chart showing XRP trading within a clear range. The support level is marked around $1.99, and resistance sits near $3.31. The structure has held for several months, with the price continuing to move sideways.

The analyst described this as a re-accumulation phase. The setup remains valid as long as the asset stays between these levels.

“Unless the structure is broken,” they said, “this silence will trigger a new leg.”

A break above $3.31 would mark a shift in trend, while a drop below $1.99 could reset expectations.

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Short-Term Charts Show Uncertainty

CryptoWZRD posted a bearish daily outlook, noting that both XRP and XRPBTC closed weak. The next resistance is at $2.75, with $2.00 acting as key support. A breakout above the daily high may open the way toward $3.65, but for now, the chart leans bearish.

On shorter timeframes, the price action has been choppy. A decisive drop below $2.30 may trigger a short setup, while a move above $2.55 could lead to upside. The analyst added that they are “waiting for a more mature chart formation” to take action.

On-Chain Activity and Wallet Growth

CryptoQuant market technician CryptoOnchain reported that large XRP holders have been sending coins to exchanges. This move is often linked with profit-taking or exits, especially during price jumps. The analyst described it as a classic “sell the news” setup.

Despite the pullback, 21,595 new XRP wallets were created in just two days—the largest spike in eight months, as CryptoPotato reported.

XRP rises to $2.33 after a 12% rebound as 21,595 new wallets are created, marking the highest growth on the XRP Ledger in months.

Ripple’s native token has moved back up to $2.33, recovering from recent lows after strong activity on the XRP Ledger. The recovery comes after a week where the asset dropped by double digits, influenced by broader market stress.

According to market data from Santiment, 21,595 new XRP wallets were created over a two-day span, the largest increase in eight months. This comes after a 12% price jump in 24 hours, offering gains to those who bought during the recent dip.

On-Chain Transactions and Wallet Trends

Between October 6 and November 6, XRP Ledger transaction counts moved between 1.3 million and 1.9 million. The peak occurred around November 3, when activity reached around 1.9 million transactions before pulling back to 1.7 million by November 5. During this time, XRP’s price dropped from $2.50 to $2.20, later recovering to $2.3.

While prices were falling, transaction counts stayed elevated, showing a rise in on-chain usage. The surge in new wallets supports this increase in network activity, with wallet growth pointing to more users joining or becoming active.

In addition, on November 4, XRP Ledger’s built-in decentralized exchange (DEX) processed 954,000 transactions in a single day, reaching a new record. This marked one of the busiest periods for XRP on-chain trading in recent months, even as the price stayed under pressure.

Whale behavior has added to the recent drop. Around 900,000 tokens were sold by large holders over a five-day stretch, as recently reported by CryptoPotato. Transfers from whales to exchanges have since slowed, but earlier selling may still be affecting sentiment in the market.

Analyst Price Levels and Market Structure

Analyst Javon Marks pointed to $5.76 to $9.73 as possible next levels for XRP based on previous breakout patterns. A similar setup was seen in past cycles, where the asset surged after long consolidation phases. Fibonacci-based targets on the current structure align with those estimates.

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Meanwhile, another analyst, EGRAG CRYPTO, noted that if XRP stays above $1.94, the current range could act as an accumulation zone. They outlined two scenarios: one targeting $10 and another projecting $50 in an extended breakout.

In the short term, CryptoWZRD noted strong daily closes for both XRP and XRPBTC. The analyst marked $2.75 as key resistance and $2.27 as short-term support.

“A breakout from the lower-high trendline can open the door to further upside,” they said.

Price action near $2.55 could serve as a decision point, especially with Bitcoin still guiding broader market movement.

ChatGPT warned about a potential sell-the-news event.

Ever since the guard at the SEC changed earlier this year, the hype for spot Ripple (XRP) ETF went through the roof, and current odds by experts and on Polymarket show a near 100% conviction.

Although the regulator is yet to greenlight such a product and the government shutdown endures, the XRP Army is hopeful that Canary Capital, through its latest update, could bypass the waiting line and launch its own spot ETF in two weeks. This is because the company removed the “delaying amendment” from its filing, which could result in a product launch on November 13, an approach taken by several ETF issuers lately.

How High, XRP?

Given the high probability of a spot XRP ETF reaching the markets in November or December at least, we decided to touch upon ChatGPT and see what it believes would be the impact on the underlying token in terms of price actions. It began with a brief history lesson on crypto ETFs, especially for BTC’s January 2024 launch and the subsequent ETH products in July of the same year.

The AI solution noted that it would expect similar first weeks for XRP, which included a “pop” shortly after the launch, and a choppy “sell-the-news” window. However, it believes that these products will inevitably kick-start a “flows-driven” rally once they pick up the pace.

It’s most optimistic prediction sees the asset surging to well beyond $7.50 and up to $10 within a year after the ETF launch, if the crypto market is in a “broad crypto risk-on regime and XRP wins significant institutional allocation (multi-billion-dollar AUM).”

Within the next six months, ChatGPT noted that Ripple’s cross-border token can peak at around $5.50 if altseason and strong ETF flows align. Its short-term prediction is more cautious, indicating that the cryptocurrency will probably range somewhere between $2.70 and $3.40 once the approval hype fades.

Bearish Scenario

Although it believes the spot XRP ETF approvals would be a bullish development for the asset, it still outlined a few bearish scenarios in case the market mechanics flip and the overall global economy tumbles.

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As such, ChatGPT noted that if “macro tightens, flows fizzle, or regulatory headlines turn negative,” XRP’s price could slump to $1.50-$2.00 within the next six months. Moreover, it warned that Ripple’s token can plunge further to $1.20 in the year ahead if recession fears become reality and investors flock to risk-off assets.

Despite the positive moves in the past few weeks, ChatGPT still highlighted potential risks ahead or even after the launch of these financial vehicles.

• Regulatory/judicial headlines (SEC timing, comments, or late objections).

• Listing logistics (exchange 8-A approval; APs/custody plumbing).

• Macro liquidity (rates, USD, cross-asset risk appetite).

• Rotation (BTC/ETH dominance; alt ETF demand fragmentation).

XRP continues to fight BNB for the fourth spot, with a minor daily increase.

Ripple’s cross-border token experienced a substantial revival toward the end of October, which helped it surge past $2.65 briefly. However, it couldn’t maintain its run and quickly dropped to the current $2.52 even after the positive news on a macro level, such as the Fed’s interest rate cut.

Now, popular analyst Ali Martinez has outlined the most significant support and resistance lines for the asset that might determine the next big move.

For $XRP, resistance stands at $2.80 and $3, while support holds at $2.15. pic.twitter.com/ODv0X9sWhh

— Ali (@ali_charts) November 2, 2025

XRP’s current price tag means that it’s a low closer to the upper boundaries of its channel, especially the first one at $2.80. If broken, then the asset could challenge the coveted $3.00, which has been a distant dream for almost a month.

On the downside, $2.15 will serve as the first meaningful line of defense if Ripple’s token reverses its trajectory and heads south once again.

The XRP Army expects more volatility in the following weeks due to several factors. A spot XRP ETF might launch in less than two weeks after Canary Capital’s latest update in its filing, which could bypass the typical approval process. If it indeed hits the markets on November 13, the underlying asset could go on a wild price ride.

On the bearish side is the current investor behavior. As previously reported, whales have been disposing of XRP tokens for weeks, but there’s more. Glassnode data shows that long-term holders who accumulated before the price run that began a year ago had “ramped up their spending by 580%, from $38m/day to $260m/day.”

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The analytics platform warned that this is a “clear sign of seasoned traders exiting and adding pressure to [the] price action.”

Since early August, XRP price has dropped from $3.3 to $2.4 (-27% 🔽).
At the same time, long-term holders who accumulated before Nov 2024 ramped up their spending by ~580%, from $38M/day to $260M/day (7D-SMA)

A clear sign of seasoned traders exiting and adding pressure to… pic.twitter.com/q5h02AsdrJ

— glassnode (@glassnode) October 31, 2025

XRP Ledger saw higher user activity in Q3 as it added 447,200 new addresses and reached nearly 6.9 million total.

The XRP Ledger (XRPL) recorded a steady rise in network metrics during the third quarter of 2025, according to a new report by Messari.

The data shows that network usage and activity strengthened across several indicators, amid growing engagement from users and developers.

Transactions, Wallets, and NFTs on XRP Ledger

Average daily transactions on the XRPL increased 8.9% quarter-over-quarter, rising from 1.6 million in Q2 to 1.8 million in Q3. Similarly, average daily active sender addresses climbed 15.4% from 21,900 to 25,300, while total new addresses surged 46.3% to 447,200. The total number of addresses on the network also grew 6.1% to reach 6.9 million.

Messari found that for the fifth consecutive quarter, active receiver addresses outnumbered active sender addresses. However, average daily receivers declined 30.1% during the same period from 72,000 to 50,300. The report explained that when receiver addresses exceed sender addresses, it often points to distribution events like airdrops, where many previously inactive wallets receive tokens from a smaller group of senders.

Airdrops were a notable factor this quarter. Midnight, a privacy-focused sidechain in the Cardano ecosystem, conducted a snapshot in June for its NIGHT token airdrop, which included XRPL users holding more than $100 worth of XRP. The claim period ran from August 5 to October 4.

NFT activity was another important growth area. Average daily NFT transactions jumped 51.1% quarter-over-quarter, surging from 50,400 to 76,100. The increase was largely driven by a 70.8% surge in average daily NFT mint transactions, which climbed from 37,800 to 64,600. Other NFT transaction types remained relatively stable over the quarter.

Debate Over XRP’s Real Utility Heats Up

XRP Ledger’s native token, XRP, ended the third quarter on a strong note as it closed at an all-time high of $2.85, up 27.2% quarter-over-quarter. Its circulating market capitalization rose 29% to $170.3 billion, outperforming the combined 13.3% gain in market cap posted by Bitcoin, Ethereum, and Solana over the same period.

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However, the token’s momentum cooled in October as broader market sentiment turned negative following hawkish signals from the US Federal Reserve. XRP slipped by 12% over the past month to around $2.50 amid heavy selling pressure.

The recent downturn also reignited debate around XRP’s real-world utility. Crypto analyst Scott Melker, known as “The Wolf of All Streets,” questioned the token’s current role, adding that major financial firms like SWIFT and Western Union are turning to alternative payment networks. While some community members defended XRP as a “neutral bridge currency” for cross-border transfers, others criticized Melker’s stance. Melker acknowledged its technical strengths but remained skeptical about its long-term value.

XRP trades at $2.51 after breaking a 7-year pattern. Analysts expect more gains as ETF news and accumulation signal continued strength.

Ripple’s XRP is trading at $2.51 at press time, showing a slight increase over the past 24 hours. The price action follows a major breakout from a long-term technical pattern that had kept the asset in a range for seven years.

Since that move, XRP has been trading within a defined range, with strong interest holding it above previous resistance levels.

Breakout From Long-Term Chart Pattern

XRP recently moved above the upper trendline of a symmetrical triangle that had shaped its price for nearly a decade. This move pushed the asset past key levels, including the all-time high candle closes and 2021 peaks. Since the breakout, the market has entered a steady phase, with the price consolidating between $2.00 and $3.00.

According to market analyst ChartNerd, this area now acts as a key range for accumulation. The former resistance has turned into a support zone, which could form the base for future price moves. The analyst noted that this structure has remained stable for almost a year and shows no sign of weakness so far.

📣 $XRP broke out of a 7 year symmetrical triangle and has since been accumulating above the prior ATH candle closes & the prior highs from 2021 for nearly 12 months. Signalling significant strength and momentum. Tieing up with bullish developments and regulatory clarity = HIGHER pic.twitter.com/HurHJ77nTw

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 31, 2025

As previously reported, analysts have compared the current XRP structure to 2017, with models still pointing to a move above $5 this cycle.

Furthermore, price models built on Fibonacci extensions are pointing to possible future levels at $8, $13, and $27. These are drawn from past price activity and the height of the previous triangle pattern. In addition, a long-standing ascending trendline and a 3-month exponential moving average continue to guide the market upward.

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ChartNerd remains confident in the outlook as long as the asset stays above the breakout zone. “The macro structure remains intact,” the analyst posted, suggesting that the longer-term chart still supports upward continuation.

Short-Term Uncertainty Around Key Price Levels

While the long-term picture remains stable, short-term charts are showing mixed signals. CRYPTOWZRD pointed out that XRP closed the last daily candle slightly lower and said the coming monthly close could influence the next move. Adding that any drop below that level could lead to more sideways action, the analyst said,

“Holding above $2.55 is bullish territory.”

Meanwhile, there is near-term resistance at $2.75, which could lead to a sharp move higher if broken. On the downside, $2.27 is being watched as the next level of support.

Activity in the Market and ETF Update

Recent technical indicators, including the TD Sequential tool, have issued a sell signal following the recent rally. This tool has been used to forecast price changes and has worked well in previous XRP cycles. Alongside that, data shows that large holders have been reducing their positions over the last few weeks, as CryptoPotato reported.

Remarkably, there is also renewed attention on the potential launch of a spot XRP exchange-traded fund. Canary Capital recently updated its filing with the US Securities and Exchange Commission. The removal of a key delay clause suggests the ETF could go live as early as November 13.

XRP’s October bloodbath may have been sparked by whale deposits surging 43,000 transactions.

Ripple’s (XRP) rebound above $2.5 just days after dropping below $1.90 was rather short-lived as it currently trades near $2.4.

Data now suggests massive whale movements toward Binance confirm profit-taking and panic-selling patterns.

XRP Holders Unload Their Bags

Since the start of October, XRP whales have shown a notable change in behavior amidst growing selling pressure. Data from the Whale to Exchange Flow chart for Binance, shared by CryptoQuant, found a sharp rise in whale deposits beginning October 1st, which maintained steady momentum until October 17th.

The inflow reached its highest level on October 11th, with Whale to Exchange Transactions surging to 43,000. This is a clear indication of significant XRP transfers to centralized exchanges. Such large-scale movements typically mean that whales are preparing to liquidate holdings, realize profits, or mitigate risk in the backdrop of market uncertainty. This on-chain activity is closely in line with XRP’s price performance during the same period.

As the whale deposits accelerated, XRP’s price experienced a steep decline as it dropped from above 3 to around 2.3. The correlation between increased exchange inflows and the falling price strongly supports the view that increased whale activity on Binance contributed to the mounting selling pressure throughout the first half of October.

Whales were not the only cohort driving XRP’s sell pressure in October. Data revealed that smaller investors also played a crucial role in the market downturn. The month recorded a steady uptick in XRP transfers to Binance, especially in the ~1,000 XRP transaction group. Additionally, there were occasional inflows from larger 100K and 1M XRP tranches. These inflows reached their highest levels since last June and coincided with XRP’s price decline from near $3.0 to the $2.3-$2.6 range by mid-month.

The surge in small tranche deposits points to increased activity from retail investors or, potentially, the splitting of larger holdings into smaller batches before selling. Such a pattern reflects a broader distribution phase, where selling pressure originates from a wide base of participants.

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Retail Pessimism

Attention has now turned to how smaller traders are responding to the crypto asset’s turbulent price swings. According to Santiment, XRP is currently seeing widespread retail pessimism. On-chain data revealed that a large portion of the crowd has been selling at a loss, accompanied by a noticeable uptick in fear, uncertainty, and doubt (FUD) across social channels.

Historically, such conditions have often preceded bullish reversals, as prices tend to move contrary to retail sentiment. When traders capitulate or express excessive fear, it often means that market bottoms are near and that stronger hands are accumulating.

XRP has rebounded in the past 24 hours after another violent Friday.

It’s safe to say that XRP, alongside most of the cryptocurrency market, has been in a dire state for the past few weeks, which was exacerbated on October 10 with a painful crash that was almost mimicked a week later.

Ripple’s native token, though, has recovered some ground following the low charted yesterday, and now sits close to $2.40 after a 4% daily increase.

Data shared by Santiment shows that the long-term trends for the token remain positive as the number of mid- to large stakeholders “continues to grow.” More precisely, the wallets containing at least 10,000 tokens have hit a new all-time high of 317.5K, the analytics resource said. Additionally, the chart shows a consistent increase for nearly a year after a brief slip in late 2024.

📊 XRP’s price has rebounded back a modest +5.3% since its bottom 12 hours ago. A good long-term sign is the amount of mid to large stakeholders continues to grow. There are now an all-time high ~317.5K wallets with at least 10K $XRP.

🔗 Chart link: https://t.co/iI8L53Ue7a pic.twitter.com/qOom9t876s

— Santiment (@santimentfeed) October 17, 2025

Cobb presented even more positive news for the XRP Army, this time in terms of overall development of the network and engagement of its meme coin ecosystem. The commentator noted that Ripple-based meme tokens have exploded in the past day.

Why are XRP memes suddenly sending???? pic.twitter.com/VM6IvvY7ZT

— Cobb (@Cobb_XRPL) October 18, 2025

Later on, Cobb explained that a whale had jumped into the XRP meme landscape by splashing $1 million into blue-chip tokens.

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In terms of price action and performance, CRYPTOWZRD said the asset closed indecisively against the greenback, although the XRP/BTC pair “needs to push more bullish from here to help XRP.” The analyst said the expectations for the weekend should remain “rational,” and hinted that more volatility is expected at the start of the new business week.

Wave 4 pause hints at one final leg down before a major bullish reversal for XRP.

Ripple (XRP) suffered a 6% decline over the past day, and traders are now questioning whether the worst is over or if one more leg down is still on the cards.

Data suggest that this pause aligns with the classic Elliott Wave Theory (EWT) pattern, where extreme moves are often followed by a Wave 4 consolidation, and set the stage for a final impulse wave.

Market Ready to Reverse?

Historically, markets rarely pivot sharply after a massive Wave 3 move. Instead, analyst CasiTrades explained that they typically undergo one last exhausted drop, or Wave 5, before a steady trend reversal takes hold. Current price action appears to support this scenario. XRP remains trapped near Wave 4 resistance levels, as it failed to break decisively above the key $2.82 mark, even amidst market recovery.

The absence of a strong breakout points to a market that may need one more corrective wave to fully exhaust selling pressure before sentiment can shift bullish.

Cross-exchange data remains highly inconsistent, which has further complicated matters. Different trading pairs have reported wildly divergent lows, from sub-$1 prints to levels considerably higher. On Binance USD, XRP’s price momentarily dipped to $0.77, a staggering 72% decline from recent highs, breaching the .786 Fibonacci retracement.

While revisiting that extreme seems unlikely, the analyst warns that a retest of the .618 retracement near $1.46 – or the “golden pocket” around $1.35 is plausible in the next wave down. These levels coincide with multiple technical indicators, including Wave 5 extensions, macro retracements, and prior Wave 2 targets, which make them critical zones for accumulation and the setup for a strong reversal.

The potential silver lining for XRP traders lies in the chaos itself. The recent collapse may have pushed the broader Elliott Wave count from a shallow Wave 4 to a deeper macro Wave 2, laying the groundwork for a “powerful” impulsive move that could ultimately propel XRP toward $6.50-$10.00.

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$2 Test Looms

Crypto analyst Ali Martinez had recently made a concerning observation during which he said that XRP “looks like it wants to visit $2.” Martinez referenced XRP’s UTXO Realized Price Distribution (URPD) to identify the next crucial support if the asset experiences another leg down, and flagged $2.10 as a potential low.

On the upside, he noted that a reversal could find immediate support at $2.80, a level that, if held, might pave the way for the crypto asset to resume its upward momentum toward $3.

What’s happening with these new XRP ETF applications?

Ripple’s chances of having exchange-traded funds tracking the performance of its own token in the US continue to be extremely high, even though the US SEC keeps delaying almost all applications.

However, there is a new set of filings that went on the SEC’s desk this week, which stirred some controversy in the crypto community.

VolShares filed for 5x single stock and crypto ETFs incl COIN, CRCL, GOOG, MSTR, NVDA, PLTR, TSLA, Bitcoin, Ether, Solana, XRP… They haven’t even approved 3x and VolShares is like let’s try 5x. Maybe an option on long term govt shutdown (if no govt in 75 days they can… https://t.co/rVaYDcn9H0

— Eric Balchunas (@EricBalchunas) October 14, 2025

The idea of these new applications is to allow investors (even retail) to trade ETFs with leverage. The filings, submitted by Volatility Shares, see up to 5x leverage to be used on some extreme cases if the products are greenlighted by the US watchdog.

Scott Melker, better known as The Wolf Of All Streets in the cryptocurrency community, raised a few questions regarding these applications as they might be “the worst idea ever.”

He didn’t blame the underlying assets for it, such as XRP (which he used to make his case), but the overall concept of these funds. After all, the ultimate goal is to allow investors to speculate with leverage on riskier financial assets like altcoins.

“Because offering leverage on altcoins to retail is f**king stupid. All of them,” Melker remarked.

If you have been following the latest developments in the crypto market, you might see his point. Recall what transpired less than a week ago, when a cascade of liquidations wrecked more than 1.6 million traders. It became the single largest liquidation event in crypto history, with more than $19 billion evaporated in less than a day.

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Consequently, it’s rather controversial to file for such leveraged-focused products just days after such a collapse that was triggered primarily because of excessive leverage used by traders.