XRP's long-term buying support may weaken without renewed whale participation, impacting market dynamics and investor confidence. XRP whale outflows from Binance hit their lowest level in five years.
XRP withdrawals below 10,000 tokens surged 6.6-fold on Binance, while reserves across three major exchanges increased by 120 million.
An XRP wallet that took in nearly 300 million XRP while the token traded around $2 sent 82.3 million XRP, worth about $106.6 million, to a brand-new address earlier today.
Ripple-backed Evernorth files to register 11.5 million shares tied to warrants as it plans to sell more stock to buy XRP for its treasury.
XRPL lending remains unavailable as two amendments sit 10 votes short, while a separate cleanup package could activate on October 23 if support holds.
The US spot ETFs on XRP gave up more money than they took in last Friday, for the first time in 13 weeks. The amount is small, the signal is not, and for investors in Germany a decision between an ETN and a direct purchase hangs on it.
After the Clarity Act's failure, a new catalyst for XRP could be the public debut of Evernorth Holdings. Evernorth is the world's largest XRP treasury company, with 473 million XRP valued at $648 million.
XRP's official X account, run by Ripple and the XRPL Foundation, passed 111,000 followers within about 13 hours of its first post, and its debut ad has already drawn more 3.7 million views. The Launch and the Subsequent Days The @XRP handle was created on Oct. 15 but sat silent for four days.
BlackRock's proposed Bitcoin fund would use options to limit potential losses and gains, adding another strategy to its existing Bitcoin and Ether ETF lineup.
The transaction lists both wallet addresses; the transfer totaled 82,314,668 XRP, valued at about $106.6 million.
The Rakuten Pay change concerns payments in Japan. Binance's separate program offers rewards to XRP holders.
The @XRP account posted for the first time Oct. 19 in both ET and UTC. Its profile lists Ripple and the XRP Ledger Foundation as joint managers.