Overview
- XRP trades around $2.42–$2.43 with volume running about 12% above the weekly average, forming a base as traders watch for a clean break through $2.45–$2.50.
- Derivatives open interest has increased since the summer reset, indicating re‑entry by traders rather than a build‑up of speculative leverage, according to CoinGlass data.
- On‑chain trackers report elevated whale deposits to exchanges from Oct. 1–17, a pattern consistent with selling pressure that keeps short‑term downside risk in play.
- Ripple co‑founder Chris Larsen moved 50 million XRP (roughly $120 million) on Oct. 20, stoking insider‑selling concerns, with at least one report saying he later characterized it as an Evernorth transfer.
- Upcoming SEC decisions on spot XRP ETF applications and Ripple‑linked liquidity moves including the GTreasury effort are cited as near‑term catalysts that could sway market direction.