"showing a slight bullish trend that reflected its community confidence. XRP had been building momentum with reports of spot ETF approval potentially attracting between $3-$8 billion in inflows. Institutional confidence backed this move as Wall Street analysts highlighted the new XRP Reference Price Index as a signal that institutional whales are considering XRP as a legitimate investment option. This news triggered optimism across the broader crypto market, with XRP predictions pointing towards a surge to $4."
"XRP's rally stalled following the crash. As many leveraged positions saw sharp liquidations, XRP wasn't left out, seeing a 60% downturn from its local highs to trade at $1.25. This downturn temporarily removed all the bullish optimism created by the news of XRP's ETF approvals and tested its long-term support levels. However, despite the downturn, it proved to be a strategic moment for some investors as whales known to buy the dip acquired XRP massively"
XRP traded roughly $2.45–$2.80 before the October 10 flash crash amid spot ETF inflow expectations and the new XRP Reference Price Index signaling institutional interest. Ripple partnered with Bahrain Fintech Bay to expand RLUSD custody and Middle East reach while daily volumes averaged about $170 million and prices neared $2.95. The flash crash liquidated leveraged positions and pushed XRP down about 60% to roughly $1.25, erasing short-term bullish momentum and testing long-term support. Whales accumulated on the dip, and ongoing institutional expansion has fueled an early recovery as market sentiment gradually improves.
Read at 24/7 Wall St.
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