XRP’s Wild Ride: Whales Flee, ETFs Loom, and Dreams of $3 Fade 😱

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Ah, Ripple’s darling token-XRP-flirted with grandeur toward October’s end, teasing the market with a fleeting kiss at $2.65 before retreating to the more modest embrace of $2.52. Even the Fed’s benevolent interest rate cut, that most divine of macroeconomic favors, couldn’t keep the fickle thing aloft. Such is the tragedy of crypto: always promising the moon but delivering, at best, a rather dull meteor.

Enter Ali Martinez, that oracle of resistance and support lines, who-with the solemnity of a man predicting the weather in London-declared:

For $XRP, resistance stands at $2.80 and $3, while support holds at $2.15.

– Ali (@ali_charts) November 2, 2025

At present, XRP lingers near the upper echelons of its channel, coyly eyeing $2.80 like a debutante unsure whether to dance. Should it breach this barrier, the fabled $3 may yet be within reach-though, given its recent behavior, one suspects it would faint before getting there.

Should fortune frown (as fortune so often does), $2.15 shall serve as the token’s first line of defense-a rather flimsy barricade, one fears, given the current disposition of whales and long-term holders.

The so-called XRP Army-those indefatigable optimists-anticipate volatility ahead, perhaps spurred by the tantalizing prospect of a spot ETF. Canary Capital’s latest filing suggests such a marvel might debut by November 13, bypassing the usual bureaucratic rigmarole. One can only imagine the chaos that would ensue-like releasing a bull in a china shop, if the bull were also on roller skates.

Alas, not all news is merry. Whales, those capricious beasts, have been dumping XRP with the enthusiasm of a diner discovering a hair in their soup. Worse still, Glassnode reports that long-term holders-those once-loyal patrons-have increased their daily spending by a staggering 580%, from $38 million to $260 million. A clear sign, one supposes, that even the most patient traders have grown weary of waiting for XRP to justify its existence.

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…

– glassnode (@glassnode) October 31, 2025

And so, dear reader, we find ourselves once more at the crossroads of hope and despair-where dreams of $3 collide with the cold reality of whale-sized sell-offs. Will XRP rise like a phoenix, or will it continue its descent into mediocrity? Only time-and perhaps a well-timed ETF-will tell. 🎭

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2025-11-02 10:54