XRP gains $9B overnight, shoots up 7%. ETF launches drive influx. Whale selloff creates trading frenzy.
Oh, what a delightful surprise! XRP-yes, the same XRP you probably thought was taking a nap-has just had an explosive overnight growth, adding a staggering 9.5 billion to its market cap in just 24 hours. A neat little 7% jump took it to a record-breaking 2.20, leaving the rest of the crypto market trailing behind with a humble 1.97% increase. How charming! 🤑
But wait, this miracle didn’t come out of nowhere. XRP had been fairly stable, with a modest weekly change of +0.6. However, overnight, the heavens opened, and a flood of institutional interest-oh, the sweet taste of money-poured in. Retail traders couldn’t resist jumping into the mix, causing a commotion. 😎
But it wasn’t just the small-time investors stirring the pot. The whales, those massive creatures of the crypto sea, went on a feeding frenzy. As noted by Ali Charts, these whales sold off a jaw-dropping 180 million XRP, cashing in on the spike. A little snack for them, but the market held steady thanks to the brave retail traders buying up the dip and pushing the social dominance of XRP up by 12%. 🐋💸
Source – Ali Charts X
The retail traders, with their little wallets, acted like the heroes of the day, absorbing the pressure from those hefty whale selloffs. How quaint! They pushed the trading volume up by 51.5%, proving that the little guy has a knack for turning the tide. 🦸♀️🦸♂️
As Ali Charts so wonderfully put it on X: “$XRP shot up 17% in the last 72 hours, but whales used that moment to cash out 180 million tokens.” A classic move! 🍿
ETF Launches Trigger Frenzy
And what do we have here? A little ETF magic sprinkled in for extra fun. The rise of XRP came hand-in-hand with the launch of not one, but TWO American spot ETFs: the GXRP by Grayscale and another by Franklin Templeton. Yes, two shiny new toys for institutional investors to play with. 🎲
These ETFs raised a whopping $100 million in net inflows on their first day of trading. Oh, and let’s not forget the XRPC ETF by Canary Capital-currently sitting pretty at $306 million. Cha-ching! 💵💵
Source – X RipBullWinkle
The new ETF requirement injected liquidity into the market and temporarily tied up some tokens in custodial accounts, relieving the selling pressure-at least for now. But don’t get too comfy; markets are finicky! 😏
The rally sent XRP flying into bullish territory, with technical indicators flashing green like a Christmas tree. The golden cross? Check. RSI divergence? You bet. A perfect setup for a breakout. Until, of course, the whales decided to play their profit-taking game and resisted the market above 2.23. Classic whale behavior. 🐋💰
But, don’t worry, XRP held onto most of its gains, riding high on increased market capitalization and some serious trader participation. Good job, XRP! 💪
Key takeaway: keep an eye on the 2.20 mark. Below that, we might see a correction coming our way, according to the technicals. Yawn. 📉
Now, let’s get serious. The market is waiting to see if this is a sustainable rally or just another pop-and-drop show. Who’s placing bets? 💥
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2025-11-25 22:36