XRP Enters New Phase as Whale Accumulation Ends, ETF Approved
XRP dominated headlines this week as the broader crypto market saw heavier selling and increased price swings. On-chain data and market commentary indicate a shift: large whale accumulation that supported XRP earlier has cooled, and more volatile retail activity now appears to be driving intraday moves and wider spreads. That change has heightened downside risk and amplified short-term uncertainty for traders.
At the same time, Canary Capital’s XRP exchange-traded fund secured regulatory approval, a landmark development that formally opens a regulated channel for institutional and retail capital. While significant for XRP’s long-term market structure and liquidity, the ETF’s arrival comes against a backdrop of bearish momentum — meaning approval may take time to translate into sustained buying. Market participants will be watching ETF flows, whale wallet behavior, and overall liquidity to gauge whether the new instrument stabilizes or further destabilizes prices.