Whales and Wall Street back XRP rise

October 28, 2025

In partnership with

 

Reading time: 5 minutes

Whales and institutions align: XRP builds momentum above $2.5

Key points:

  • XRP climbed above $2.50 after whales accumulated over 190 million tokens worth $505 million, with strong CMF inflows confirming renewed buying momentum.

  • Exchange reserves dropped 3.36% since early October, and Evernorth’s $1B XRP treasury plan signals deepening institutional demand ahead of potential Nasdaq listing.

News - XRP extended its recent gains above $2.50, boosted by aggressive whale accumulation and falling exchange balances across major platforms.

On-chain data revealed that large holders controlling 10 million to 100 million XRP added 190 million tokens over the past week, a $505 million bet reflecting confidence in XRP’s long-term trajectory.

Meanwhile, CryptoQuant data shows nearly 300 million XRP left Binance in October, pushing reserves to their lowest level since mid-2024. The same trend was mirrored across Bybit, Gate, HTX, and OKX.

Analysts note that this drawdown typically indicates reduced selling pressure as investors move holdings off exchanges for long-term storage.

Institutional demand on the rise - Ripple-backed Evernorth Holdings has amassed 388.7 million XRP, valued at over $1 billion, as it prepares to launch a publicly traded XRP treasury vehicle (XRPN) on Nasdaq.

Backed by Ripple, SBI Group, and Arrington Capital, the firm aims to bridge institutional capital with XRP’s newly solidified regulatory clarity. The development follows an 8.6% XRP price surge since Evernorth’s debut last week.

Technical setup - At the time of writing, XRP traded near $2.65, up more than 12% weekly. Support lies at $2.61–$2.64, with resistance near $2.70–$2.75. Sustained volume growth, up 26% above weekly averages, and a strong Chaikin Money Flow reading reinforce bullish sentiment.

If momentum holds, XRP could target $3.00, though failure to maintain support may invite a retest toward $2.35.

Solana staking ETF launch begins: Analysts eye $6B inflows, but risks loom

Key points:

  • The first U.S. spot Solana ETF, Bitwise’s BSOL, began trading today, with Grayscale’s GSOL conversion set for tomorrow. Analysts project up to $6 billion in inflows during the first year.

  • Despite ETF optimism, on-chain data shows profit-taking by long-term holders and leverage buildup above 80%, raising the risk of a long squeeze below $188.

News - Solana officially entered the ETF era today, joining Bitcoin and Ethereum as Bitwise’s Solana Staking ETF (BSOL) began trading on the NYSE, while Grayscale’s GSOL conversion is scheduled for tomorrow. Bitwise’s ETF provides 100% spot exposure to SOL and includes built-in staking that could yield around 7% annually.

This marks the first wave of altcoin ETFs in U.S. markets, alongside Canary Capital’s Litecoin and Hedera products. The milestone could open new institutional access to Solana through regulated investment vehicles, paving the way for wealth managers and retirement funds to gain exposure to the asset class.

Institutional momentum builds - Analysts from JPMorgan and Bitget estimate the Solana ETF could attract $3–$6 billion in its first year, mirroring early Bitcoin and Ether ETF success.

SOL traded near $200 at press time, with some traders eyeing a breakout toward $220–$260 if bullish momentum holds. However, with BlackRock yet to file for a Solana ETF, Bitwise and Grayscale currently lead the race.

Price risks remain - Despite the buzz, Solana’s price fell 2.2% daily and 1% monthly, signaling caution among traders. On-chain data from Glassnode shows long-term and mid-term holders trimming positions, while derivatives data reveals over 80% long exposure, creating conditions for a potential long squeeze if SOL slips below $188.

Analysts warn that a decisive close under this level could trigger $548 million in liquidations, while a break above $235 may restore bullish momentum.

Trump’s Truth Social expands into prediction markets as lawmaker seeks crypto ban for politicians

Key points:

  • Trump Media & Technology Group partnered with Crypto.com Derivatives to launch Truth Predict, a federally compliant prediction market inside Truth Social, letting users trade contracts on elections, Fed decisions, and sports.

  • The expansion arrives as U.S. Representative Ro Khanna pushes a bill to ban elected officials, including Trump and his family, from trading or creating cryptocurrencies, citing conflict-of-interest concerns.

News - Truth Social, the media platform owned by President Donald Trump’s Trump Media & Technology Group (TMTG), is entering the booming $20 billion global prediction market through a new partnership with Crypto.com.

The upcoming feature, Truth Predict, will allow users to place wagers on real-world events such as elections, interest rate decisions, and sports outcomes using a CFTC-registered exchange operated by Crypto.com’s U.S. derivatives arm.

The beta launch is set to begin soon, with a full U.S. rollout planned afterward. According to TMTG CEO Devin Nunes, the goal is to “democratize information” and turn “free speech into actionable foresight.”

Users will also earn Truth gems, convertible into Crypto.com’s Cronos (CRO) tokens for use in prediction contracts, bridging social engagement with crypto trading.

Political and regulatory pushback - While Trump’s media company moves deeper into crypto-financial products, political resistance is mounting. Democratic lawmaker Ro Khanna announced plans to introduce legislation banning elected officials from trading or owning cryptocurrencies.

Khanna labeled Trump’s pardon of Binance founder Changpeng Zhao as “blatant corruption,” alleging links between Zhao’s financial support and Trump’s family’s crypto venture, World Liberty Financial.

Khanna’s proposal follows ongoing debates over stock and crypto trading restrictions for U.S. officials. If enacted, it could reshape how future administrations interact with the digital asset sector, just as Trump’s ventures begin blending politics, crypto, and finance.

Circle’s Arc testnet goes live with 100+ institutions, but real-world lift-off still ahead

Key points:

  • Circle opened the Arc public testnet, a Layer 1 built for on-chain finance with dollar-based fees, sub-second finality, and optional privacy, integrated with USDC and its payments stack.

  • Over 100 firms are participating, including BlackRock, Goldman Sachs, Visa, Mastercard, AWS, BNY Mellon, ICE, State Street, plus crypto venues like Coinbase and Kraken, though Arc remains testnet-stage with decentralization planned over time.

News - Circle launched the Arc public testnet, describing it as an “Economic Operating System” for financial applications such as lending, capital markets, FX, and global payments. Arc ties directly into Circle’s platform and USDC, and is designed to offer predictable dollar-based fees, sub-second settlement, and opt-in privacy configurations. 

Circle says more than 100 banks, asset managers, payment networks, exchanges, and tech providers are already testing integrations. The company also outlined a roadmap to transition Arc toward community governance with broader validator participation.

Who’s kicking the tires - Participants span traditional finance and crypto: BlackRock, Goldman Sachs, HSBC, Deutsche Bank, Standard Chartered, State Street, BNY Mellon, ICE, and payment firms like Visa and Mastercard. 

Tech and infra names include AWS and Cloudflare, while crypto platforms Coinbase, Kraken, Robinhood and DeFi projects Aave, Curve, Maple are evaluating use cases.

Regional fiat-pegged issuers such as JPYC (JPY), BRLA (BRL), QCAD (CAD), MXNB (MXN), PHPC (PHP) joined the testnet. Anthropic’s Claude Agent SDK is slated to support AI-powered developer tooling.

What to watch - Arc is early and currently testnet only. Key markers will be whether pilots meaningfully progress to mainnet, how fees and finality perform under load, and how quickly governance decentralizes beyond Circle stewardship.

Adoption by major institutions for tokenized funds, cross-border payments, and on-chain FX will be a clearer signal than sign-ups alone.

Best Price. Every Trade.

Built for active crypto traders. CoW Swap always searches across every major DEX and delivers the best execution price on every swap you make. Smarter routes. Better trades. No wasted value. Find your best price today. So why trade on any one DEX when you can use them all?

Interesting facts

  • The retail circulation of India’s digital rupee jumped to ₹10.16 billion (≈$122 million) by March 2025, up 334% from ₹2.34 billion (≈$28 million) in 2024.

  • As of mid-2025, there are around 562 million cryptocurrency owners worldwide, meaning roughly 6.8% of the global population now holds digital assets.

  • In 2025, the global carbon footprint of Bitcoin mining is estimated at 98 million metric tons of CO₂, comparable to that of Qatar.

Seeking impartial news? Meet 1440.

Every day, 3.5 million readers turn to 1440 for their factual news. We sift through 100+ sources to bring you a complete summary of politics, global events, business, and culture, all in a brief 5-minute email. Enjoy an impartial news experience.

Top 3 coins of the day

Hedera (HBAR)

Key points:

  • HBAR was trading at $0.20, marking an 11.91% jump over the past 24 hours.

  • The Parabolic SAR flipped below the candles while the MACD line crossed upward, confirming renewed bullish momentum amid a sharp rise in volume to 660.2M.

What you should know:

Hedera extended its recovery streak, with price action pushing past the $0.19 level following a surge in trading volume and positive market sentiment. The Parabolic SAR’s shift below the candles confirmed a clear trend reversal, while the MACD’s bullish crossover and expanding histogram signaled growing momentum. Volume reached one of its highest daily readings in over a month, reinforcing the strength behind the breakout. Much of the upside coincided with the debut of the first U.S. spot HBAR ETF on Nasdaq, which fueled institutional optimism and speculative inflows. If HBAR maintains support near $0.19, traders will be watching for a decisive move above $0.22 to extend gains toward the $0.23 area.

Key points:

  • TAO changed hands at $453, up 9.10% in the past 24 hours.

  • The 20-day MA held above the 50-day MA, reinforcing a bullish crossover, while the +DI stayed higher than the –DI on the DMI, signaling steady buyer dominance.

What you should know:

Bittensor continued its climb, recording another strong daily session as buyers maintained control above the $450 mark. The moving average crossover stayed intact, confirming that the short-term trend favored the bulls. Meanwhile, the DMI highlighted positive sentiment, with the +DI leading the –DI, although the ADX suggested the uptrend was still gathering momentum rather than fully mature. Volume remained firm at over 198K, consistent with growing investor activity. Beyond technicals, accumulating positions from institutional players and rising anticipation for TAO’s December halving added to the optimistic outlook. Holding above $435 keeps the setup constructive, with resistance to watch near $475.

OFFICIAL TRUMP (TRUMP)

Key points:

  • TRUMP traded at $7.18, edging up 0.62% over the last 24 hours.

  • The 20-day MA trailed slightly below the 50-day MA, hinting at a possible bullish crossover, while the Stochastic RSI lingered near 99, signaling overheated conditions amid rising volume of 12.76M.

What you should know:

OFFICIAL TRUMP recorded a modest daily gain as trading activity picked up following a stretch of subdued momentum. The MA Cross remained close to flipping, indicating that short-term buying pressure could soon outweigh the broader bearish structure. However, the Stochastic RSI reached extreme overbought territory, suggesting that the rally might be nearing exhaustion if buyers fail to sustain higher levels. Volume rose sharply, reflecting fresh speculative interest driven by renewed attention around Newsmax’s $5M plan to add TRUMP to its crypto treasury. The move reignited debate about corporate participation in politically branded tokens. For now, traders are watching whether TRUMP can hold above the $6.90 support and retest resistance near $7.80 to keep bullish hopes alive.

Get in on the markets before tech stocks keep rising

Online stockbrokers have become the go-to way for most people to invest, especially as markets remain volatile and tech stocks keep driving headlines. With just a few taps on an app, everyday investors can trade stocks, ETFs, or even fractional shares—something that used to be limited to Wall Street pros. Check out Money’s list of top-rated online stock brokerages and start investing today!

How was today's newsletter?

Login or Subscribe to participate in polls.