Ripple [XRP] News Roundup: $2 Billion Whale Buy Meets a Make-Or-Break Resistance Wall

Someone with deep pockets just moved $2 billion into $XRP in under a week, and it happened right as short sellers started stepping back. Whether that momentum survives contact with a resistance zone that’s rejected $XRP multiple times before is the question now hanging over the token.

Big Money Is Buying In

Large wallets bought up around 1.54 billion $XRP in just four days, worth close to $2.2 billion. Traders say this kind of fast buying spree often comes right before a big price move. Around the same time, a trader shorting $XRP on Hyperliquid started backing out, buying back 450,000 $XRP and cutting their bet against the token nearly in half.

Fund Managers Keep Buying Even While Price Is Soft

CoinShares told the SEC in a new filing that they now hold 148.66 million $XRP, up from 129.75 million back in December. They kept buying even as price cooled off recently. Franklin Templeton’s clients also picked up about $1.5 million worth of $XRP.

A Leveraged ETF Gets Delayed, Not Cancelled

Volatility Shares pushed back the launch of their 3x leveraged $XRP ETF to October 18. The paperwork is still active, so this is just a delay, not the product getting scrapped.

South Korea Can’t Get Enough $XRP

On Upbit, one of South Korea’s biggest exchanges, $XRP is now the single most traded coin, with $183.8 million traded in a single day. That’s more than 10% of everything traded on the exchange, and more than double what Bitcoin sees there.

Government Debt Now Settles On $XRP’s Blockchain

Ondo Finance launched OUSG, its tokenized US Treasury fund, directly on the $XRP Ledger. It uses Ripple’s $RLUSD stablecoin to handle deposits and withdrawals. This means government debt is now settling on $XRP’s network for the first time, running alongside how it’s normally done.

A Small But Important Update Is Almost Approved

A proposal called Permission Delegation, which lets $XRP accounts give out limited access instead of full control, picked up 15 new yes votes in just 10 days. It’s now just 3 votes away from getting approved. Wormhole is getting limited access to Ripple’s $RLUSD account so other projects like Flare can plug in and offer more to $XRP holders, while compliance teams at companies get the restricted access they’ve been asking for.

An Independent Check Confirms $XRP Is Eco-Friendly

An outside energy audit through exchange Bitvavo confirmed $XRP remains one of the most energy-efficient cryptocurrencies out there, using a tiny 0.00002 kWh per transaction with basically zero direct emissions.

Price Level That Decides What Happens Next

All this good news runs into a wall between $1.49 and $1.54, a zone that’s turned $XRP back more than once already. If $XRP can break through, close above it, and hold there, that opens the door to more upside. If it gets rejected again, expect more sideways chop, with $1.30, $1.20, and $1.10 as the next levels to watch on the way down.