XRP saw its valuation decline by 13.4% during October, with the price dropping to $1.29. this downward trend persisted despite the asset attracting $14.52 million in spot ETF inflows during the same period .
The $14.52 million ETF inflow that failed to stop the slide
The recent price action for XRP reveals a striking disconnect between institutional investment vehicles and market price. As reported in the source, the altcoin fell from $1.49 to $1.29 in October, effectively neutralizing the bullish momentum that spot ETF inflows of $14.52 million should have provided. This suggests that institutional buying through ETFs is currently insufficient to offset broader selling pressure in the open market.
This pattern echoes a recurring theme in the cryptocurrency sector where the launch or growth of a regulated financial product does not immediately translate to price appreciation. For XRP, the inability of these inflows to sustain the price indicates that the market is weighing other macroeconomic or token-specific risks more heavily than the convenience of ETF access.
Why $112.4 million in monthly whale inflows to Binance signal pressure
While ETF investors are buying, larger "whale" holders appear to be preparing for exits. According to the report, monthly inflows of XRP from whales—defined as holders of more than one million tokens—to Binance have surged from an August average of $72 million to $112.4 million. This increase represents some of the highest levels of whale activity seen since March.
The volatility is further highlighted by massive daily spikes, with some days seeing $400 million in whale inflows to the exchange, as noted by analyst Darkfost. In the crypto ecosystem, moving large quantities of tokens onto an exchange is typically viewed as a precursor to selling. This aggressive movement by high-net-worth holders is likely the primary driver behind the current price suppression, overriding the modest gains from ETF participants.
The 4,772 new daily wallets fighting the price drop
Despite the whale-driven sell-off,grassroots adoption of the XRP Ledger remains surprisingly resilient. Data from the crypto intelligence platform Santiment shows a steady rise in the number of non-empty wallets, suggesting that smaller investors are accumulating during the dip. Specifically,the number of new XRP wallets created in a single day recently jumped to 4,772,marking the fifth-largest spike in this metric since March.
However, this retail enthusiasm is clashing with a shift in transaction behavior. AMBCrypto reported that the share of exchange transactions exceeding one million XRP has plummeted from 60% to 38.6%. This indicates a slowdown in large-scale transfers between holders, suggesting that while new users are entering the ecosystem, the "big players" are either stagnating or shifting their strategy toward liquidating on Binance.
Testing the $1.25 demand zone after the $1.65 peak
From a technical perspective, XRP is currently returning to a critical support level it previously dfeended in mid-September.. After a bullish reaction at the $1.25 zone pushed the token up to a peak of $1.65 , the subsequent retracement has brought the price back down to the $1.27-$1.31 range.
Swing traders are now focused on whether the $1.25 demand zone will hold. If XRP fails to find support at this level, the bullish narrative supported by new wallet growth could be invalidated. Conversely, a successful bounce from $1.25 would signal that the retail accumulation and ETF inflows are finally beginning to outweigh the $112.4 million monthly whale pressure on Binance.
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