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XRP approaches $1.53 breakout as largest holders freeze activity, with upcoming ETF listing and network upgrade eyed
XRP is trading in a tight $1.48–$1.51 range, nearing a potential breakout above the $1.53 resistance level on its 4-hour chart. On-chain data shows that large XRP holders have paused all market activity, with aggregate whale balances frozen at 3.9 billion tokens. This comes as the market anticipates Evernorth's XRPN vehicle to list on Nasdaq on October 8, and the BatchV1_1 upgrade to activate on the XRP Ledger on October 8–9, enabling atomic settlements for Asian banking partners. U.S. spot XRP ETFs have also seen net inflows of 1.7–1.8 billion tokens, providing price support.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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