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XRP at $1.28: Whale Distribution, ETF Flows & the $1.24 Breakdown Test
Audio is available on Spreaker — see link below.
XRP crypto news: Franklin Templeton's $150M XRPL deployment barely moved the price as whale wallets shrank and exchange balances surged. Today's briefing breaks down the on-chain spike, the $1.24 breakdown level, and what active supply compression really signals.
Audio is available on Spreaker — see link below.
Franklin Templeton just put one hundred and fifty million dollars of tokenized money market fund shares onto the XRP Ledger, and the price of XRP barely moved. That tension is today's whole story.
This is the clearest version of a question that's been circling Ripple's ecosystem for a while. Bank partnerships, real-world asset issuance, ODL corridors — they all expand the business case for XRPL without necessarily creating proportional native-token demand.
Separate from the tokenization story, on-chain activity surged sharply on October twenty-fifth. Daily transactions hit three point seven million, a six-month high and forty-eight percent above the thirty-day average.
While the ledger was spiking, large holders were moving in the opposite direction. Wallet counts in the ten-million to one-hundred-million XRP range fell from three hundred and fifty-one to three hundred and thirty-nine.
One counterweight to that bearish setup is the active supply metric. The percentage of XRP active over the past year fell below forty-nine point seven percent in October, the lowest point of the year.
The real test over the next several sessions is whether one dollar and twenty-four cents holds. If it doesn't, the pathway to one dollar becomes technically clear.
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