XRP Gains Momentum as Institutional Investors Target $2.80 Breakout
XRP is currently trading at $2.46, backed by a strong daily trading volume of $5.26 billion, indicating robust bullish momentum. Institutional investors are actively accumulating XRP below the $2.50 price level, with stop-loss orders strategically placed NEAR $1.50. Their target is a decisive breakout above $2.80, which could signal further upward movement. The growing confidence in XRP is evident from the increasing number of wallets holding over 10,000 XRP, now totaling 317,500—a 1.8% monthly rise. Recent market shakeouts have eliminated weaker retail positions, creating a more stable foundation for institutional players to drive the next phase of growth. With these developments, XRP appears poised for a significant bullish run in the near future.
XRP Builds Strong Momentum, Eyes Bullish $2.80 Breakout
XRP is trading at $2.46 with a daily volume of $5.26 billion, signaling robust bullish momentum. Institutional investors are accumulating below $2.50, with stop-losses near $1.50, targeting a breakout above $2.80. The number of wallets holding over 10,000 XRP has grown to 317,500, rising 1.8% monthly—a testament to long-term confidence.
Recent liquidity shakeouts have cleared weaker retail positions, paving the way for institutional accumulation. Analysts project resilience above $2.30, with a near-term rally likely to test $2.80. CryptoPulse notes the $10 threshold remains plausible this cycle given accelerating momentum.
Market cap stands at $144.33 billion, with 3.91% dominance. A 1.66% 24-hour gain underscores strengthening demand. The convergence of institutional interest and expanding liquidity forms the backbone of XRP's bullish thesis.
XRP Ledger Stays Strong as Major AWS Outage Highlights Internet Fragility
A widespread AWS outage in the US-EAST-1 region disrupted services across the internet early Monday, affecting platforms like ChatGPT, Reddit, Fortnite, and Coinbase. Despite the chaos, the XRP Ledger (XRPL) continued operating seamlessly, drawing attention from the crypto community.
AWS attributed the outage to DNS resolution issues with the DynamoDB API, causing increased error rates and latencies. Recovery efforts began by 5:27 a.m. ET, though backlogs prolonged stabilization for some services. The incident underscored the vulnerabilities of centralized cloud infrastructure.
Coinbase, which relies on AWS, experienced temporary login issues and transaction delays. The exchange assured users that funds remained secure and later confirmed gradual service restoration. Meanwhile, XRPL's resilience during the outage highlighted the decentralized network's reliability.
Investigator Traces $3.05M XRP Theft to Southeast Asian Laundering Ring
A crypto investor lost their life savings of $3.05 million in XRP after hackers exploited a critical security lapse. The victim imported their seed phrase into Ellipal's mobile app, effectively converting their cold wallet into a hot wallet connected to the internet. Blockchain investigator ZachXBT traced the stolen funds to a Southeast Asian laundering operation.
The theft occurred on October 12 when attackers drained the Ellipal wallet. ZachXBT's investigation highlights the dangers of improper seed phrase management, noting that importing private keys into mobile applications completely negates the security benefits of cold storage. The case underscores the importance of proper self-custody education in cryptocurrency.
$3M XRP Theft Exposes Critical Seed Phrase Vulnerability in Hardware Wallets
A North Carolina investor's $3 million XRP loss from an Ellipal cold wallet reveals the persistent risks of seed phrase mismanagement in self-custody crypto solutions. The theft, traced to October 12th, occurred when the victim's iPad displayed a hot wallet indicator while the iPhone showed secure cold wallet status—a discrepancy suggesting possible seed phrase exposure.
Ellipal's investigation highlights the fatal flaw: user error in handling recovery phrases effectively bypassed the device's air-gapped security. The incident underscores how even hardware wallets become vulnerable when operational protocols are breached. Blockchain sleuth ZachXBT's viral thread traced the stolen XRP movement, revealing common laundering patterns for such exploits.
This case reinforces the non-negotiable rule in digital asset security: seed phrases must never interact with internet-connected devices. As institutional adoption grows, such incidents serve as stark reminders that security chains are only as strong as their weakest human link.
XRP Wallets Holding 10K+ Tokens Hit Record High Amid Price Recovery
XRP's on-chain activity has surged to a historic milestone, with wallets holding at least 10,000 tokens reaching an all-time high of 317,500. This 1.8% monthly increase signals growing accumulation by mid-to-large holders despite market volatility.
Santiment data reveals a steady upward trajectory in 2025, mirroring historical patterns that often precede price recoveries. Investors appear to be capitalizing on recent dips to bolster long-term positions rather than retreating.
The token shows signs of rebounding from weekly lows as Ripple expands institutional partnerships. Market watchers note such accumulation phases typically correlate with improved sentiment across crypto assets.
Ripple-Backed Evernorth Targets Nasdaq Debut with $1 Billion XRP Treasury Plan
Evernorth Holdings Inc., a venture firm backed by Ripple, is preparing for a Nasdaq listing through a merger with special purpose acquisition company Armada Acquisition Corp II. The deal aims to raise over $1 billion, including a $200 million investment from SBI Holdings, with additional support from Pantera Capital and Kraken.
The company plans to establish the largest XRP treasury, offering investors a liquid and transparent vehicle for exposure to the cryptocurrency. Unlike passive ETFs, Evernorth will focus on institutional lending, liquidity provisioning, and value growth for shareholders.
XRP continues to draw significant attention as Ripple deepens its ecosystem through strategic investments and partnerships. The MOVE underscores growing institutional interest in digital assets.
