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XRP surged 3.6% to $2.31, breaking resistance at $2.28 with strong trading volume. Canary Capital’s revised XRP ETF prospectus moves closer to SEC review. XRP had a notable day on Saturday, climbing 3.6% to $2.31 and outperforming Bitcoin and Ethereum during that time. Its price broke above near-term resistance at $2.28 with volume 86% above, and this marks XRP’s largest one-day move in over a week. The move came as institutional developments started to mount while network activity on the blockchain increased. ETF Filings Enter Critical Review Phase Canary Capital Group filed a revised prospectus for its anticipated exchange-traded fund for XRP, putting the product one step closer to approval from the Securities and Exchange Commission. The fund would trade on Nasdaq under the symbol XRPC, with custodial service from Gemini Trust Company and BitGo Trust Company for safety. This change comes after 21Shares filed a similar application, officially triggering a timeline that, by law, would compel the SEC to make its first decision on funds based on XRP. Bloomberg analyst Eric Balchunas called the moment important and drew parallels between what happened here and the approval of Bitcoin and Ethereum products. These announcements served as a signal of a broader institutional interest in alternative exposure to digital assets beyond the two established assets. Ripple’s ecosystem showed a healthy amount of growth with 21,595 new wallets created in just 48 hours, representing the largest 48-hour increase in 8 months of activity. Technical indicators shifted to a bullish pattern, as XRP established higher lows during Saturday’s consolidation day, with buyers stepping in each time the price approached the $2.30 support level. Nevertheless, around 900,000 XRP tokens entered exchanges over a period of 5 days, which indicates that some traders may have taken profits at this level. Market participants can now keep watching to see whether XRP can hold positions above the $2.30 level with greater significance. If the price crosses the $2.35 level, it will have the chance to build momentum toward $2.80. As time moves quickly toward the end of the year, ETF approvals continue to be the major catalysts behind any price movement for the near-term. $XRP

I was already trading $XRP and $SOL , so when I saw the pumpkin puzzle event, I figured I’d try it out. Turns out it was way simpler than I expected. I just did my normal trades and the puzzle pieces kept adding up on their own. Finishing the full puzzle gives you a shot at some extra $BGB , and collecting pieces over time feels like quietly stacking while the market chills. There’s even a quick USDT spin in the mix. It’s one of those small, low-effort events that actually feels worth jumping into.

#BTC, #ETH, #XRP Treasury Firms Hit Hard Amid Crypto Crash- Will Wall Street Hold Or Sell? Companies holding Bitcoin, Ethereum, and XRP are facing deep valuation drops. This comes amid a month-long market downturn in October. Analysts warn that many DATs are operating their treasury like speculative bets. Crypto treasury firms holding BTC, ETH, and XRP are seeing unrealized losses in their portfolio. This is amid the recent month-long downturn in the market that exposed the risks of holding crypto as treasury assets. Crypto Treasury Firms Face Steep Valuation Losses The crypto crash has wiped billions from company treasuries that invested eavily in digital assets. Market data shows that top crypto treasury firms have watched their valuations plummet as prices tumbled sharply throughout October, including those with heavy exposure to BTC, ETH, and XRP. CryptoQuant shared a recent analysis highlighting the losses. Evernorth, who barely entered the market for XRP, has logged around $78 million in unrealized losses. This comes just more than two weeks after investing almost $947 million into the token. Current holdings are around $868 million. Bitcoin and Ethereum treasuries have also taken a heavy hit. Strategy has shed more than 50% from its stock price. The shares now change hands at the low end of their valuation range relative to Bitcoin. At the same time, Japan’s Metaplanet is sitting on an unrealized loss of about $120 million. Its stock is also down nearly 80% from its peak. Importantly, BitMine added 442,000 ETH to its Ethereum reserves after the market wipeout on October 10. However, it still reports an estimated $2.1 billion in paper losses. Expert Questions the Sustainability of DATs Some experts are concerned that certain companies may be looking at crypto treasury strategies as leveraged bets rather than as protection for their long-term finances. Omid Malekan, blockchain author, criticized the wave of “digital asset treasuries” (DATs). He suggested that many were set up as “get-rich-quick schemes” rather than disciplined corporate initiatives. Malekan mentions that many DAT projects started off with unrealistic expectations. These issues lowered their value even before the companies started operating. He mentioned that some founders and venture capitalists place themselves on boards. This creates conflicts of interest, encouraging quick selling of tokens. This is a case he said has increased selling pressure in the crypto market. “Many of these projects became exit vehicles for insiders,” said Malekan. “By releasing their unlocked tokens into the market, they accelerated price declines and shattered investor trust.” The loss in value occurred earlier when expert ETF analyst Nate Geraci suggested the new crypto ETF standard could affect the valuation for many digital asset treasury firms. If you want to know how to better use your XRP, BTC, ETH, DOGE.

$XRP broke out of its downtrend after forming a clear double bottom, showing strong bullish momentum. It’s now holding above support and trying to stabilize before the next move. If this structure continues, a push toward the $2.45–$2.55 zone looks highly possible next.