XRP Price Forecast: Market Participants Express Concerns – However, Large Holders and ETF Enthusiasm Present a Contrasting Perspective

Uptober commenced with a robust 7% increase for Ripple, as XRP surged back above $3.00 before falling below that threshold again a few days later. This rapid shift has left traders feeling uncertain, prompting many analysts to adopt a bearish stance on short-term XRP price forecasts.

Nevertheless, XRP’s institutional backing has reached unprecedented levels. The cryptocurrency recently surpassed BlackRock in market capitalization and may be targeting Tether next, which is currently around $174B.

Ripple’s significant legal victory has ushered in a new era, with regulatory clarity, institutional investments, and even interest from Wall Street accumulating. However, despite these developments, social sentiment has diminished. Data from Santiment indicates that XRP’s bullish-to-bearish ratio has fallen below 1.0, suggesting that negative discussions are outpacing the enthusiasm.

Source: Santiment

Still, analysts interpret this as a positive indicator. Markets often behave contrary to retail expectations. A similar decline in sentiment occurred in April when XRP dropped approximately 25%, only to rebound over 125% shortly thereafter. Whales are quietly accumulating again, which typically signifies that informed investors are preparing for the next significant movement while the broader market remains skeptical.

Top XRP Whales Are Doubling Down

Source: CryptoQuant

Examining the chart that tracks the activity of top XRP whales over the past few months reveals that they have been increasing their positions. The prominent blue spikes generally indicate that whales are transferring XRP to sell, a short-term bearish signal. However, recently, these spikes have diminished, indicating that significant selling pressure from large players is subsiding.

This is largely contrary to the actions of smaller traders. Glassnode data supports this observation, showing that XRP supply held by wallets containing over 100 tokens has been steadily rising throughout this consolidation phase, indicating that whales are quietly accumulating while retail investors are in a state of panic.

XRP Price Prediction: When Will We Finally See $5?

XRP recently attempted to escape its descending channel but faced rejection and has slipped back inside for the time being. Nonetheless, the chart suggests a potential bullish reversal if the price can decisively break above the upper trendline. XRP is currently trading around $2.91, with significant resistance levels at $3.00 and $3.10.

A confirmed move above $3.10 could initiate a rally toward $3.60–$3.70, aligning with the major supply zone from the July peaks. Conversely, if XRP falls below $2.70, it may revisit $2.60, where strong historical support exists.

The RSI is positioned around neutral, and the MACD is flat, indicating that momentum is building but remains undecided. If bulls can reclaim $3.00 with substantial volume, a new uptrend could commence. With whales continuing to accumulate and Uptober developing positively, the bullish scenario appears increasingly plausible at this time.

Could Maxi Doge Outshine XRP Before Year-End?

XRP whales are accumulating, sentiment is shifting bearish, and it is well-known what typically follows — informed investors begin to profit while retail remains inactive. While XRP’s setup seems poised for a significant rebound, another project is gaining similar early-cycle momentum, Maxi Doge.

Recently launched from presale, Maxi Doge has already attracted over $2.85 million, quickly establishing itself as one of the leading meme coins to monitor during this bull run. Centered around the unapologetic “gym bro” Doge persona, it possesses the same vibrant community energy that propelled early Dogecoin and Shiba Inu to success.

However, the distinguishing factor is that Maxi Doge is structured intelligently. Nearly 40% of the supply was allocated to the public, with no insider distributions or private rounds. This means there are no whale sell-offs poised to undermine your holdings when it reaches major exchanges. Additionally, staking rewards are offering up to 120% APY, providing early holders with an incentive to remain invested and accumulate more.

In a manner similar to how XRP whales discreetly accumulated before each major movement, early supporters of Maxi Doge are beginning to do the same. The project’s combination of meme appeal, staking utility, and fair launch presents a compelling opportunity in an Uptober market that is gearing up for rotation plays.

Click here to buy $MAXI

The post XRP Price Prediction: Traders Are Fearful – But Whale Wallets and ETF Optimism Tell a Different Story appeared first on Cryptonews.