Ripple's three bullish signals surfaced, and giant whale hoarding ETFs continued to flow in

According to Woofun AI, against the backdrop of increased market volatility in October, Ripple (XRP) showed three significant bullish signals: continued outflow of exchange reserves, accelerated capital accumulation by giant whales, and continuous net inflows of spot ETFs. This structural change shows that despite short-term price fluctuations, underlying assets are being concentrated in long-term holders, laying the foundation for subsequent market conditions.

Looking at exchange reserves and giant whale trends, analyst Amr Taha quoted CryptoQuant data and pointed out that from September 26 to October 4, the number of Ripples held by Binance dropped from 2.704 billion to 2,631 million; from September 11 to October 5, Upbit also lost 31.6 million Ripples. Together, these two exchanges have reduced Ripple tokens by about 104.7 million.

Notably, on September 29, the whale-level capital outflow rate reached 84.2% on the Binance platform, with retail investors accounting for only 15%, indicating that the supply side is shrinking. According to data compiled by Woofun AI, Santiment statistics found that the total number of Ripple addresses holding 10 million to 100 million Ripples increased from 12.48 billion on September 6 to 13.8 billion by October 6. Most of this increase occurred during the concentrated increase in holdings around September 24.

This kind of giant whale's fund-raising behavior resonates with the decline in exchange inventories, further confirming the logic of reducing market pressure.

In terms of institutional capital flows, SosoValue data shows that Ripple-related ETFs have had net inflows for 12 consecutive weeks. Since mid-July, Bitcoin BTC and Ethereum ETH-related ETFs have had outflows every week, and there have also been 4 outflows from Hyperliquid HYPE related ETFs. However, the Ripple ETF had a net inflow of $4.74 million last week. Although it has slowed from $75.6 million a week ago, it has maintained positive accumulation.

Meanwhile, Ripple-backed Evernorth is expected to complete the merger with Armada Acquisition Corp. II on October 7, after which the company will be listed on NASDAQ under the XRPN code. Evernorth will hold approximately 473 million Ripple assets, making it the largest publicly traded Ripple asset pool, although its value is 37% lower than when the merger was signed. Armada stock had risen before news of the merger, closing at $38.65 on Monday, up 142.02% in 5 days. In contrast, Ripple itself traded at $1.51, down 1.36% on the same day, but its overall increase of more than 43% in July, August, and September showed strong fundamental support.

Despite strong price performance, leveraged trading did not follow suit at the same time. The value of Ripple's open positions on the Binance platform is $516.6 million, far below the $1.3 billion level in October 2025, indicating limited speculation in the market. The latest analysis shows that if Ripple closes above $1.53 within 4 hours, it is expected to rise further to $1.62. Key events this month include the Evernorth listing, Ripple's Swell meeting, and the Federal Reserve's October 27-28 meeting. These macro and industry nodes may jointly determine Ripple's next trend.