🚨 XRP Spot ETF Incoming – But On-Chain Data Looks Weak 🚨

The XRP market is at a crossroads. On one hand, excitement is building as the first U.S. XRP spot ETF is set to launch this Thursday under REX Shares & Osprey Funds (ticker: XRPR). Analysts expect it could draw up to $5B in inflows, boosting XRP’s liquidity and visibility. Ripple has also stepped up its ecosystem push, recently donating $25M via its RLUSD stablecoin to a non-profit.

But beneath the hype, the on-chain picture is troubling:

🐋 Whales dumped 160M XRP in just two weeks.

📉 Daily transactions dropped by 600K, now sitting at 223K.

🔻 Binance withdrawals collapsed by 97%.

Price action reflected this tug-of-war. XRP briefly pumped past $3.10 on ETF optimism but quickly corrected back near $2.96.

👉 This looks like a classic case of “buy the rumor, sell the news.” Whales are cashing in, while real network demand seems weak.

📊 The big question: Will the ETF spark a sustainable rally, or is this just hype over fundamentals?

$XRP $BNB

#XRP #Ripple #CryptoNews #ETF #XRPR #Altcoins #CryptoMarket #Whales #OnChainData #BullishOrBearish