XRP is in the middle of one of its biggest accumulation phases ever. Fresh on-chain data shows that large holders, often called whales, are adding XRP at a speed not seen before. This is happening just as several deadlines for U.S. SEC decisions on XRP exchange-traded funds (ETFs) approach in October. The overlap of these two trends makes the next few weeks important for XRP’s price and adoption.
Ali Martinez Spotlights Heavy Whale Accumulation
On-chain analyst Ali Martinez highlighted a striking surge in large-wallet buying using Santiment data. According to his report, XRP whales scooped up roughly 120 million XRP over just a few days, signaling confidence in the token’s near-term outlook.
The Santiment chart he shared shows a sharp uptick in the total balance held by addresses holding 10 million XRP or more, underscoring that deep-pocketed investors are building positions at an accelerated pace. Such aggressive accumulation often precedes price moves because whales typically act on longer-term convictions and can influence market sentiment when they add significantly to their holdings.
120 million $XRP bought by whales in the last 72 hours! pic.twitter.com/bXDjTG5mZX
— Ali (@ali_charts) September 29, 2025
Martinez noted that this fresh wave of buying coincides with growing speculation around U.S. spot XRP ETF applications, adding another layer of interest for traders watching upcoming regulatory deadlines.
Key SEC ETF Deadlines Are Coming Up
This buying spree lines up with a busy schedule for XRP ETF proposals. Over the next several weeks, the SEC will decide on a series of applications, including:
Grayscale XRP ETF – October 18, 2025
21Shares Core XRP Trust – October 19, 2025
Bitwise XRP ETF – October 20, 2025
Canary Capital XRP ETF – October 23, 2025
WisdomTree XRP ETF – October 25, 2025
Franklin Templeton XRP ETF – November 14, 2025
Any approval, or even a positive signal from regulators, could bring new money into XRP. ETFs make it easier for big investors and everyday traders to buy, which can push demand higher.
The mix of record whale accumulation and upcoming ETF decisions gives XRP a powerful setup. If one or more of these ETFs get approved, it would mark a major step toward mainstream adoption and could draw fresh capital into the market.
Read also: Veteran Bitcoin Investor Makes Shocking XRP Price Prediction for 2025
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