Jakarta, Pintu News – Recently, Ripple (XRP) experienced a significant increase in buying, with over $10 million in net buying pressure in less than 10 minutes. The main trigger for this spike was a $3 million Ripple (XRP) market buy order recorded on Binance perpetual futures, which was executed in just 100 milliseconds.
This large order managed to absorb a lot of selling liquidity, pushing the token price to a daily peak of $2.91. Currently, Ripple (XRP) is trading at $2.86 after experiencing a slight decline from its peak, according to data from CoinGecko.
This increase in the price of Ripple (XRP) was mainly due to the execution of large buy orders on trading platforms. This $3 million order that was executed very quickly has dramatically reduced the number of available sell offers, thus pushing the price up significantly in a very short period of time.
Although Ripple (XRP) has recently experienced a sharp decline in trading volume, which is usually a negative indication, this strong buying pressure indicates a great deal of interest from investors who may be anticipating positive developments in the future.
Also Read: 3 Major Factors that Could Drive a September 2025 Bitcoin (BTC) Rally!
While September is usually a bearish month for Bitcoin (BTC) and other major cryptocurrencies, Ripple (XRP) has the potential to outperform in October. It is expected that the US Securities and Exchange Commission (SEC) will give the green light for a Ripple (XRP) ETF in the fourth quarter of this year.
Franklin Templeton and Bitwise are some of the issuers involved in the Ripple (XRP) ETF race, although BlackRock and Fidelity are still not involved. If the Ripple (XRP) ETF manages to exceed expectations in terms of fund inflows, it could create a strong narrative for the token and potentially set the stage for a rally towards new record highs.
Ripple’s prestigious Swell Conference is also scheduled to take place in early November. This conference is often the venue for important announcements that could have a major impact on the value of Ripple (XRP). With this event, many market participants are looking forward to news or developments that could provide more clarity regarding the future of Ripple (XRP).
Additionally, Ripple (XRP) is currently still down about 20% from its all-time high peak of $3.65 recorded two months ago, which was largely driven by strong demand from South Korea. This suggests that there is still ample room for further recovery and growth.
With various positive developments possible in the future, including the potential ETF approval and the upcoming Swell conference, Ripple (XRP) has many catalysts that could push its price up. Investors and market watchers will continue to keep a close eye on these indicators to assess the future growth potential of Ripple (XRP).
Also Read: 4 Reasons El Salvador Moved IDR11 Trillion in Bitcoin: Protection or Sell Signal?
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