A Republican lawmaker in the US House of Representatives has introduced legislation to make one of President Donald Trump’s executive orders — which allows alternative assets such as cryptocurrencies in 401(k) retirement plans — a permanent part of federal law.
Representative Troy Downing presented the draft bill before the House Financial Services Committee, aiming to codify Executive Order 14330 and give it lasting legal authority.
The move, first reported by Politico, would mark a significant step toward integrating digital assets into mainstream retirement investment options.
Trump’s Executive Order on Retirement Options
Executive Order 14330, signed by Trump on August 7, directs that every American planning for retirement should have access to funds that include “alternative assets” when deemed suitable by a fiduciary overseeing the plan.
The order defines alternative assets broadly — including private market investments, real estate, commodities, infrastructure projects, lifetime income strategies, and digital assets through actively managed investment vehicles.
Although executive orders set federal priorities, they do not carry the permanence of law and can be overturned by subsequent administrations or court rulings.
To make such policies enduring, Congress must pass a bill approved by both chambers and have it signed into law.
Legislative Push Continues Despite Shutdown
Despite an ongoing government shutdown, Congress remains able to introduce and debate new legislation.
Trump’s executive order also instructed the Department of Labor, the Securities and Exchange Commission (SEC), and the Treasury Secretary to review and prioritize new guidance for 401(k) plans within six months.
The goal is to expand access to diversified retirement investment strategies, including exposure to digital and alternative assets.
Expanding Crypto Access for Retirement
The initiative to include digital assets in US retirement accounts has been building momentum throughout 2025.
Earlier this year, the Department of Labor withdrew Biden-era guidance warning fiduciaries to be “extremely cautious” about including crypto in retirement portfolios.
In September, shortly after Trump’s executive order took effect, nine lawmakers sent a letter to SEC Chair Paul Atkins urging faster implementation.
They argued that doing so could “help the 90 million Americans that are currently restricted from investing in alternative assets to secure a dignified, comfortable retirement.”
According to data from the Investment Company Institute (ICI), Americans held $9.3 trillion in 401(k) assets as of June 30, 2025 — highlighting the potential scale of impact if digital assets become a standard investment option.
Industry Divided on Crypto’s Role in 401(k)s
The proposal has sparked debate among financial experts.
Critics warn that crypto’s volatility could endanger retirement savings, while supporters see it as an important step toward financial modernization.
André Dragosch, head of European research at Bitwise, told Cointelegraph in August that the inclusion of cryptocurrency in US retirement plans “could mark a major step for Bitcoin adoption and attract billions in new capital.”
Bitcoin’s price turbulence continued Friday after briefly plunging to $102,000, as traders reacted to U.S. President Donald Trump’s announcement of a 100% tariff on Chinese imports.
Swan Bitcoin CEO Cory Klippsten said the market should brace for more instability in the days ahead, warning that macroeconomic forces are likely to keep influencing Bitcoin’s short-term movements.
“If the broader risk-off mood holds, Bitcoin can get dragged around a bit before it finds support and starts to decouple again,” Klippsten said.
Market Wipeout Follows Tariff Announcement
The crypto market saw over $8 billion in long liquidations within 24 hours, according to CoinGlass data.
Bitcoin alone accounted for around $2.19 billion in liquidations, wiping out leveraged positions as prices fell sharply across exchanges.
“We’ve got a little panic in the markets right now, classic macro whiplash. Trump and China are trading tariff threats, equities are off, and traders are scrambling to derisk,” Klippsten added.
Ray Salmond, head of markets at Cointelegraph, said many traders “were totally caught off guard” by the speed of the sell-off. He described the tariff announcement as having “sent shockwaves across the crypto market.”
At the time of writing, Bitcoin had rebounded slightly, trading near $113,270, according to CoinMarketCap.
Cascading Liquidations Across Exchanges
Salmond highlighted how the price divergence between major trading platforms underscored the severity of the liquidation cascade.
On Coinbase, the BTC/USD pair hit a low of $107,000, while Binance’s perpetual futures saw Bitcoin fall to $102,000.
“The dislocation really illustrates the severity of the cascading liquidations and how stops were completely obliterated,” Salmond explained.
He referenced data from Hyblock, which revealed that nearly all downside long liquidity had been absorbed, leaving a liquidation cluster between $102,000 and $97,000.
Tariffs and Past Price Reactions
This isn’t the first time a tariff announcement from Trump has rattled the crypto markets.
In April, similar trade measures triggered fears of a global slowdown and sent Bitcoin tumbling.
On February 1, after Trump signed an executive order imposing tariffs on goods from China, Canada, and Mexico, Bitcoin briefly dipped below $100,000.
Analysts View Dip as Opportunity
Despite the turmoil, some analysts see the correction as a healthy market reset.
Bitwise Invest’s senior investment strategist Juan Leon noted that “the best time to buy BTC has tended to be when it is being dragged down by broader markets.”
Matt Hougan, chief investment officer at Bitwise, reminded investors that buying during pullbacks is rarely comfortable but often beneficial.
“It never feels good when you buy the dip. The dip comes when sentiment drops. Writing the number down can be a good form of discipline,” Hougan said.
Bitcoin’s sharp swings remain tied to macro events, but analysts maintain that the long-term outlook for the cryptocurrency remains intact.
Cryptocurrency investment products have recorded their highest-ever weekly inflows, fueled by investor concerns over US government stability and the ongoing rally in spot crypto markets.
According to CoinShares, global crypto exchange-traded products (ETPs) saw $5.95 billion in inflows during the week ending Friday, setting a new record.
Factors Behind the Surge
James Butterfill, CoinShares’ head of research, attributed the unprecedented inflows to several macroeconomic factors.
“We believe this was due to a delayed response to the FOMC [Federal Open Market Committee] interest rate cut, compounded by very weak employment data […], and concerns over US government stability following the shutdown,” he said.
Bitcoin, the largest cryptocurrency by market capitalization, hit a new historic high above $125,000 on Saturday, coinciding with the surge in inflows.
Bitcoin ETPs Lead the Pack
The $5.95 billion inflows surpassed the previous record of $4.4 billion from mid-July by 35%, underscoring the scale of investor interest.
Unlike the earlier record, which was almost evenly split between Bitcoin and Ether, this time Bitcoin dominated inflows, attracting a record-breaking $3.6 billion.
“Despite prices closing in on all-time highs during the week, investors did not choose to buy short investment products,” Butterfill noted.
Ether ETPs still posted strong results, drawing $1.48 billion in inflows and pushing year-to-date totals to $13.7 billion — nearly three times last year’s figure.
Solana ETP inflows ranked third at $706.5 million, while XRP products added $219.4 million, both setting their own records.
Total Assets Under Management Reach New High
In line with these inflows, the total assets under management (AUM) in crypto funds surged past $250 billion for the first time, hitting $254.4 billion.
This milestone signals renewed institutional and retail investor confidence in cryptocurrency-based products.
ETF Launches Continue Despite Shutdown Concerns
The record-setting week for crypto ETPs unfolded even as the US Securities and Exchange Commission (SEC) shut down operations last week due to a government shutdown.
This development raised concerns about potential delays for high-profile exchange-traded fund (ETF) approvals expected in October.
According to Crypto in America’s Eleanor Terrett, the SEC retains the ability to act on fraud and market emergencies during the shutdown but is widely expected to experience routine delays.
“It’s like a rain delay,” Bloomberg’s senior ETF analyst Eric Balchunas commented.
Despite these concerns, Grayscale Investments, the second-largest US crypto ETF provider after BlackRock, launched two new staking-focused products on Monday.
Staking-Focused ETFs Arrive
The Grayscale Ethereum Mini Trust ETF (ETH) and the Grayscale Ethereum Trust ETF (ETHE) now allow investors to receive additional staking rewards alongside gains from the funds’ market performance.
These launches highlight the continued innovation in crypto investment products, even amid regulatory and operational uncertainties in the United States.
The combination of record inflows, rising asset prices, and new product launches underscores a bullish environment for digital asset investment vehicles.
Solana is gaining renewed attention among institutional investors, according to Matt Hougan, Chief Investment Officer of crypto asset manager Bitwise.
Hougan recently told Solana Labs that Solana has the potential to become “the new Wall Street” among blockchain networks.
He emphasized that to traditional financial audiences, Bitcoin feels “very ephemeral” and difficult to conceptualize in institutional investment frameworks.
Instead, he said, these investors are watching stablecoins and tokenization more closely:
“Really important people are saying that stablecoins will reinvent payments and tokenization will reinvent stock, bond, commodity, and real estate markets.”
When evaluating blockchain platforms, Hougan said institutions gravitate toward efficiency, low latency, and transaction finality.
In that context, he pointed to improvements in Solana’s settlement speed—from 400 microseconds to 150 microseconds—as an attribute that interfaces well with how institutional players like to trade.
Solana’s Place in the Stablecoin Landscape
Despite Solana’s growing traction, it remains small in comparison to Ethereum in the stablecoin space.
On Solana, on-chain stablecoin value totals about $13.9 billion, giving it 4.7% market share as measured by RWA.xyz.
Ethereum, by contrast, holds a dominant position: ~$172.5 billion in stablecoin value, or ~59%, which rises to 65% when layer-2s are included (e.g. Arbitrum, Base, Polygon).
AJ Warner, Chief Strategy Officer at Offchain Labs, contrasted the two platforms, asserting:
“TVL is definitely not everything, but I don’t think you can doubt where the best place to launch new stablecoins is. Build within the EVM.”
This underscores that many in the industry still see Ethereum’s ecosystem and compatibility as a strong moat.
Bitwise’s Long Bet on Solana
Bitwise has been publicly bullish on Solana before. At Token2049 in Singapore, its CEO Hunter Horsley argued that Solana may outshine Ethereum in the staking ETF arena.
His argument hinged on Solana’s faster unstaking period, which is important for funds that must be able to redeem assets swiftly.
Bitwise currently offers a Physical Solana ETP, allowing investors exposure to SOL via fully backed assets in institutional custody.
However, this product remains modest in size, with approximately $30 million in assets under management.
A more ambitious move is Bitwise’s application for a spot Solana ETF, with regulatory approval expected (or decided) around October 16.
At the time of Hougan’s remarks, SOL was trading around $227, down 2% on the day and more than 22% below its January high.
Betting on the Future of Tokenization
Hougan’s thesis frames Solana not merely as a blockchain, but as a platform poised for adoption by Wall Street players.
Stablecoins and tokenization represent an entry point for institutional flows.
If a network offers low friction, high throughput, and reliable finality, it could become a preferred infrastructure for tokenizing real-world assets.
Whether Solana can climb further against Ethereum’s entrenched position remains a question—yet Bitwise is clearly positioning itself for that possibility.
Bitcoin miner CleanSpark ended September with 13,011 BTC in its treasury, reflecting stronger efficiency and output compared to the previous year.
The company’s monthly production rose 27% from September 2024, mining 629 BTC and selling 445 BTC for approximately $48.7 million at an average price of $109,568.
In its Friday update, CleanSpark reported that its fleet efficiency improved 26% year over year, while its average operating hashrate for the month reached 45.6 EH/s.
Push for Financial Independence
CleanSpark has been selling a portion of its monthly Bitcoin production since April as part of its strategy to become financially self-sufficient.
It also opened an institutional Bitcoin trading desk to facilitate these sales.
In August, the company generated $60.7 million from the sale of 533.5 BTC, demonstrating the scale of its operations.
The miner’s shares on Nasdaq rose 5.28% following the report and gained more than 23% over the week, according to Yahoo Finance.
The broader market has also been buoyant.
The market capitalization of 15 major publicly traded Bitcoin miners reached a record $58.1 billion in September, up from $41.6 billion in August and more than double the $19.9 billion recorded in March, according to The Miner Mag.
Challenges Ahead for Bitcoin Miners
Despite investor enthusiasm for mining stocks, the industry faces increasing headwinds.
Higher energy costs and the risk of tariffs on imported mining equipment could weigh on profitability.
In August, The Miner Mag reported that U.S. Customs and Border Protection alleged some of CleanSpark’s 2024 mining rigs were manufactured in China.
This could leave the company with potential tariff liabilities of up to $185 million.
Iris Energy (IREN), the largest Bitcoin miner by market capitalization, is also contesting a separate $100 million tariff dispute with the agency.
According to Cointelegraph, the effective duty on China-made mining rigs stands at 57.6%, while machines imported from Indonesia, Malaysia, and Thailand face tariffs of 21.6%.
Rising Mining Difficulty
Bitcoin mining difficulty reached record highs in September and October.
This means miners now expend more computing power and energy to produce the same amount of Bitcoin, putting further pressure on operational costs.
CleanSpark’s push for efficiency and its growing BTC reserves highlight its determination to navigate these challenges while maintaining financial independence.
BNB, the native cryptocurrency of the BNB Chain developed by Binance, reached a historic milestone on Friday as its price surged to an unprecedented $1,111.90.
The token, which has become one of the largest in the market, climbed more than 7.4% in the past 24 hours and has soared 17.5% over the past week, according to CoinGecko data.
This rally coincides with a renewed wave of institutional interest. Analysts noted that treasury companies have been accumulating BNB, particularly since the coin’s previous all-time high in July. Regular token burns conducted by Binance have also been cited as a major driver of price appreciation, with some predicting even more growth ahead.
Predictions Point to Further Upside
Standard Chartered projected in May that BNB could peak at $1,275 in 2025, forecasting that its performance would mirror gains in other top cryptocurrencies like Bitcoin and Ether.
The broader crypto market also participated in Friday’s upswing. Total cryptocurrency market capitalization rose 1.6% to reach $4.2 trillion, highlighting continued investor appetite for digital assets.
BNB Chain Metrics Show Robust Growth
The rally in BNB’s price is not happening in isolation. Activity on BNB Chain has been climbing sharply, according to DefiLlama.
The network’s total locked value (TLV) increased 2.5% in the past 24 hours, topping $8.23 billion. At the same time, the number of active addresses hit 73.24 million last month, the highest level on record.
Transaction volumes have also surged. In September, BNB Chain logged 4.34 million transactions, its second-largest monthly tally behind June’s record high.
This growth comes despite a recent security scare. The official X account for BNB Chain was compromised on Wednesday, with hackers posting phishing links designed to target crypto wallets.
Network Upgrades Aim to Boost Efficiency
BNB’s team is also implementing key upgrades to improve network efficiency. On Wednesday, validators and builders operating on the chain adopted a new minimum gas price of 0.05 gwei. According to a post on X, this change is expected to deliver faster and cheaper transactions.
“Next step for wallets, CEXs and trading platforms: To adopt 0.05 gwei to align with the network and keep BNB Chain the most attractive home for onchain activity,” the BNB team stated.
Looking further ahead, the team plans to increase the block gas limit from 100 million to 1 billion in order to handle rising demand. By 2026, the goal is to create a blockchain architecture capable of processing 20,000 transactions per second with confirmation times under 150 milliseconds.
More Upgrades Already Live
Two major upgrades have already been implemented this year. The Maxwell upgrade went live in June, designed to produce faster blocks, enhance validator coordination and improve overall performance. It also fueled speculation that another price rally could be imminent.
In April, the Lorentz Hard Fork was activated, cutting block times and strengthening validator networking. This adjustment made BNB Chain more suitable for latency-sensitive applications and set the stage for its current growth.
The BNB team has also outlined plans for native privacy features, upgradable virtual machines, and more user-friendly tools in 2026, positioning the network as a major competitor in the blockchain space.
The price of Avalanche’s native token AVAX surged after a newly formed company revealed plans to go public in the U.S. and acquire more than $1 billion worth of the cryptocurrency.
Avalanche Treasury Co. announced on Wednesday that it will merge with Mountain Lake Acquisition Corp., a special purpose acquisition company (SPAC), in a transaction valued at over $675 million.
The combined business intends to list on Nasdaq under the ticker “AVAT” during the first quarter of 2026, pending shareholder and regulatory approvals.
Ava Labs founder and CEO Emin Gün Sirer will join as an adviser, marking another step for institutional involvement in the Avalanche ecosystem.
This venture is only the second dedicated Avalanche-focused treasury company and reflects a broader trend of firms going public or shifting toward cryptocurrency accumulation this year.
Exclusive Relationship With Avalanche Foundation
Avalanche Treasury Co. said it has an “exclusive relationship” with the Avalanche Foundation, the nonprofit supporting the blockchain.
According to reports, the foundation has considered selling millions of AVAX tokens at discounted prices to treasury companies, providing a pipeline for large-scale acquisitions.
The company aims to hold more than $1 billion worth of AVAX following its public debut next year.
It expects its initial capital raise to produce approximately $460 million in funded treasury assets.
AVAX Price Reacts to News
The market responded quickly to the announcement.
AVAX climbed to an intraday high of $31.32 shortly after the news and remains up 2.3% over the past 24 hours, according to CoinGecko data.
Backing for the merger has come from an array of crypto-focused venture firms and companies, including Dragonfly, VanEck, FalconX, Monarq, Galaxy Digital, Pantera Capital, CoinFund, and Kraken.
Former Susquehanna Crypto CEO Bart Smith has been named the CEO of Avalanche Treasury Co., bringing traditional market-making experience to the project.
Moving Beyond Passive Holdings
Avalanche Treasury Co. emphasized that its strategy goes beyond simple token accumulation.
The company plans to generate revenue through “targeted protocol investments” and will establish its own validator infrastructure to support the network.
It also intends to help enterprises tokenize real-world assets and stablecoins on Avalanche.
“Many institutions have difficulty accessing digital assets or are limited to holding native tokens without yield or ecosystem integration,” Smith said.
“We created Avalanche Treasury Co. to offer something we believe will be more valuable than passive exposure.”
Competing for Market Share
This new company joins a wave of similar ventures.
AgriFORCE Growing Systems recently announced plans to rebrand as AVAX One and acquire $700 million worth of AVAX, reflecting rising competition for large-scale positions in Avalanche’s token supply.
Avalanche Treasury Co. stated that it will begin with an initial AVAX purchase at a discount to market price.
It also secured an 18-month priority on Avalanche Foundation token sales to U.S. digital asset treasury firms.
The company said it is targeting a multiple of net asset value (mNAV) of 0.77 — a 23% discount compared with buying AVAX directly.
However, some analysts have criticized the mNAV metric, arguing it does not accurately represent a company’s financial health.
Blockchain oracle provider Chainlink has unveiled one of the first products from its pilot with UBS Asset Management and Swift, the global financial messaging network, aimed at allowing banks to trigger onchain transactions using their existing infrastructure.
According to a Tuesday announcement, Chainlink has integrated its execution layer, known as the Chainlink Runtime Environment (CRE), with Swift messaging.
This integration means banks worldwide can now use existing Swift rails to connect to blockchain networks without building new systems from scratch.
Pilot Builds on Project Guardian
The launch expands on Project Guardian, a 2024 pilot run by Chainlink, the Monetary Authority of Singapore (MAS), and UBS Tokenize, the in-house tokenization unit of UBS Asset Management.
The project demonstrated how tokenized fund workflows could integrate with existing fiat payment systems, a key step in bridging traditional finance with blockchain-based assets.
Under the pilot, the companies used Swift’s ISO 20022 messages to carry out fund subscriptions and redemptions directly onchain.
Traditionally, these processes run through a network of custodians, transfer agents, fund administrators, and other intermediaries, each adding time and reconciliation steps.
“This interoperability unlock enables last-mile connectivity options already familiar and used by financial institutions and service providers today,” Chainlink said.
Why It Matters for the Financial Industry
According to a McKinsey report, global assets under management reached $147 trillion in June 2025, underscoring the scale of opportunity for tokenized finance.
Swift, founded in the 1970s as a Belgium-based cooperative owned by its member banks, operates the global messaging network that underpins cross-border payments.
By connecting Chainlink’s infrastructure to Swift, financial institutions can tap tokenization and blockchain settlement without overhauling their existing systems.
Swift’s Evolution in Blockchain
Swift has been working with Chainlink since 2023, running tests to show how its infrastructure could offer banks a single access point to multiple blockchains.
In September 2024, Swift joined the Bank for International Settlements and 41 private financial firms in Project Agorá, an initiative exploring how tokenized commercial bank deposits could work alongside wholesale central bank digital currencies (CBDCs) on a shared platform.
Earlier in 2024, the cooperative unveiled plans for a blockchain-based “state machine” to track transactions and balances across institutions using ISO 20022 messaging.
This system was designed to run either on blockchain or on Swift’s centralized Transaction Manager platform.
Partnerships Extend Beyond Chainlink
Swift is also collaborating with Ethereum ecosystem developer Consensys and more than 30 institutions to build a blockchain settlement system designed for round-the-clock, real-time cross-border payments.
If successful, these initiatives could position Swift at the center of tokenized finance while maintaining its dominance in traditional messaging infrastructure.
Chainlink, meanwhile, is staking a claim as a key enabler of interoperability between old and new financial systems.
Grayscale has suggested that the third quarter of 2025 may have represented a unique form of “alt season,” with altcoins outperforming Bitcoin and other major assets.
In its latest report, the asset manager noted that while cryptocurrencies across sectors posted positive returns, the pattern stood out for being distinct from traditional altcoin cycles.
“Bitcoin underperformed other market segments, and the pattern of returns could be considered a crypto ‘alt season’ — although distinct from other periods of falling Bitcoin dominance in the past,” the report explained.
Altcoins tied to smart contracts were particular beneficiaries, supported in part by the passage of the GENIUS Act in the US earlier this year.
Meanwhile, AI-related tokens and other niche sectors saw growth, while Bitcoin, Ether, and broader currency plays lagged.
Market Shifts Driven by Policy and Exchanges
Grayscale highlighted several trends that shaped Q3.
One was the growing number of corporate treasuries adding various tokens to their balance sheets.
Another was the increasing adoption of stablecoins in the United States, alongside stronger activity on centralized exchanges.
The firm argued that these elements combined to create a distinct market environment in which altcoins found momentum at Bitcoin’s expense.
Looking ahead, Grayscale speculated that pending legislation, including a digital asset market structure bill in Congress, could further support crypto markets in Q4.
Bitcoin’s Relative Underperformance
Although Bitcoin surged to a record high above $120,000 in August, its performance lagged other segments of the market.
Analysts suggested that both Bitcoin and altcoins were also trailing behind traditional assets such as gold and equities in reaching new records.
Stablecoin outflows from exchanges were cited as one factor weighing on crypto market dynamics.
This environment left altcoins better positioned to capture gains while Bitcoin’s dominance eased.
Optimism for ETFs
As a leader in crypto exchange-traded funds (ETFs), Grayscale noted that regulatory developments could provide a further boost.
The US Securities and Exchange Commission (SEC) recently approved new listing standards for digital asset ETFs.
One of Grayscale’s own products, a multi-asset crypto ETF, has already gained regulatory approval, giving investors exposure to a basket of leading assets including BTC, ETH, XRP, Solana, and Cardano.
The report concluded that optimism around ETFs and supportive legislation may sustain momentum for altcoins and the broader market heading into the final quarter of the year.
XRP gained momentum on Wednesday, rising 6.8% from Monday’s low of around $2.70.
The move came as traders adjusted following a sharp sell-off that shook the broader crypto market earlier in the week.
Technical indicators and onchain data suggested the XRP/USD pair could be preparing for a trend reversal, with a potential rally toward $4 in play.
Technical Setup Hints at Breakout Potential
XRP’s price action has been consolidating within a symmetrical triangle on the daily chart, according to data from TradingView.
This chart formation, which develops as price action compresses between converging support and resistance trendlines, often signals a breakout once momentum builds.
In XRP’s case, an upward move above the $3 resistance line could trigger a reversal toward the triangle’s projected target of $4.08, marking a potential 42% gain.
Before that target can be reached, XRP bulls will need to overcome intermediate resistance levels at $3.40 and the eight-year high of $3.66.
Traders Highlight Key Support and Resistance Zones
Analyst CasiTrades pointed out that XRP formed “a massive wick down to a double bottom near $2.70” on the four-hour chart.
“A double bottom like this still fits within a valid Wave 2 count, as long as the price holds above $2.70,” she explained in an X post.
Her analysis noted immediate downside support at $2.79, with a drop below $2.70 potentially opening the door to $2.58.
On the upside, she highlighted Fibonacci extension levels pointing to $4.00 and $4.40 as the next significant resistance zones.
“The market is preparing for a major trend shift,” she said.
Meanwhile, crypto analyst CryptoBull suggested that XRP could rally as high as $5 in October if it breaks out of a bull flag pattern currently visible on the charts.
Whale Accumulation Offers Market Support
Onchain data provided further optimism for XRP’s outlook.
Santiment’s Supply Distribution metric showed steady accumulation among wallets holding between 1 million and 10 million XRP.
These addresses added 30 million XRP over the past two days, raising their holdings to 6.77 billion tokens—about 11% of the total circulating supply.
The data indicates that large holders did not sell during Monday’s dip but instead bought more, potentially signaling confidence in higher prices ahead.
By absorbing supply on declines, these whales may help establish price floors and encourage smaller investors to follow suit.
Holder Behavior Reinforces Positive Sentiment
Further supporting the bullish case, Glassnode data revealed that XRP’s net holder position change has been positive since late August.
This accumulation trend followed weeks of profit-taking during July and early August, when XRP reached its multi-year high of $3.66.
The recent activity suggests investors are positioning themselves for further upside, particularly in the $2.70 to $3.00 accumulation range.
This buying interest highlights the importance of these levels as a foundation for future price moves.
If bulls succeed in pushing past $3.40 and $3.66, momentum could accelerate quickly toward the $4 target zone.