Over 1.3 billion XRP tokens were transferred within an eight-hour period, as reported by Whale Alert, indicating a surge in institutional-scale activity. These movements included 700 million XRP locked in escrow between unidentified wallets and two separate 500 million XRP transfers, often a precursor to price volatility due to whale rebalancing.
XRP is currently trading at approximately $2.98 after breaking above the 50 EMA, 100 EMA, and 200 EMA on the four-hour chart, signaling bullish short-term momentum. However, it faces resistance at a descending trendline between $3.00 and $3.05, with an RSI of 67 approaching overbought territory. A breakout above $3 could trigger a sustained recovery, fueled by whale accumulation and October's historical bullish trends.
Meanwhile, Shibarium, the layer-2 network for Shiba Inu, experienced a 99% crash in daily transactions, plummeting to just 7,500 from an August average of 1.2–1.4 million. This collapse has raised adoption concerns, but Lucie, SHIB's marketing lead, reassured the community that Shibarium is not dead, attributing the setback to a hack that led to improved security with stricter validator controls. Historically, SHIB has seen an average October growth of 171.2%, offering potential for a rebound.
For Dogecoin, bullish sentiment is building as open interest jumped 2.89% in 24 hours, with $3.96 billion committed to derivatives. DOGE is targeting a breakout above $0.30, a key resistance level since February 2025, supported by an average historical growth rate of 11% in October.
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