XRP is inching closer to a major turning point as fresh upward momentum collides with a developing, expanding diagonal structure, according to NewsBTC. This recent impulse off support is starting to hint at a potential macro shift, raising expectations for a breakout-driven continuation if buyers can maintain control.
Building Toward a Truncated Low
As altFINS reports, XRP is now developing a clearer impulsive move upward, which could be the early stages of the momentum needed to set up the high-probability C/3 wave trade that has been anticipated. This early impulse doesn’t yet confirm a full trend reversal, but it does reflect a notable shift in market aggressiveness.
XRP Breaks Key Retracement Level
A break above the current zone would shift the focus toward the next major target at $2.30, aligning with the crucial 0.382 level, as TradingView suggests. Reclaiming that area would serve as a strong signal that XRP may finally be carving out a true bottom.
Analyst Shares XRP Route to 2-Digit Price
Based on analysis from The Crypto Basic, XRP now trades close to a major macro bottom as long as the market holds above key levels. An analyst shares that a flat structure can end in two ways, first, a running flat would allow XRP to reverse higher without breaking its previous low of around $1.6, however, this pattern rarely plays out.
XRP’s Path to a 100x Rally
In a detailed analysis, NewsBTC outlines calculations showing how expanding ETF activity could set the stage for a 100-fold move, pushing XRP toward $225 per token. This commentary consolidates a series of demand-and-supply assessments that map the structural forces believed to define XRP’s potential rally, signaling a market phase increasingly driven by institutional demand.
The crypto market is bracing for a major move, with XRP at the center. As Canary Capital readies the first U.S. spot XRP ETF, investors are eyeing whether this Nasdaq debut could ignite the next altcoin rally. According to Source 1, the launch of the first exchange-traded fund (ETF) built around the token appears to be imminent.
XRP ETF Launch Details
The Canary XRP ETF has received approval for listing on the Nasdaq under the ticker symbol ‘XRPC’, as reported by Source 2. This development marks a significant milestone for the asset and its growing investor base. Source 3 highlights that the fund will offer investors direct exposure to XRP through a regulated market structure, with a management fee projected at 0.50% annually.
Market Impact and Future Implications
The launch of XRP ETFs could broaden the reach of the token and accelerate adoption trends, notes Source 1. With the ETF set to begin trading on the Nasdaq, investors are anticipating a potential surge in XRP’s market activity. As Source 5 points out, the end of the U.S. government shutdown has opened the door for a wave of crypto ETF approvals, and the Canary Capital Spot XRP ETF is among the first to launch.
Expert Insights and Analysis
Experts believe that the launch of the XRP ETF could be a major turning point for the asset. As Source 4 suggests, the long-awaited arrival of a US-based exchange-traded fund directly holding XRP may finally become a reality. Our analysis indicates that the ETF’s approval and upcoming launch are significant developments in the crypto space, with potential implications for the broader market.
Ellipal, a trusted name in crypto wallets, is shutting down its hot wallet services after a $3M XRP theft. The move signals a clear shift — in 2025, crypto safety is taking priority over convenience.
🚨 The $3M Breach That Changed Everything
Ellipal’s sudden decision came after an alarming theft of $3.05 million worth of XRP, a breach that exposed deep vulnerabilities in connected wallets.
According to blockchain investigator ZachXBT, the attacker exploited weaknesses in a user’s setup — draining funds through 120+ transactions that converted XRP to Tron-based tokens using the Bridgers exchange on October 12.
Key facts from the investigation:
Funds were later traced through OTC desks linked to Huione, a money-laundering network flagged by U.S. authorities.
The exploit showcased how swiftly stolen crypto can be moved and laundered across multiple chains.
The event raised questions about whether internet-connected wallets can ever be truly secure.
This wasn’t just a theft — it was a turning point.
🧊 Ellipal’s Strategic Retreat to Offline Security
Instead of patching vulnerabilities and carrying on, Ellipal made a bold decision: it will end all hot wallet operations and focus exclusively on cold storage devices.
By October 31, all mobile wallet services will shut down permanently. The company urged users to:
Transfer assets immediately from mobile wallets to new addresses.
Rely on Ellipal’s cold wallets for long-term storage.
Contact support during migration to avoid any fund losses.
Ellipal described this move as an “evolution toward uncompromising security”, emphasizing that “offline protection must take precedence over convenience.”
🔍 Rethinking Wallet Security in 2025
The crypto landscape is evolving fast, but so are the threats. Here’s how hot vs. cold wallets compare today:
Connectivity 🔸 Hot Wallets: Internet-connected 🔸 Cold Wallets: Fully offline
Security 🔸 Hot Wallets: Vulnerable to hacks, phishing 🔸 Cold Wallets: Extremely secure
Convenience 🔸 Hot Wallets: High – for daily traders 🔸 Cold Wallets: Moderate – for long-term holders
In 2025’s climate of sophisticated cyberattacks, the trade-off is becoming clear:
🔐 Security beats speed. Safety beats convenience.
Analysts believe Ellipal’s retreat could inspire other wallet companies to reassess their priorities, especially as users demand trust, transparency, and true control over their assets.
🧭 The Bigger Picture — A Shift Back to Crypto’s Core Principles
Ellipal’s move symbolizes more than just a product pivot — it represents a philosophical return to crypto’s foundation: self-custody and decentralization.
The message is simple:
Custody = Responsibility
Internet access = Exposure
Offline storage = Sovereignty
As institutions pour billions into digital assets, trust and safety have become the new currency. And in that equation, cold wallets might just be the last safe haven left.
AI Satoshi’s Take on Ellipal’s Decision
“This incident underscores a fundamental truth of cryptography — any system connected to the internet remains a potential target. Hot wallets trade sovereignty for convenience, weakening the trustless design that digital assets were built upon. By retreating to offline security, Ellipal acknowledges that true custody lies in isolation, not accessibility. This shift also signals the industry’s gradual return to first principles — security before speed.”
🔔 Follow @casi_borg for AI-powered crypto commentary 🎙️ Tune in to CASI x AI Satoshi for deeper blockchain insight 📬 Stay updated:linktr.ee/casi.borg
💬 Would you trust a fully offline wallet after this?
⚠️ Disclaimer: This content is generated with the help of AI and intended for educational and experimental purposes only. Not financial advice.
