In XRP news, the Ripple coin price recently concluded the last seven days on a bullish trajectory, marking a significant shift after weeks of bearish dominance. Exciting developments emerged concerning the Rex Osprey XRP ETF, with recent reports indicating that it has celebrated a major milestone.
The ETF now holds over $100 million worth of the cryptocurrency, a milestone achieved within the first four weeks after its launch. This significant accomplishment demonstrates robust institutional demand for the ETF. However, it was not the sole milestone that the XRP community celebrated in the past seven days.
In further XRP news, Ripple has rebranded its latest acquisition, Hidden Road, into Ripple Prime. This strategic move is aimed at making digital assets more accessible to institutional clients. CEO Brad Garlinghouse noted that XRP continues to play a critical role in all of the company’s efforts, a statement that may have boosted confidence within the XRP community.
XRP Price Achieves its Biggest Weekly Recovery in 14 Weeks
XRP’s weekly chart revealed a notable increase of over 10% in the last seven days, largely attributed to the bullish momentum demonstrated over the weekend. For XRP news, this marked its biggest weekly upside in price since late July. At press time, XRP price hovered above $2.63, aided by a significant dominance spike to 4.22%.
This weekly recovery also positioned XRP as the best performer among the top 10 cryptocurrencies, outperforming Bitcoin, Ethereum, and other major digital assets in the top cohort.
Moreover, XRP’s latest recovery exhibited similarities to the early stages of its July 2025 rally, which was the most bullish month on a year-to-date basis. However, XRP’s ability to sustain this bullish momentum remained in question due to one key observation.
XRP News: Demand From Whales Not Sizeable
Whale activity remained subdued, and bullish momentum tends to be limited when whales are on the sidelines. Net spot flows across Coinbase, Binance, and OKX were negative, totaling $2.82 million, while perpetual futures highlighted net short positions exceeding $36 million.
This suggests that retail excitement might be fueling the latest XRP price recovery. However, net spot inflows were relatively weak over the weekend, amounting to less than $20 million. While XRP price risks another bearish capitulation, it is also worth noting that increased market volatility is expected this week.
This expectation stems from the Federal Open Market Committee (FOMC) meeting scheduled for October 28 and 29, with rate cut probabilities being a key focus. The potential for a rate cut could serve as the next major catalyst and may be one of the reasons behind XRP’s recent bullish momentum.
Fresh reports also indicated that the U.S. and China were nearing a trade deal. The potential conclusion of the trade war could encourage a shift back to a risk-on sentiment in the market, potentially favoring further upside in the coming days.
In other XRP news, derivatives data confirmed rising excitement surrounding the XRP cryptocurrency. Open interest increased from a low of $3.49 billion at the start of last week to $4.26 billion at the time of observation.
Despite this XRP price recovery, open interest remains significantly below peak levels experienced in the third quarter. Open interest had soared above $10 billion in July and dropped from a monthly high of over $9 billion this month. The October flash crash erased over $6 billion worth of XRP open interest.