October is shaping up to be a defining month for XRP. With multiple ETF deadlines looming, new staking products rolling out, and technical signals pointing upward, the stage is set for heightened speculation around one of crypto’s most controversial tokens.
Momentum in regulated products is already visible. The REX-Osprey XRP ETF launched with nearly $38 million in first-day volume, marking the most successful ETF debut of 2025 so far. At the same time, DeFi projects like Midas and Axelar’s mXRP vault have attracted over $22 million in deposits within days, underscoring appetite for yield opportunities tied to the asset.
Insider Confidence on Display
Amid this backdrop, large investors are making bold moves. Analyst Pumpius disclosed that a French financier with close ties to Europe’s banking sector recently bought 17.5 million XRP, worth almost $49 million. He described the acquisition as part of a wider pattern of “strategic accumulation” by insiders who anticipate structural changes in how XRP will be integrated into the financial system.
Technical charts appear to echo this confidence. Market analyst Ali Martinez flagged a buy signal from the TD Sequential indicator, suggesting XRP’s consolidation phase could be nearing an end. Meanwhile, wallet data shows deep concentration at the top: five addresses control more than 7.4 billion tokens, while 22 others hold between 500 million and 1 billion each.
Waiting on SEC Decisions
Despite the dominance of whales, Pumpius pointed out that small investors remain essential. He praised the role of community participants who accumulate in increments of $100 or $500, calling them the backbone of XRP’s long-term stability.
With SEC rulings on six spot ETF proposals due this month — including applications from Grayscale, Bitwise, WisdomTree, and CoinShares — XRP’s fate may soon hinge on how U.S. regulators respond. For now, the combination of insider buys, ETF momentum, and new DeFi utility is feeding the narrative that October could bring a breakout moment for the token.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/french-insiders-massive-xrp-accumulation-sends-bullish-signal/