XRP has entered a new phase in its growth as Spot XRP ETFs begin trading 
across the United States. The excitement surrounding institutional access to 
XRP has grown quickly in recent weeks, especially as filings and inflow 
reports hint at rising interest from funds preparing to scale their exposure. 
A market commentator known as Chad Steingraber presented a projection showing 
just how intense ETF accumulation could become if issuers adopt an acquisition 
strategy similar to what was seen in Bitcoin ETFs. The estimates outline an 
aggressive period of accumulation that could reduce XRP’s available supply far 
faster than many expect, and here are the numbers. Related Reading: Trump’s 
WLFI Moves To Contain Wallet Breach While Federal Inquiry Looms A Breakdown Of 
Steingraber’s Projection Steingraber’s first scenario examines a modest but 
steady accumulation model where 12 Spot XRP ETF issuers acquire an average of 
3million XRP per day. His projection is based on focusing on the average 
rather than trying to predict which fund accumulates the most, because the 
combined impact is what ultimately matters for XRP’s market price. Under this 
setup, daily inflows would reach up to 36 million XRP. Over a standard five- 
day trading week, that accumulation would climb to 160 million XRP. Over the 
course of a month, the amount absorbed by ETFs would increase to 720 million 
XRP. By the end of a full year, this single projection implies that as much as 
8.64 billion XRP could be removed from public circulation and locked into 
ETFs. Of course, these numbers only take into account the possibility of 
consecutive net inflow days and no net outflow days. Although these figures 
are hypothetical, the pace aligns with the early patterns seen in Bitcoin 
ETFs, where strong averages across issuers created a sustained demand for 
Bitcoin. A More Aggressive Scenario Based On Recent Activity In another post, 
Steingraber offered a more forceful accumulation model using the activity of 
Bitwise&#8217;s Spot XRP ETF as a benchmark. Data shows that the Bitwise XRP ETF 
received inflows of about 5.82 million XRP in its first trading day. In this 
second scenario, the projected daily acquisition rate is doubled to about 6 
million XRP per issuer. If 12 funds follow this pattern, the combined 
accumulation could hit 72 million XRP every day. Extending the same five-day 
cycle, the weekly total would rise toward 360 million XRP, while monthly 
totals would reach approximately 1.44 billion XRP. Over a full year, this more 
aggressive model ends with 17.28 billion XRP absorbed into ETF products. &#8220;The 
entire XRP public supply will be gone UNLESS THE PRICE GOES ASTRONOMICALLY 
HIGH,&#8221; Steingraber said. Related Reading: $2 Billion Gone In Minutes: Bitcoin 
Slide Shakes Crypto World The projections serve as a wake-up call on how 
quickly XRP&#8217;s supply ecosystem might change once ETF inflows stabilize and 
larger issuers like Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares 
and WisdomTree get in on the action. However, BlackRock, which oversees the 
largest Spot Bitcoin and Ethereum ETFs, is yet to make any move on a Spot XRP 
ETF. The company had confirmed in August that it has no immediate plans to 
file for one. Featured image from Pexels, chart from TradingView

XRP ETFs Could See Aggressive Accumulation – Here Are The Numbers

The Cardano blockchain network suffered a temporary chain split on Friday due 
to an old software bug triggered by an abnormal transaction.

Cardano suffers temporary chain split from code bug, but ADA hangs on

With bitcoin down more than 20% this month — marking its harshest monthly 
showing since 2022 — the network’s hashprice has slipped to levels miners 
haven’t seen in years. With a little over a week left in November, mining 
revenue appears headed for territory not witnessed since last year. November 
Turns Nasty for Bitcoin Miners […]

Miners Face a Profit Crunch With Bitcoin Prices Down and Hashprice Reaching Record Lows

Ethereum is testing a critical juncture as the golden pocket between $2,600 
and $2,800 comes into play. With resistance looming at $2,800, the market now 
faces a pivotal moment. Can ETH reclaim this level and spark a move toward 
$3,000, or will sellers push it back below key support? Golden Pocket 
Breakdown Validates Ethereum&#8217;s Downside Target In an Ethereum update, analyst 
Luca has offered a detailed analysis of the leading altcoin, reflecting on the 
expert’s previous predictions. As he covered all his PAT updates and his 
latest YouTube video, once Ethereum broke down below the high-timeframe 
support range, specifically the golden pocket between the 0.5 and 0.618 
Fibonacci POIs, the most likely outcome was a continuation of the downside 
pressure. Related Reading: Ethereum Is Sitting On Its Most Critical On-Chain 
Support Level — A Rally Emerging? Luca explained that this expected 
continuation was targeting the next major support, the high-timeframe support 
range marked in purple. That exact scenario just played out, with the price 
now confirming the bounce on the low-timeframes, performing precisely as 
anticipated. From this validated support, Luca believes the most likely 
outcome is a reversal back to the upside. However, he stressed the need for 
confirmation before fully committing to the long side: &#8220;Before I start scaling 
out of my hedges, I want to see additional signs of strength and a clear 
bottoming formation to confirm that this level is holding,&#8221; Luca stated. The 
analyst concluded with a warning: if the price were to break below this 
established range, it would entirely invalidate the idea that the move is a 
simple corrective Wave 2 on the high-timeframes. Instead, the breakdown would 
signal a durable structural decline, which Luca intends to &#8220;avoid getting 
caught in.&#8221; $2,600 Tested: Buyers Rush To Defend Lows After examining current 
price action, crypto analyst Ted Pillows highlighted that ETH experienced 
significant volatility yesterday, nearly touching the $2,600 level before 
finding a temporary floor. Following that test, Ethereum is currently 
attempting to reclaim the $2,800 level, but is facing noticeable resistance 
from sellers at that mark. Related Reading: Ethereum Approaches Critical 
Resistance — Bullish Breakout Or Trap In The Making? The analyst provided a 
clear path for a continued recovery. Should Ethereum decisively reclaim and 
hold the $2,800 level, it would signal sufficient bullish strength, propelling 
ETH toward the next significant psychological and technical target at the 
$3,000 level. Conversely, Ted warns that if this essential $2,800 level is not 
reclaimed, the market is likely to reverse lower. As a result, traders should 
expect a sweep below the $2,500 level, indicating a need to test deeper 
support before the asset can attempt another structural recovery. Featured 
image from iStock, chart from Tradingview.com

Ethereum Golden Pocket In Play – Can ETH Turn The Tide Above $2,800?

Bitcoin is drifting sideways this weekend around the $84,000 range, while the 
derivatives market is busy revealing where traders are bracing for impact — 
and where they’re quietly placing their bets. Futures OI Taps $58B as Bitcoin 
Consolidates — Options Traders Brace for December The futures market is 
running hot, even as bitcoin loiters in […]

Cryptocurrency price in IDR