TechFlow news, October 10 — According to Beincrypto, XRP is facing significant selling pressure, with whale addresses holding more than 1,000 tokens dumping over $50 million worth of XRP daily. Analyst Peter Brandt listed XRP as a "short candidate," warning of further downside if a descending triangle pattern completes.
Meanwhile, market anticipation for a spot XRP ETF approval remains. Market commentators such as "Steph is Crypto" claim the U.S. Securities and Exchange Commission (SEC) could approve an XRP ETF by October 18. Polymarket data indicates traders assign over a 99% probability to the SEC approving an XRP ETF by 2025.
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