While XRP briefly dipped below $2.29 following a broader crypto market downturn driven by Bitcoin’s selloff, large-scale whale accumulation suggests this is more than a simple price correction. Data reveals over 149 million XRP were withdrawn from centralized exchanges in just 24 hours, a significant sign of bullish activity. This coincides with the launch of the Canary Capital-backed XRP ETF (XRPC), which generated $58 million in volume on its first day. While this suggests potential upside for XRP in the long term, market sentiment remains intertwined with Bitcoin’s performance. Bitcoin’s current correction is causing a wave of selling across the crypto space, including XRP, but deeper analysis reveals that institutional investors are strategically positioning themselves for future growth. This strategy is evident in the record volume of the XRPC ETF and the significant accumulation of XRP by known whales. 24 hours after launch, the ETF saw over $58 million in trading volume – more than analysts had predicted. Notably, this surge in demand occurred despite XRP’s initial price dip following a Bitcoin selloff. Despite market volatility, blockchain data shows a strong signal of buy-in from institutional investors. The current price movement in XRP is primarily driven by the larger market dynamics, with Bitcoin’s correction acting as a trigger. As the ETF purchase process unfolds and institutional investment activity increases, we may witness a shift in XRP’s trajectory and an exciting new chapter in its performance.