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As per Coinbase’s internal analytics shared by community member Moonkie, XRP attracted 32,000 inquiries on the exchange within the last 24 hours, positioning it as the most queried token on the platform.
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Bitcoin followed closely with 26,000 inquiries, BNB garnered 22,000, while Ethereum had 18,000. The surge in search activity occurs amidst increasing discussions regarding whether retail enthusiasm will translate into genuine buying pressure.
Rising Search Interest
According to reports, search patterns can sometimes predict market movements. Traders and novice investors frequently search for tokens prior to submitting orders.
Some analysts linked the influx of searches to anticipations for an XRP-centered spot ETF, with a decisive SEC judgment initially anticipated later this month.
The US governmental shutdown has been indicated as a factor that might postpone the regulator’s timeline. Furthermore, the SEC’s endorsement of General Listing Standards has obscured strict deadlines, rendering approval timelines more adaptable than before.
XRP is the most sought-after asset on Coinbase over the last 24 hours pic.twitter.com/bRsAnZCCqH
— moonkie 🌙 (@xmoonkie) October 8, 2025
Strong Annual Gains, Recent Decline
XRP has had a remarkable performance throughout the past year. The price increased from approximately $0.51 to $2.82, a rise that reflects nearly 440% growth.
Reports indicate XRP exceeded Bitcoin by 162% and outperformed Ethereum by 188% during that same timeframe, figures that have seized investor focus. Nonetheless, the momentum has slightly waned.
XRP has dipped below $3 and currently trades at $2.81, reflecting a 5% decrease over the last week and a 1.05% drop in the preceding 24 hours.
Trading Volume Declines
Volume statistics signify mixed market signals. Market analyses reveal XRP’s 24-hour volume decreased to $4.50 billion. From this, $180 million — around 3.90% — was logged on Coinbase.
On the exchange, XRP stands as the fourth most actively traded asset, trailing Solana, Ethereum, and Bitcoin, which registered $265 million, $578 million, and $716 million respectively.
Coinbase’s XRP reserves grew to 16 million tokens, indicating a 3% increase compared to the figure noted on October 6, 2025.
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Whales Are Offloading
Significant holders are intensifying pressure. According to Whale Flow data utilizing a 30-day moving average, approximately $50 million worth of XRP leaves whale wallets daily.
For this analysis, whales are defined as those holding more than 1,000 tokens. CryptoQuant charts have depicted ongoing net outflows since early 2024, which analysts believe could keep the market skewed towards selling even if ETF developments are favorable.
Featured image from Getty Images, chart from TradingView
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