Key Takeaways
How does XRP compare to other top-cap coins?
Ripple has been highly concentrated, while Solana sees steady growth with OI near ATHs, signaling XRP’s controlled setup could fuel a catch-up move.
Why is XRP attracting attention despite a weaker quarterly return?
Coinbase has shed 90% of its XRP reserves, smart money is stacking the dip, and structural support aligns with July’s 33% spike, setting up for a potential Q4 leg.
Ripple [XRP] is once again testing its HODLers’ patience.
Among the top 5 high-caps, Ripple has recorded the weakest quarterly return so far at 33.64%. Meanwhile, Solana [SOL], for instance, has delivered over 50% ROI. The gap is even bigger month-to-month.
Nearly 100% of XRP’s Q3 gains came in July alone, pushing it to a cyclical high of $3.60. By contrast, SOL has averaged 11% per month. In short, XRP’s recent rally has been highly concentrated.
Source: TradingView (XRP/USDT)
However, AMBCrypto flags this could be a bullish setup.
On the derivatives side, SOL traders are piling in aggressively, driving Open Interest (OI) close to all-time highs. XRP, meanwhile, is chopping under $10 billion, signaling tighter, more controlled positioning.
Historically, these setups stretch HODLers’ patience, but explosive moves (like July’s 33% rally) can deliver huge payoffs. Ripple’s current structure mirrors that pattern, with more bullish factors stacking in.
Whale exodus from Coinbase tightens XRP supply
September is off to a charged start with ETF hype.
Both Dogecoin [DOGE] and Ripple are lining up for their first U.S.-based spot ETFs. On the charts, DOGE is already up 25% on the month. That’s more than 3x XRP’s gains, showing speculative capital is back in play.
However, Ripple is taking a more structural path. According to XRPwallets, Coinbase now holds just six cold wallets, totaling 99 million XRP. Back in June, it had 52 wallets controlling 970 million XRP.
Source: X (XRPwallets)
Simply put, Coinbase has shed 90% of its XRP reserves in three months.
Technically, this aligns with Ripple’s 33% spike in July and the tight $2.70–$3.15 Q3 consolidation. In short, smart money is stacking XRP like they’re ahead of the rest of the market, deliberately keeping Ripple underexposed.
Hence, with underheated derivatives, ETF hype still in play, and structural support holding, Ripple looks set to reward HODLers again, laying the groundwork for a potential Q4 parabolic leg.
