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$XRP  Canary Capital filed Form 8-A, the final step before approval, and the #XRP ETF is set to launch this Thursday at market open. This is a major moment for XRP, with more attention and activity expected in the market. I used to think trading competitions were only for top traders, but joining the GetAget Onchain Trading Competition with $CRCLon changed that. It’s simple to follow, no matter your trading style, and I’ve been able to earn free airdrop rewards while climbing the leaderboard. Even if you don’t reach the top, it’s still fun and rewarding. $JCT $ALLO

On the crypto news; Canary filed 8A for $XRP ETF, which points to launch tomorrow or Thursday - Eric Balchunas. This is a great news considering the fact that we may get a reasonable level of pump and I may know how to put this to good use. Since I'm in the new Bitget Trading Club Championship Phase 17, here's my play. I'm going to postion well for $XRP trades but in a strategic way with the help of GetAgent analysis. This can also help in meeting the volume needed to rank up the leaderboard both in the spot and futures category as I'm looking to bag a reasonable amount of $BGB rewards too. The event just kicked off so participants can leverage news like this for more wins. This is my strategy, and if you are joining, please share your strategy with me.

📢The first spot $XRP ETF could launch as early as Thursday. big big news for xrp holders.🔥dropes your comments and your opinions. #xrp

🕯 Will $XRP ETF trading start tomorrow? Canary Capital filed form 8-A with the SEC, which is one of the final steps before trading begins. Eric Balchunas believes trading could start either tomorrow or Thursday. 🤨 Last time the company filed the same form for HBAR, and trading started the very next day, so we don't rule out the same happening with XRP. This hasn't significantly affected the price of the XRP token yet 😐 #XRP #Ripple

On-chain data reveals a notable shift in XRP investor behavior, as Long-Term Holders (LTHs) are actively distributing their holdings amid growing market weakness. This pattern, often referred to as “distribution into weakness,” suggests that seasoned investors are taking profits and moving to protect capital — a clear divergence from typical bullish accumulation trends. Analysts observing wallet activity note that a significant portion of XRP supply held for over a year is being moved to exchanges. Historically, such movements have preceded extended periods of price correction, as increased sell pressure outweighs market demand. This behavior hints that confidence among early investors may be waning, possibly due to XRP’s recent underperformance against major assets like Bitcoin and Ethereum. Despite ongoing optimism around Ripple’s legal clarity and potential institutional partnerships, the market’s immediate sentiment appears defensive. Market watchers are now closely monitoring key support levels around $0.45 to $0.48, as a breakdown below this range could trigger further liquidation and intensify bearish momentum. Conversely, a strong rebound with renewed accumulation could signal the end of the distribution phase. In the short term, traders are advised to exercise caution. While long-term fundamentals for Ripple’s ecosystem remain intact, on-chain trends point to reduced conviction among major holders. Until buying strength returns, XRP’s path forward may remain choppy and uncertain. 📉 Conclusion: XRP’s long-term holders taking profits during weakness could be a warning sign of potential downside pressure — a move worth watching for both traders and investors.