Coordinated AccountSet Activity Sparks SpeculationThe XRP Ledger recorded an unusual burst of activity after more than 40,000 AccountSet transactions appeared within a short window. The scale, timing, and structure of the pattern immediately drew attention across the ecosystem. Vet, a well-known participant in the XRP ecosystem, reported that the data did not match standard ledger flow. The AccountSet transactions consistently remained between 20,000 and 40,000, which suggested a batch process running through repeated configuration steps. Moreover, AccountSet is typically used when operators adjust keys, enable flags, or prepare clusters of wallets. These patterns tend to appear when institutions test systems before adding real liquidity.Observers compared this incident to a past event involving BitGo. That earlier anomaly was caused by a script error that triggered repeated failed activations. This new wave showed none of those characteristics. It appeared controlled, structured, and significantly larger. Hence, analysts argued that the latest activity likely reflects an intentional setup rather than an accidental loop.XRP Price Holds Critical RangeAs of press time, the price of XRP traded near $2.19 as the unusual ledger activity gained attention. Market data shows a slight daily decline but a weekly gain above 5%. Umair Crypto said XRP turned a former resistance area into a support zone between $2.19 and $2.24. Price has held that region through the weekend. Additionally, maintaining this range may allow buyers to push toward $2.35.A move toward $2.35 could ignite fresh volatility and reshape sentiment around the current structure. Many traders see the range as an accumulation phase. If that view strengthens, the next target sits near $2.88. However, a drop below $2.19 places sub-$2 levels back in play and risks a retest of $1.87.Indicators Hint at Growing StrengthSource: XCW8900 noted that XRP’s RSI already broke through its downtrend. The asset continues to trade above a long-term ascending trendline that formed in 2022. Additionally, the $3.30 zone remains the major barrier before a possible move toward the previous all-time high. The current structure between $2.20 and $2.40 suggests buyers are defending support while waiting for momentum to shift. A reclaim of $2.80 may accelerate an advance toward $3.30.ConclusionThe unusual ledger activity introduced new speculation around large-scale preparations on XRPL. Analysts now watch whether improving momentum and stable support can align with this sudden backend expansion.Coordinated AccountSet Activity Sparks SpeculationThe XRP Ledger recorded an unusual burst of activity after more than 40,000 AccountSet transactions appeared within a short window. The scale, timing, and structure of the pattern immediately drew attention across the ecosystem. Vet, a well-known participant in the XRP ecosystem, reported that the data did not match standard ledger flow. The AccountSet transactions consistently remained between 20,000 and 40,000, which suggested a batch process running through repeated configuration steps. Moreover, AccountSet is typically used when operators adjust keys, enable flags, or prepare clusters of wallets. These patterns tend to appear when institutions test systems before adding real liquidity.Observers compared this incident to a past event involving BitGo. That earlier anomaly was caused by a script error that triggered repeated failed activations. This new wave showed none of those characteristics. It appeared controlled, structured, and significantly larger. Hence, analysts argued that the latest activity likely reflects an intentional setup rather than an accidental loop.XRP Price Holds Critical RangeAs of press time, the price of XRP traded near $2.19 as the unusual ledger activity gained attention. Market data shows a slight daily decline but a weekly gain above 5%. Umair Crypto said XRP turned a former resistance area into a support zone between $2.19 and $2.24. Price has held that region through the weekend. Additionally, maintaining this range may allow buyers to push toward $2.35.A move toward $2.35 could ignite fresh volatility and reshape sentiment around the current structure. Many traders see the range as an accumulation phase. If that view strengthens, the next target sits near $2.88. However, a drop below $2.19 places sub-$2 levels back in play and risks a retest of $1.87.Indicators Hint at Growing StrengthSource: XCW8900 noted that XRP’s RSI already broke through its downtrend. The asset continues to trade above a long-term ascending trendline that formed in 2022. Additionally, the $3.30 zone remains the major barrier before a possible move toward the previous all-time high. The current structure between $2.20 and $2.40 suggests buyers are defending support while waiting for momentum to shift. A reclaim of $2.80 may accelerate an advance toward $3.30.ConclusionThe unusual ledger activity introduced new speculation around large-scale preparations on XRPL. Analysts now watch whether improving momentum and stable support can align with this sudden backend expansion.

Over 40,000 Mysterious XRP Transactions Trigger Fresh Questions About Network Activity

2025/12/01 05:55

Coordinated AccountSet Activity Sparks Speculation

The XRP Ledger recorded an unusual burst of activity after more than 40,000 AccountSet transactions appeared within a short window. The scale, timing, and structure of the pattern immediately drew attention across the ecosystem. 

Vet, a well-known participant in the XRP ecosystem, reported that the data did not match standard ledger flow. The AccountSet transactions consistently remained between 20,000 and 40,000, which suggested a batch process running through repeated configuration steps. 

Moreover, AccountSet is typically used when operators adjust keys, enable flags, or prepare clusters of wallets. These patterns tend to appear when institutions test systems before adding real liquidity.

Observers compared this incident to a past event involving BitGo. That earlier anomaly was caused by a script error that triggered repeated failed activations. This new wave showed none of those characteristics. It appeared controlled, structured, and significantly larger. Hence, analysts argued that the latest activity likely reflects an intentional setup rather than an accidental loop.

XRP Price Holds Critical Range

As of press time, the price of XRP traded near $2.19 as the unusual ledger activity gained attention. Market data shows a slight daily decline but a weekly gain above 5%. Umair Crypto said XRP turned a former resistance area into a support zone between $2.19 and $2.24. 

Price has held that region through the weekend. Additionally, maintaining this range may allow buyers to push toward $2.35.

A move toward $2.35 could ignite fresh volatility and reshape sentiment around the current structure. Many traders see the range as an accumulation phase. If that view strengthens, the next target sits near $2.88. However, a drop below $2.19 places sub-$2 levels back in play and risks a retest of $1.87.

Indicators Hint at Growing Strength

Source: X

CW8900 noted that XRP’s RSI already broke through its downtrend. The asset continues to trade above a long-term ascending trendline that formed in 2022. Additionally, the $3.30 zone remains the major barrier before a possible move toward the previous all-time high. 

The current structure between $2.20 and $2.40 suggests buyers are defending support while waiting for momentum to shift. A reclaim of $2.80 may accelerate an advance toward $3.30.

Conclusion

The unusual ledger activity introduced new speculation around large-scale preparations on XRPL. Analysts now watch whether improving momentum and stable support can align with this sudden backend expansion.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

SEC urges caution on crypto wallets in latest investor guide

SEC urges caution on crypto wallets in latest investor guide

The SEC’s Office of Investor Education and Assistance issued a bulletin warning retail investors about crypto asset custody risks. The guidance covers how investors
Share
Crypto.news2025/12/15 01:45
the first multi-crypto ETP debuts in the USA

the first multi-crypto ETP debuts in the USA

The post the first multi-crypto ETP debuts in the USA appeared on BitcoinEthereumNews.com. The SEC has approved the conversion of the Grayscale Digital Large Cap Fund (GDLC) into an ETP listable on NYSE Arca, as documented in the S-3 filing submitted to the SEC SEC EDGAR – S-3 GDLC and confirmed by the issuer on its own site Grayscale. This is the first time a multi-crypto product has received explicit approval in the United States for listing on a regulated exchange, opening a regulated channel for diversified exposure to digital assets. The public confirmation came on September 18, 2025 through official communications from the issuer and updates on market bodies. In this context, the market’s attention immediately shifted to timing and operational details. According to the data collected by our research team monitoring SEC filings since 2023, this is one of the few cases where the authority’s staff has authorized the listing of a multi-asset product with explicit reference to the Generic Listing Standards. Industry analysts note that the decision could accelerate the timeline of over 90 related filings currently in the pipeline in 2025, increasing the likelihood of new listings in the next 6-12 months. In the intraday monitoring of ETF flows, we found that Bitcoin products have recently recorded daily flow averages close to $292 million, a value used in our numerical analysis to size the potential impact. What has been approved and why it matters The SEC has authorized the conversion of the GDLC from an OTC fund to a listable ETP on NYSE Arca, along with the adoption of Generic Listing Standards for selected crypto-assets. As highlighted by SEC.gov, the move aims to streamline bureaucracy and accelerate the introduction of new products, impacting access, liquidity, and transparency. That said, the potential impact concerns both retail investors and institutional players. Key Data on GDLC Full name: Grayscale Digital Large Cap…
Share
BitcoinEthereumNews2025/09/19 03:37
Bitcoin’s Battle with Market Pressures Sparks Concerns

Bitcoin’s Battle with Market Pressures Sparks Concerns

Throughout the weekend, Bitcoin exhibited a degree of stability. Yet, it is once again challenging the critical support level of $88,000.Continue Reading:Bitcoin
Share
Coinstats2025/12/15 01:35