XRP Enters October with Three Bullish Signals Amid Rising Futures Activity

XRP has been showing signs of strength as October approaches, despite recent price drops. Three bullish signals are currently in play, and they come from long-term holder data, futures markets, and ETF flows.

The first signal comes from the fact that XRP's 365-day market value to realized value (MVRV) ratio is -11.75%, according to Santiment. This means that holders who have held XRP for roughly a year are sitting on unrealized losses, which can reduce immediate selling pressure.

The second signal comes from the derivatives market, where XRP futures open interest on Binance has climbed to nearly $600 million, a level last seen around January. Positive funding rates also suggest that long positions are currently paying shorts, indicating that traders betting on higher prices are becoming more active.

The third signal is coming from U.S. spot XRP ETFs, which have maintained a strong inflow streak with cumulative net inflows reaching roughly $1.75 billion. This is notable because Bitcoin and Ethereum ETFs have experienced several weeks of outflows during the same period.