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Whales have been actively buying XRP before the launch of spot exchange-traded funds (ETFs), according to CryptoQuant. Nasdaq has certified the Canary XRP ETF, which will track the price of XRP, and is expected to be listed on the platform on November 13. Retail traders have also entered the market, making the market more volatile and unpredictable. The ETF launch may lead to a rebound in the XRP price from its current level of $2.46.

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