According to Coinbase’s internal metrics shared by community celebrity Moonkie, XRP attracted 32,000 searches on the exchange in the past 24 hours, making it the most searched token on the platform.
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Bitcoin followed with 26,000 searches, followed by BNB with 22,000 searches and Ethereum with 18,000 searches. The surge in search activity comes amid growing debate about whether retailer interest translates into actual buying pressure.
Rapid increase in search interest
According to the report, search trends can predict market movements. Traders and new investors often research tokens before placing an order.
Some observers have linked the flurry of inquiries to expectations for an XRP-focused spot ETF, with the SEC’s final decision initially expected later this month.
The U.S. government shutdown has been cited as a factor that could delay regulators’ timelines. Additionally, the SEC’s adoption of generic listing standards has blurred strict deadlines and made approval periods more flexible than before.
XRP is the most searched asset on Coinbase in the past 24 hours pic.twitter.com/bRsAnZCCqH
— Moonkey🌙 (@xmoonkie) October 8, 2025
Strong annual profits, recent pullback
XRP has seen impressive development over the past year. The price increased from about $0.51 to $2.82, which corresponds to a growth of about 440%.
According to the report, XRP outperformed Bitcoin by 162% and Ethereum by 188% over the same period, numbers that have caught the attention of investors. Still, momentum has cooled down a bit.
XRP has fallen below $3 and is currently trading at $2.81, down 5% over the last week and 1.05% over the past 24 hours.
Trading volume lag
The volume figures highlight mixed signals in the market. According to the market screen, XRP’s 24-hour trading volume decreased to $4.5 billion. Of that amount, $180 million (about 3.90%) was recorded on Coinbase.
On the exchange, XRP ranks as the fourth most traded asset after Solana, Ethereum, and Bitcoin ($265 million, $578 million, and $716 million, respectively).
Coinbase’s XRP reserves increased to 16 million tokens, an increase of 3% compared to the number reported on October 6, 2025.
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whales are on sale
A large holder adds pressure. Based on Whale Flow data using a 30-day moving average, approximately $50 million worth of XRP leaves whale wallets every day.
In this indicator, whales are those that hold more than 1,000 tokens. CryptoQuant’s charts show continued net outflows since early 2024, and analysts say the market could remain biased towards selling even if the ETF news turns positive.
Featured image from Getty Images, chart from TradingView
