XRP closed above $1.544 on Sept. 22 after repeatedly failing to secure a daily close above that level since early February, then advanced beyond $1.60 as network and derivatives activity increased. Binance XRP open interest rose to $600 million, its highest level since January and above its 180-day moving average of $445 million, according to CryptoQuant analyst Darkfost. Santiment recorded 1,917 XRP transactions worth at least $100,000 and 3,647 newly created XRP addresses as the token moved above $1.60. Ali Martinez said large holders accumulated about $2.2 billion of XRP over four days. Bitwise filed an updated XRP exchange-traded fund registration with the U.S. Securities and Exchange Commission on Sept. 18, while spot XRP ETFs recorded inflows through most of September. The combination of whale activity, address growth and rising open interest reflected stronger market participation, although elevated leverage can amplify volatility and sharp corrections.