XRP XRP/USD continues its parabolic uptrend amid new ETF applications and increased whale activity.

Notes for dealers: Influential investor Raoul Pal continued saying X that XRP has a “great looking” chart and that a long wedge pattern similar to the current one has previously led to a 5,600% rally.

He called the current phase “Banana Zone Part 1”:

Trader CrediBULL Crypto highlighted XRP’s “historic” breakout that wiped out 84 months of sideways movement in a single monthly candle.

Jacob Canfield predicts another 240% return to resistance zones during 2017-2019, with the possibility of a 700% increase to all-time highs against Bitcoin.

Statistics: CEO of CryptoQuant Ki Young Ju noted that Coinbase’s minute-level price premiums ranged from 3% to 13% during the surge, indicating strong interest from U.S.-based investors.

Korean exchange Upbit, which has more XRP investors than Binance, has not yet reported a markup.

Analytics firm Santiment reports that wallets holding 1-10 million XRP added 679.1 million tokens (worth $1.66 billion) in just three weeks.

The total number of non-empty XRP wallets has surpassed 5.5 million for the first time in the coin’s more than eight-year history. Whale activity is at an all-time high.

Community news: WisdomTree has filed to launch an XRP exchange-traded fund, becoming the fourth company in the U.S. to file a Form S-1 with the Securities and Exchange Commission.

The proposed fund aims to provide exposure to the XRP price through stocks listed on the CBOE BZX Exchange.

The ETF plans to initially use a cash creation method, with the creation/redemption of in-kind contributions subject to further regulatory approval. In the past it has been crypto asset managers Bitwise, Canary Capital and 21Shares.

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