**XRP ETF: Optimism and Transactions Soar!**

- Bitwise has just registered a trust entity called “XRP ETF” in Delaware. The next day, they filed an S-1 form with the US SEC, a major step in launching a new security on a public exchange.

- Optimism for the XRP ETF has led to a surge in XRP on-chain transaction volume to $2.39 billion, the highest in eight months! 📈

- Santiment data shows that XRP’s 30-day MVRV has dropped to -9.2%, the lowest in two months. This could be an “opportunity zone” for experienced investors to start accumulating.

- On October 1, there were 145 whale transactions exceeding $1 million, the highest in six months. This could be a big signal for small traders.

- Social media sentiment towards XRP is very bullish, with the positive comment ratio peaking on October 1.

- However, Santiment warns that the market often moves against mass sentiment. So, don’t get too carried away!

- Ripple is also preparing for an SEC appeal in an ongoing legal case.

What do you think about the future of XRP? Let's discuss in the comments!