XRP has formed its second longest capitulation wick in history, drawing significant market attention. The last occurrence of such a wick was in 2017, preceding a major price breakout. Currently trading at $2.49, XRP faces intensified pressure from whale outflows exceeding $50 million daily. Despite this, key support levels between $2.70 and $2.80 remain intact. Traders are closely monitoring upcoming Q4 updates and the candle close to determine if a new major breakout is on the horizon. The market is keen to see if the current wick will surpass the 2017 record, potentially signaling a significant price movement.