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In a recent post, CRYPTOWZRD highlighted that XRP ended the session on a bearish note as XRPBTC slipped in response to a rise in Bitcoin Dominance (BTC.D). However, the analyst anticipates a swift recovery rally from XRP, potentially setting the stage for the next trading opportunity in the near term. Bitcoin’s Strength Dictates XRP Price Action Sharing more insight, CRYPTOWZRD noted that both the daily chart for XRP and XRPBTC closed bearish on Monday. The move came as Bitcoin Dominance climbed, with Bitcoin’s price action playing a role in XRP’s action.  Related Reading: XRP Price Projection: 5 Key Things To Watch Out For As The Bull Market Unfolds He highlighted that for XRP to regain its bullish footing, XRPBTC must first turn positive — a development expected to happen soon. Once this alignment occurs, XRP’s performance will likely mirror the combined outcome of both Bitcoin and XRPBTC, setting the stage for a potential upside shift. Despite the current daily pullback, CRYPTOWZRD views the recent massive bullish weekly close as a strong underlying signal. From his perspective, short-term dips are a normal part of the broader trend and often provide a setup for the next move higher. This is why he remains optimistic about a swift reversal in the near term. Looking ahead, he plans to closely monitor the intraday chart formations tomorrow to identify the next scalp opportunity. If XRP can push above the $3.3 daily resistance level, CRYPTOWZRD believes the path to $3.65 will open quickly. Breaking that barrier could pave the way for XRP to chart a new all-time high, adding a powerful chapter to its ongoing bullish narrative. Volatility Persists As Traders Eye Key Levels In conclusion, CRYPTOWZRD emphasized that the intraday movement was characterized by sharp and frequent price swings, reflecting a market environment marked by uncertainty and rapid shifts in sentiment. Such volatility creates both opportunities and risks for traders, demanding careful observation and swift decision-making to capture profitable moves without falling into sudden reversals. Related Reading: XRP Price Poised for Fresh Upward Move Amid Renewed Bullish Pressure Looking ahead, he anticipates that tomorrow may bring a similar level of turbulence. A decisive hold above the $3.23 intraday resistance could provide a favorable long entry point, with the next major upside target set at the $3.4 resistance level. This zone could act as a significant barrier, but if broken, it may open the door to extended bullish momentum. Conversely, the analyst cautions that $3.02 stands as the primary support level to watch, and failure to hold above this area might lead to renewed selling pressure. Given these conditions, patience is key; waiting for the next well-formed setup will help avoid premature entries and improve the chances of a successful trade. Featured image from Getty Images, chart from Tradingview.com

The XRP price action is unfolding in line with a textbook Elliott ABC Wave pattern, signaling the potential for its next upward move. According to crypto analyst Dark Defender, the chart structure remains intact and could set the stage for a major rally if the current corrective phase completes as projected.  ABC Wave Pattern To Drive XRP To New Highs In Dark Defender’s latest XRP price analysis, the crypto expert outlined a clear Elliott Wave ABC structure on a 4-hour chart, suggesting a potential price surge to new highs if the formation completes. The setup began forming in July 2025 after XRP reached $3.66, marking the starting point for the corrective pattern on the “Dark’s Side” chart. From there, the price began retracing toward the anticipated $2.85 level, successfully establishing Wave A in line with the forecast.  Related Reading: Analyst Outlines How Production Cost Determines XRP Price, But Is It Better Than Bitcoin? By early August, XRP rebounded, climbing to $3.33 to form the B Wave top. As a result, Dark Defender’s chart structure remains intact, with the cryptocurrency now positioned in the Wave C phase. The analyst’s projection anticipates a price decline completing this corrective leg before XRP can initiate the next significant upward move.  Dark Defender’s chart also highlights critical price interaction points, including exact hits at $3.333 and $3.364 before a rebound. In addition, XRP’s Relative Strength Index (RSI) movements align closely with the wave progression, showing dips at key reversal points and its current momentum staying within the expected zone.  According to this wave framework, the next phase hinges on whether XRP can maintain its structure through the end of the corrective cycle. If it does, Dark Defender suggests that the technical setup could open the path for significant upward momentum, potentially positioning the cryptocurrency for its next bullish leg. The trajectory of the green arrow in the chart indicates a possible price rally above $3.8. With XRP trading at $3.14 as of writing, this would represent a significant price increase of over 21%.  XRP Price Eyes $5.8 Breakout After Bounce In a follow-up post, Dark Defender noted that XRP bounced precisely from the $3.333 level before resuming its upward movement. This bounce occurred after the Elliott Wave corrective structure pushed prices down from recent highs.  Related Reading: XRP $5 Target Remains Intact Despite Price Retrace, Here’s Where It’s Headed Next At the time of the analysis, XRP was trading near $3.06, positioned within a consolidation range that could extend toward the $3.05 area if $3.33 remains a barrier. As mentioned earlier, XRP’s price chart shows an ABC corrective wave in play, with the cryptocurrency now in the middle of the ‘B’ leg’s development.  If the $3.33 resistance is decisively cleared, the analyst projects a rapid acceleration toward higher short-term targets at $4.39 and $5.85. At current market prices, this would represent a significant surge of roughly 39.8% and 86.3%, respectively. Dark Defender also notes that support remains firm at $3.05 and $3.00, marking key levels where buyers are expected to step in should prices retrace. Featured image from Getty Images, chart from Tradingview.com

Raoul Pal, a macro investor, former Goldman Sachs strategist, and founder of Real Vision, has revealed that he has been holding XRP for over four years after he referred to the digital asset as part of what he once described as a “moron trade.” The label, not meant as an insult, was a way to tell a specific retail trading behavior in early crypto market cycles. Soon after, he disclosed that he bought XRP in 2021 when it was trading at $0.60.  Raoul Pal Clears XRP “Moron Trade” Comment In a recent interview, Pal outlined his views on how retail investors enter the crypto market and how the nominal price of a token can influence their buying decisions. He breaks the space into three risk categories: large, established layer-1 tokens he called “idiot-proof,” a more challenging middle tier of DeFi tokens, and a straightforward momentum play he described as the “moron trade.” Pal stressed that the phrase was not an attack on holders but a description of what happens when newcomers avoid higher-priced coins and buy cheaper ones without deeper analysis. Related Reading: Here’s What Is Going On In The Shiba Inu Community Amid Major Electoral Process Following the comment, Pal quickly clarified his position on XRP. He revealed that he had held the asset since June 28, 2021. The price was just below the market price, which hovered around $0.64. Sharing the exact date and entry point reflects his commitment to transparency, as he highlights that investors can keep their market views separate from how they invest. Four Years Of Holding XRP And A Strong Payoff Holding XRP for a multi-year span has become a highly profitable move for Pal. At the time of writing, XRP trades at around $3.15, representing an approximate 5.5x gain from its $0.60 entry. The price appreciation is driven by improved regulatory clarity, growing whale accumulation, and bullish technical patterns, with metrics such as rising open interest in XRP futures and positive on-chain indicators like MVRV golden crosses reinforcing the rally. Related Reading: Man Who Threw Away $1 Billion In Bitcoin Debunks Rumors, Here’s The Progress Pal’s decision to hold through four years of market ups and downs, including a long stretch of legal uncertainty with the U.S. Securities and Exchange Commission, points to a conviction level beyond short-term speculation. The significance of his position extends beyond profits to the message it conveys to the crypto market. By staying invested during volatile cycles, Pal has shown that XRP can be seen as a viable long-term asset when bought at what later proves to be an opportunistic price. His early entry came well before XRP’s major rally phases, making it a textbook example of patient capital allocation. To the XRP community, Pal’s disclosure feels like validation. It shows that discipline and vision can pay off in a fast-moving market while also strengthening XRP’s case as a strategic investment now standing on firmer ground as the bullish trend continues. Featured image from Real Vision, chart from TradingView.com

Gert van Lagen says the macro structure of XRP has finally done the one thing it needed to do: break the neckline of a seven-year base and hold it. “XRP [2W] – Ripple is ready to rip. The 7-year double bottom has broken out at ❌ The neckline was successfully retested at ???? ATH cleared — first target near ~$34, at 2.00 fib. extension of double bottom. → Compare with 2014–2017 setup,” the analyst wrote. His chart is drawn on a logarithmic scale with two-week candles, framing the move as a multi-cycle reversal rather than a short-term pop. Could XRP Really Hit $34? The geometry is clear on the chart. A broad W-shaped base stretching from the 2018–2024 bear market carved twin lows in the sub-$0.20–$0.30 region, then returned to a horizontal neckline that sits just above the $2 handle. Van Lagen marks an initial breakout attempt with a red cross just over that barrier, followed by a decisive surge and a pullback that tags support around the $2 area, annotated with a blue dot. On a log chart, that textbook breakout-retest sequence is the confirmation step technicians typically look for before projecting targets. Price at the time of the snapshot is labeled $3.19 on the right axis, meaning XRP is trading above the neckline but still below the 2018 all-time high at $3.40. That placement matters because the prior macro cap now acts as support; staying north of roughly $2.00 keeps the double-bottom thesis intact. The measured arrow drawn from the neckline replicates the height of the base on a multiplicative (log) basis, which is why the upside extension leaps into the mid-double digits rather than adding only a few dollars. Related Reading: BlackRock Addresses Burning XRP ETF Question: Is A Filing Coming Or Not? Van Lagen’s first objective is derived explicitly from Fibonacci proportions. He sets the 2.00 extension of the double-bottom as the initial target, landing “near ~$34.” On his scale the projected path peaks above the $27 and $20 grid lines and briefly tags the mid-$30s before mean-reverting, consistent with how log-scale extensions translate when a long consolidation unwinds quickly. The left side of the graphic provides the historical rhyme he wants readers to notice. Between 2014 and 2017, XRP built a smaller double-bottom within a shaded accumulation zone, broke its neckline, retested it, and then accelerated vertically. Van Lagen marks that sequence with the same red cross at breakout and blue dot at the retest, plus a vertical measuring arrow to illustrate how the earlier base resolved. The current pattern, shaded across 2018–2025, repeats that choreography at a far larger scale. His sketch includes a time-and-price roadmap using twelve forward candles—two-week bars—implying a five- to six-month arc for the entire move if it were to echo the prior cycle. The first projected bar vaults XRP above $11. After three candles, the blue path tops out above $36, roughly six weeks into the run. Related Reading: XRP Price Could Explode To $3.8 Amid Trend Continuation The fourth candle traces a deep retracement back toward the $11 region, followed by a sharp recovery above $30 on the fifth. The next three candles stabilize around the $30 area before the path draws another slide to ~$11 and the onset of a cooling phase. The sequence is illustrative rather than prescriptive, but it visually anchors the extension math to possible market behavior. Whether XRP can follow the steep path sketched in blue is a separate question from whether the double-bottom has technically activated. Van Lagen’s chart answers the second with a yes: the breakout and retest sequence is complete. The first answer—delivery toward the ~$34 Fib extension—will be determined by how the next several two-week candles will look like. At press time, XRP traded at $3.14. Featured image created with DALL.E, chart from TradingView.com

The world’s largest asset manager, BlackRock, has broken its silence on whether it intends to file for an XRP ETF. This follows months of speculation that the firm could soon file to offer this fund.  BlackRock Has No Plans For An XRP ETF For Now A BlackRock spokesperson told The Block that they have no plans to file for an XRP ETF at this time. This ends speculations that it will join eight other asset managers who have already filed to offer this fund. The world’s largest asset manager already offers Bitcoin and Ethereum ETFs, and based on the statement, the firm plans to stick with only the two largest crypto assets.  Related Reading: BlackRock To File For XRP ETF After Ripple-SEC Settlement? Market Expert Answers NovaDius Wealth President Nate Geraci was one of those who had speculated that BlackRock was going to file for an XRP ETF soon. Prior to the asset manager’s statement, Geraci opined that the firm was waiting for the Ripple SEC lawsuit to end before filing for an iShares XRP ETF. He made this prediction following Ripple and the SEC’s filing of a joint dismissal to end the XRP lawsuit.  Geraci further remarked that it makes “zero” sense for BlackRock to ignore crypto assets beyond Bitcoin and Ethereum. He added that if they do that, they are basically saying that BTC and ETH are the only crypto assets that will ever have value. Following BlackRock’s statement, the NovaDius Wealth president said that the firm’s decision not to file for an XRP ETF will be looked on as a mistake.  Bloomberg analyst Eric Balchunas also weighed in on BlackRock’s decision not to file for an XRP ETF. He asked Geraci if an XRP filing is enough or if he feels the world’s largest asset manager should also file for SOL, Tron ETFs. He further questioned where exactly the line should be drawn on how many crypto ETFs asset managers should offer.  Potential Demand For These Funds Nate Geraci believes that there will be significant demand for the XRP ETFs, which is one reason why he thinks BlackRock is making a mistake by not filing for one. He noted that futures-based XRP funds have taken in over $1 billion since their launch this year. He opined that this proves that there will be “real” demand for the spot funds.   Related Reading: XRP Price Projection: 5 Key Things To Watch Out For As The Bull Market Unfolds Pro-XRP lawyer John Deaton is confident that BlackRock will still file for an XRP ETF. He said that he is willing to bet that this happens within a year. BlackRock’s failure to file for this ETF now and opt to do so later could prove costly since the pending applications could have the first-mover advantage. According to Bloomberg analysts James Seyffart and Eric Balchunas, there is a 95% chance that the SEC approves these funds this year. At the time of writing, the XRP price is trading at around $3.26, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

XRP has shown a lot of potential after its price bounced off a major trendline and has now been able to turn previous resistance levels back into support. As the crypto market looks to be in an uptrend, it is likely that the XRP price could see a continuation of the current bullish trend going into the new week. If this happens, crypto analyst Lingrid sees such a move leading the digital asset back toward its all-time high levels before the next major decline. XRP Price In A Perfect Position For Continuation In the analysis, Lingri points out that the XRP price is now holding support at a notable level, which is above $3. This comes after a crash below this level, as bears had beaten down the price. However, as the ascending trendline had moved, the cryptocurrency was able to break above, and this meant that it was a signal for a possible continuation. Related Reading: Ethereum Fractal Mirrors Bitcoin’s 2018-2021 Run, Ready For 1,110% Surge The analyst had initially predicted a decline back below $3.2, but the emphasis was on the fact that the $3.15 support is able to hold after the rebound. This level now becomes the level to watch, especially if the structure is able to remain intact from here. In the event of a bounce from the $3.15 support and a breakout, Lingrid expects a sharp upward movement for the XRP price. The buy zone here is placed at the $3.1-$3.2 levels, with a break above $3.4 being the confirmation of the buy trigger. Once the move is underway, a 20% move is expected to send the price toward $3.8. This is where the next major resistance lies for XRP once the break is complete. “A breakout above 3.4000 could open the way for accelerated upside movement. Trend bias remains bullish while price holds above key support,” Lingrid stated. Bears Could Still Take Control As is the case with any analysis, there is the possibility of an invalidation and that the XRP price would end up going the opposite direction. In this scenario, it is if there is another break below $3 again, which would serve as the invalidation move that will put bears back in control. Related Reading: Bitcoin Moves Into $12 Trillion Sector: Why BTC In 401Ks Is A Big Deal Lingrid explains that such a breakdown would shift the trend to bearish. There is also the possibility of limited upside brought about by a weakening of the market. Even in the event that the XRP altcoin does complete the bullish move to $3.8, the crypto analyst says the resistance near $3.8 could also trigger a sharp rejection. Featured image from Dall.E, chart from TradingView.com

In the latest daily technical update posted on X, Cryptowzrd noted that XRP concluded the session with an indecisive close. Yet, maintaining its stance at the $3.3000 resistance level is notable following the strong bullish rally seen yesterday.  Daily Candle Stalls, But XRPBTC Pair Shows Strength Cryptowzrd provided a detailed breakdown of XRP’s current market setup, noting that the daily candle closed indecisively. Despite this, the XRPBTC pair ended the session with a somewhat bullish tone. According to the expert, a decisive move above 0.0028750 BTC could spark a rapid and impulsive upside rally, adding significant momentum to XRP’s bullish prospects from its present position. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level He pointed out that XRP was hovering near the $3.23 resistance level, a key zone that has the potential to unlock further gains. Should this level give way, the price could advance toward the next major resistance at $3.65. The momentum from such a breakout could be amplified if paired with strength in the BTC market. Beyond the $3.65 threshold, Cryptowzrd foresees the possibility of XRP surging toward a new all-time high near $4.60. He stressed that such a move would likely be driven by a strong, impulsive rally fueled by increased buying pressure and market enthusiasm. This scenario would mark a significant milestone in XRP’s current recovery phase. On the downside, $2.80 remains the critical daily support level to watch. Maintaining this support is vital for preserving the overall bullish market structure. A breakdown below it could alter the current outlook, potentially inviting deeper corrections and cooling bullish sentiment. Looking ahead, Cryptowzrd confirmed that his attention will remain on lower time frame chart formations in the coming sessions. He is particularly focused on identifying the next viable scalp opportunity, as the current secured position continues to work in favor of the broader strategy. Volatility Persists As Traders Eye $3.23 Retest Wrapping up the analysis, the analyst highlighted that XRP’s intraday chart experienced significant volatility on Friday and is likely to maintain that intensity in the near term. Such choppy price action presents both risks and opportunities for short-term traders. Related Reading: XRP Price Poised for Fresh Upward Move Amid Renewed Bullish Pressure The analyst pointed out that a retest of the $3.23 level as support, followed by a bullish reversal, could pave the way for another promising long position. Conversely, a decisive breakout above the $3.23 intraday resistance would likely propel XRP toward the $3.65 resistance zone, offering a clear upside target. For now, Cryptowzrd stressed the importance of patience, emphasizing that the next move should come from a healthy and mature trade setup. Featured image from Getty Images, chart from Tradingview.com

After a near steady decline over the last week, the XRP price is now struggling as it fluctuates between bearish and bullish impulses. This correction is concerning as it is pushing the price downward toward a Fibonacci level that could spark further decline. Given this, the price must reclaim and hold the $3 level if there is to be any major recovery in the price. What’s Wrong With XRP? Crypto analyst CasiTrades outlined the challenges that the XRP price is currently going through and what needs to happen for the altcoin to regain bullish momentum. In the X post, she explains that the failure to rally after a brief bounce above $3 showed that there wasn’t more upward movement to be had. But rather, it was just part of the deeper corrective wave. So far, this has turned out to be the case as the bears were previously able to beat the XRP price below $3 again. Related Reading: Institutional Solana Buying Ramps Up: The Nearly $600 Million Buy Shaking Up SOL Following the first break below $3, the price had pushed to test the support at $2.75. This level is the 0.5 Fibonacci retracement level, and a sustained break below could trigger more crashes. As Casi explains, this decline was part of a larger ABC wave correction, which is inherently bearish in itself. However, the fact that the $2.75 remains above the Wave 1 high of $2.65 leads the analyst to believe that overall, the XRP price is still bullish. Mainly, she explains that there are now bullish divergences showing up on the 15-minute chart all the way to the 40-hour chart. This suggests that $2.75 could be the low of the latest decline. Why $3 Must Hold From Here Given the establishment of a possible low at the $0.75 level, the next course of action is to reclaim $3 and turn this resistance into support. As the crypto analyst explains, a rise above the $3.21 level and a sustained break are what is needed for confirmation that the decline is finally over. What is expected to follow such a move is a bullish impulse. Related Reading: XRP Price Projection: 5 Key Things To Watch Out For As The Bull Market Unfolds If this trend does play out, then the expectation is that the XRP price will be headed for new all-time highs from here. The crypto analyst sees an initial target of $4, which would mean its highest point in over seven years. Then, after that, a possible surge to $4.60-$4.80 serves as the final target. Featured image from Dall.E, chart from TradingView.com

On-chain analytics firm Santiment has pointed out how utility spikes on the XRP network tend to precede bullish price action in the asset’s price. XRP Network Activity Lit Up Before The Latest Price Surge In a new post on X, Santiment has discussed about some network activity-related indicators for XRP. The metrics in question are the Transaction Volume and Circulation. The first of these, the Transaction Volume, measures the total amount of the cryptocurrency that’s becoming involved in transfers on the blockchain every day. While this metric does provide a sense of overall activity occurring on the network, it may give a skewed picture of investor behavior. Related Reading: Dogecoin Is Right Where Past Bull Runs Have Taken Off: Analyst This is because of the fact that not all transfers being made on the chain represent true economic activity. Many of them involve the same part of the supply, constantly in motion due to repeat trades or internal shuffling. The second indicator, the Circulation, helps filter for these moves like these. This metric keeps track of the daily unique number of tokens being shifted on the XRP network. By ‘unique,’ what’s meant here is that no matter how many times a particular coin becomes involved in transfer activity on the blockchain, it still contributes just one unit toward the indicator’s value. Now, here is the chart shared by Santiment that shows the trends in both of these XRP metrics over the last few months: As displayed in the above graph, the XRP Transaction Volume saw a huge spike to $2.1 billion on August 1st. This 6-month high surge in the metric came as the asset’s price was going through a drawdown toward a low near $2.70. Alongside the rise in volume, the Circulation also registered a spike to 1.12 billion tokens, indicating that the transfer activity occurring on the network was organic. Since this burst of activity on the blockchain, the cryptocurrency has witnessed some recovery. From the chart, it’s visible that there have also been spikes in these indicators in the past that led into a price surge for the coin. “Utility spikes on the network consistently foreshadow price jumps,” notes the analytics firm. Related Reading: Bitcoin Short-Term Holders Are Capitulating—Will June Pattern Repeat? In some other news, XRP broke out of a triangular channel on Thursday, as analyst Ali Martinez explained in an X post. Generally, breakouts above a triangle’s upper level are considered to be bullish signals in technical analysis (TA). And indeed, as the pattern may have foreshadowed, the asset has ended up enjoying a surge since then. XRP Price At the time of writing, XRP is floating around $3.29, up more than 7% over the last 24 hours. Featured image from Dall-E, Santiment.net, charts from TradingView.com

A fresh debate in the crypto space has emerged over whether the cost of production significantly impacts the XRP price and the value of Bitcoin (BTC). Market expert CrediBULL Crypto has outlined how these costs influence XRP’s value compared to Bitcoin, concluding that both cryptocurrencies follow the same pricing formula.  XRP Price Formula Mirrors That Of Bitcoin A recent discourse on X social media has reignited discussions on whether production costs play a decisive role in determining the prices of cryptocurrencies. CrediBULL Crypto weighed in, explaining that both Bitcoin and XRP follow the same fundamental pricing model, where the cost to produce, combined with speculative and utility value, determines the market price.  Related Reading: XRP Price Crash Could Deepen As Bearish Formations Gather For Bitcoin, the analyst notes that the cost to mine, taking into account energy consumption and time, represents a significant portion of BTC’s market price. This production cost forms the “X” variable in the analyst’s pricing equation, with the remainder driven by speculative demand and utility.  In contrast, CrediBULL Crypto highlights that XRP’s production cost is negligible, arguably near zero, meaning its market price is primarily driven by demand, adoption, and other speculative factors. Whether mined or premined, the analyst asserts that the market ultimately assigns a value above the production cost based on perceived utility and shifts in investor sentiment.  CrediBULL Crypto’s statement comes in response to a recent clash between market expert BD and Robert Breedlove, a Bitcoin maximalist. In his post, Breedlove suggested that XRP’s “100% premined” status set it apart from Bitcoin, which he asserts is a 0% premined coin. The Bitcoin maximalist also warned investors of the potential consequences of this difference, subtly implying that XRP could be a scam token.  BD countered, asserting that market demand, not production method, dictates price. He further emphasized that neither mining costs nor premined supply inherently determines a cryptocurrency’s long-term value.  Demand Dictates Long-Term Survival  Following CrediBULL Crypto’s statement, a community member argued that premined assets, like XRP, could carry higher risks, such as large-scale sell-offs or “rug pulls,” potentially driving their value to zero. They further suggested that BTC’s mined supply structure offers more protection against such scenarios.  CrediBULL Crypto, however, pushed back, stating that production costs do not guarantee long-term survival or resilience. He noted that demand can disappear for any asset, regardless of whether it costs $5 or $100 to produce. He added that the same principle also applies to Bitcoin and XRP, which are respectively priced at $116,601 and $3.34, at the time of writing.  Related Reading: Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First The analyst further pointed out that just because a commodity costs money to produce does not make it inherently valuable. Without sustained interest, even a high-cost-to-produce asset could collapse in value. To illustrate this point, the analyst compared it to investing substantial resources into digging a massive hole—a process requiring real effort but might hold no value if no one finds the hole useful. Featured image from Getty Images, chart from Tradingview.com

Crypto pundit Versan Aljarrah, the founder of Black Swan Capitalist, published a lengthy post on X on Aug. 7 alleging that the XRP price is being deliberately constrained by a multi-pronged architecture spanning exchanges, regulation, and liquidity infrastructure. Framing the situation as “The Biggest Financial Cover-Up,” Aljarrah writes that “the current price of XRP doesn’t reflect its utility, its adoption, or its strategic position,” and claims the “suppression mechanisms in place are layered, coordinated, and strategically embedded within the very exchanges, regulations, and infrastructure that claim to support a free market.” Is The XRP Price Manipulated? Anchoring his thesis to the SEC’s December 2020 enforcement action against Ripple, Aljarrah characterizes the timing as deliberate and disruptive rather than investor-protective. “This wasn’t about investor protection. It was strategic economic warfare,” he argues, asserting that “just days after XRP began gaining traction on Bloomberg and other news outlets,” the lawsuit was filed “under direct orders from central planners and Wall Street.” He ties that filing to what he describes as momentum in XRP’s real-world payments utility, citing Ripple’s relationship with MoneyGram and “other key global payment corridors.” According to Aljarrah, the case “froze US institutional capital, forced XRP off most trading platforms, and created uncertainty around its legal status,” echoing a view he attributes to @Jvallee2000 that the action was about “disrupting momentum and eliminating competition through regulatory overreach.” Related Reading: XRP Price Projection: 5 Key Things To Watch Out For As The Bull Market Unfolds The core of his market-structure critique targets centralized exchanges. Aljarrah claims that whenever “liquidity begins to build or organic volume starts to rise,” XRP encounters “clear patterns of coordinated resistance.” He alleges the presence of “algorithmic trading bots, spoof orders, and systematic wash trading” that “consistently stall momentum or create fake volume to obscure real demand,” and argues that if XRP “were treated like any other digital asset,” it would exhibit “sharp upward price action as utility driven demand increases.” Instead, he says, the market repeatedly “bumps into artificial sell walls at key resistance points and high volume transactions that mysteriously have no impact whatsoever on the spot price,” which he calls “no accident.” Aljarrah devotes particular attention to how he believes enterprise payments activity is insulated from public price discovery. He describes Ripple’s On-Demand Liquidity flows as settling in XRP “but [being] intentionally kept off the radar of traditional market activity.” In his telling, “volume is somehow routed through OTC desks, private liquidity hubs, and arranged corridor partners to minimize slippage and limit the market exposure.” That routing, he argues, enables XRP to “function as a global bridge asset without triggering visible price increases on public exchanges.” He concedes uncertainty on the precise mechanics—“I’m not sure how this is done but maybe this has anything to do with it?”—and points readers to an external video clip as a possible illustration. Related Reading: XRP May Be Headed For A Deeper Correction, Warns Analyst He then situates these alleged microstructure effects within what he portrays as a structurally restricted US market during critical adoption years. “Coinbase, Kraken, and other major exchanges delisted and restricted XRP following the SEC lawsuit, effectively cutting off access for retail investors,” Aljarrah writes, while claiming Ripple’s expansion “globally, particularly across Asia and the Middle East,” left US participants “sidelined under the guise of regulatory uncertainty.” He characterizes the dynamic bluntly: “The US was playing both sides, and there’s proof of it.” XRP Adoption In The Dark? The post also advances a narrative of divergence between XRP’s intended function and its observed trading correlations. Aljarrah says XRP has been “treated as a long term utility instrument for a new monetary system, unlike 99% of the crypto market,” yet its price action remains tethered to “violent, speculative assets like $BTC and $ETH, neither of which offer any real utility.” He alleges “institutional accumulation behind the scenes,” asserting that while “retail investors were kept in the dark and blocked from key markets, institutional players gained early access through private investment vehicles, regulatory sandboxes, and cross-border corridor testing.” Summarizing this view, he insists: “The flows are real, yet none of it shows up on public charts. Meaning, XRP is being adopted. It’s being used. But its price is being managed.” Price level rhetoric features prominently in Aljarrah’s conclusion. “You can’t accept XRP’s role in real time settlements, central bank integrations, and global remittance adoption at a stagnant $3 price tag without acknowledging how tightly it’s being controlled,” he writes, adding a categorical forecast: “If XRP were allowed to operate in a truly open and fair global marketplace, without artificial barriers, I guarantee you it wouldn’t be hovering around three dollars.” He closes by asserting a deliberate, time-bound design to the current state of play: “There’s a deliberate framework designed to suppress XRP until the infrastructure is fully built and legacy systems are ready to migrate.” The open issue he poses—“how long will the suppression continue while the very institutions enforcing it prepare to flip the switch?”—serves as his final provocation. Aljarrah’s post presents a comprehensive allegation that links legal timing, exchange behavior, liquidity routing, and institutional access to a single outcome: visible underpricing relative to utility. The claims are framed as assertions rather than accompanied by underlying order-book data, corridor-level volumes, or documentary evidence. But his position, in his own words, is unambiguous: “XRP is being adopted. It’s being used. But its price is being managed.” At press time, XRP traded at $3.33. Featured image created with DALL.E, chart from TradingView.com

A new analysis by popular crypto chartist EGRAG CRYPTO on the social media platform X provides an in-depth look at five technical markets on XRP’s path forward. Notably, XRP’s price action has been experiencing a slight retracement and consolidation in early August following a rally in July during which XRP broke above $3 and reached new all-time highs. Key Things To Watch Out For With XRP’s Price Action Currently trading just around the $3.00 psychological level, XRP’s price action is witnessing volatile candles across shorter timeframes. However, according to the technical outlook from EGRAG CRYPTO, XRP bulls appear to be defending key zones around $2.90, amidst the broader market sentiment remaining cautiously optimistic. Related Reading: XRP Price Crash Could Deepen As Bearish Formations Gather The first key thing to watch out for is bullish closings above $3. Zooming into the 4-hour timeframe, EGRAG’s first key observation is that XRP has managed to close multiple candlesticks above the $3.00 threshold. This level is not only psychological but also a strong confidence booster for traders looking for confirmation of bullish continuation.  Secondly, the charts show that most of the candle wicks are forming from the upside, a sign that while sellers are active, they have not overwhelmed the buying strength just yet. However, the third key thing to watch out for is a possible correction. Particularly, EGRAG noted that a retest of the $2.96 to $2.93 price zone is possible in the near term. This price range has been marked as a short-term support zone, where buyers could look to reload if XRP briefly dips.  That being said, the more critical level for bulls to protect is $2.80, which is the fourth key thing to watch out for. According to the analyst, closing below $2.80 again would undermine the bullish structure and could cause downside momentum. As such, holding above this level is crucial for maintaining bullish momentum.  Price Target Goals The fifth key thing to watch out for as the bull market unfolds is price targets that can confirm bullish momentum. In terms of price targets and resistances, EGRAG noted specific price levels that would reflect new bullish energy and possibly a breakout to new all-time highs.  Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The first milestone is a close above $3.185. This level previously acted as a rejection zone in late July. Therefore, breaching $3.185 with conviction would flip sentiment more decisively in favor of the bulls. Above that, the analyst highlighted $3.25 as the next key checkpoint, and surpassing it would put XRP in a strong technical position. The resistance targets beyond that are $3.33 and $3.45, and these are breakout zones that could cause a new all-time high scenario. These targets align with the upper resistance blocks illustrated on EGRAG’s charts, and any solid close above $3.45 can be interpreted as a move to at least $3.65. At the time of writing, XRP is trading at $3, up by 2.4% in the past 24 hours. Featured image from iStock, chart from Tradingview.com

XRP has come under selling pressure following its recent all-time highs near the end of July. After briefly pushing above the $3.10 mark, bullish momentum faded, triggering volatility across the board. While XRP remains within its long-term bullish trend, buyers are losing control of short-term price action. The failure to maintain levels above $3.10 has led to growing concerns about a deeper correction, especially as broader market sentiment turns cautious. Related Reading: Ethereum Bears Dominate Market Orders: -$418.8M Daily Net Taker Volume Signals Trouble New data from CryptoQuant adds to the bearish outlook. Whale flows have sharply flipped into negative territory, indicating renewed distribution by large holders. This shift resembles the pattern seen earlier this year, when sustained outflows from whales preceded a multi-week correction. Unless this trend reverses with consistent accumulation from major players, XRP may remain structurally weak in the near term. With the entire crypto market losing momentum, the coming days will be critical for XRP. Investors are watching closely to see whether long-term support holds or if distribution pressure escalates. The behavior of whales, combined with rising volatility and short-term bearish sentiment, suggests caution is warranted as XRP’s price action enters a decisive phase. Whale Outflows Signal Caution for XRP As Market Faces Structural Weakness According to CryptoQuant analyst The Enigma Trader, XRP’s on-chain metrics are flashing warning signs. The 90-day moving average (90DMA) of whale flow has sharply turned negative, signaling renewed distribution from large wallets. This pattern mirrors activity observed in January–February 2025, when XRP hit a local top before experiencing a sustained correction. During that period, consistent outflows from whale wallets coincided with growing selling pressure, leading to a sharp downturn in price. While the current drawdown is milder and shorter in duration, the directional similarity is notable. The shift in whale flow suggests that large holders are reducing exposure, likely anticipating increased volatility or weaker demand in the near term. For XRP to regain bullish momentum, The Enigma Trader points out that the market needs to see a return of consistent positive whale flows, exceeding +5 million XRP per day. So far, there’s no clear sign of such activity. Without renewed accumulation from institutional players or high-net-worth investors, the market may remain structurally weak. Whale buying has historically been a key signal for trend reversals and sustained price rallies. Until that resumes, XRP could continue to struggle with short-term volatility and selling pressure. Related Reading: Bitcoin Net Taker Volume Stays Bearish – Fragile Market Structure Risks Liquidation Cascade Price Holds Support After Post-ATH Pullback XRP is currently trading around $2.98 after pulling back from its all-time high above the $3.60 level set in late July. As shown on the daily chart, the price recently bounced near the 50-day simple moving average (SMA), which sits at $2.71, suggesting this moving average is acting as a dynamic support level. The overall trend remains bullish, with XRP still well above the 100-day ($2.49) and 200-day ($2.45) SMAs. Despite the correction, XRP’s structure is holding up as long as the price stays above the $2.70–$2.80 zone. A decisive breakdown below this range could expose XRP to further downside, potentially revisiting the 100-day SMA for support. On the upside, bulls face immediate resistance around $3.10, a level the market has tested multiple times since the pullback. Related Reading: Is Bitcoin Overheated? Key Signal Flashes Warning Similar To 2021 And 2024 Market Tops Volume has decreased during the recent decline, suggesting that sellers are losing momentum. However, without a surge in buying pressure, the rebound may stall below key resistance levels. Market participants are watching closely to see if bulls can reclaim $3.10 and build a base for a new upward leg, or if the lack of accumulation — especially from whales — signals more downside ahead. Featured image from Dall-E, chart from TradingView

Crypto market analyst Ali Martinez is warning that XRP’s latest pullback could extend, citing a cluster of bearish signals across price, on-chain, and behavioral metrics. Why XRP Could Face A Deeper Correction In an X thread posted early Wednesday, Martinez opened with: “XRP may be headed for a deeper correction. Here’s why!” and pointed to a Tom DeMark Sequential sell signal on the three-day chart “right at the local top,” which he said “trigger[ed] the ongoing pullback.” His remarks follow a weekend note flagging $2.40 as the “next key support level to watch” after that three-day TD sell signal. Martinez expanded on market structure, arguing that while the $3.00 area has intermittently acted as support, historical accumulation patterns make $2.80 a temporary buffer, with “real support” beginning below $2.48—a zone he has mapped using on-chain positioning. Related Reading: XRP Price May Be ‘Controlled’ By This Market, Says Analyst He reiterated on Aug. 3 that “past accumulation behavior points to $2.80 as a temporary buffer for XRP, but real support begins below $2.48,” adding that the most consequential level on his dashboard remains $2.40. Independent coverage of his analysis echoed those thresholds, framing $2.80 as a light cushion with heavier demand pockets sub-$2.50. Flow data has added to the bearish case in the near term. Martinez said whales have offloaded over 720 million XRP, intensifying sell-side pressure in recent sessions; earlier, on Aug. 2, he specified that “whales have sold over 710 million $XRP in the past 24 hours!” That spike in large-holder distribution has been picked up by multiple market trackers and recaps over the past few days. He also flagged the Market Value to Realized Value (MVRV) signal turning sharply negative. “The MVRV ratio just flashed a death cross,” Martinez wrote, calling it “another sign that a steeper correction could be underway.” The post underscores the crossover as a warning of rising downside risk if short-term holders’ cost basis begins to overhang market value. While “death cross” language is more commonly associated with moving-average pairs, Martinez uses the term here to describe a momentum break in MVRV curves. Related Reading: XRP MVRV Flashes Death Cross: More Decline Ahead? The TD Sequential—a Tom DeMark-designed exhaustion model often used to anticipate trend reversals—has been central to Martinez’s view since late July, when he tracked a three-day “sell” print near the top of the latest rally leg. He has since framed the path of least resistance as lower unless the market can establish sustained closes back above the high-volume node near $3.00–$3.20, while on-chain profiles continue to privilege $2.48–$2.40 as the area of “real” demand. As he put it on Aug. 3: “The next key support level to watch is $2.40!” For now, Martinez’s roadmap rests on three pillars: an exhaustion sell on the 3-day TD Sequential, large-holder distribution in the hundreds of millions of XRP, and a bearish MVRV crossover, all of which he argues raise the probability of a deeper corrective leg toward the high-$2s and, if momentum deteriorates, the mid-$2s. Whether bulls can defend the shallower buffers near $2.80 may determine if XRP’s decline remains a garden-variety pullback or morphs into a larger reset toward his $2.40 magnet. At press time, XRP traded at $2.93. Featured image created with DALL.E, chart from TradingView.com

Crypto analyst Ripple Queen has made a bold prediction that the XRP price can reach $10,000 at some point. The analyst also highlighted factors that make this price target achievable despite how ambitious it is.  XRP Price To $10,000 Is Already On The Horizon In an X post, Ripple Queen declared that an XRP price tag of $10,000 is already “locked in.” She claimed that the math proves that the altcoin can reach this target and then alluded to how its supply is limited and its utility is unmatched. The analyst added that the world is catching up fast, indicating that more people are adopting XRP.  Related Reading: Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why Ripple Queen further stated that regulatory clarity is falling into place for the crypto industry, which is bullish for the XRP price. Thanks to this regulatory clarity, with laws like the GENIUS Act, Ripple is set to expand its operations, which will boost XRP’s adoption. The altcoin is known to be at the centre of the crypto firm’s operations. Ripple CTO David Schwartz also recently indicated that it will continue to be the bridge currency for their payment services.  In line with this, Ripple Queen remarked that mass adoption is no longer a dream but a countdown, which is why she believes that the XRP price will reach $10,000. The analyst also stated that banks and institutional investors are quietly accumulating, a move that she is confident will soon lead to a massive supply shock for the altcoin.  These institutional investors will also have an avenue to accumulate more XRP once the SEC approves the spot ETFs. Bloomberg analysts Eric Balchunas and James Seyffart have already predicted a 95% chance of approval for the XRP ETFs. The launch of these funds will drive more capital into the altcoin’s ecosystem, which is bullish for the XRP price.  Current Price Action On Journey To $10,000 Crypto analyst CasiTrades has provided insights into the current XRP price action, even as it eyes this projected rally to $10,000. In an X post, she stated that the price action isn’t bearish yet from a technical standpoint despite the recent correction. The analyst noted that the low at $2.75 remains above the wave 1 high around $2.65, which keeps the larger uptrend intact.   Related Reading: Analyst Says XRP Price Is Now In Wave 4 — What To Expect CasiTrades further revealed that bullish divergences are showing up on the 15-minute chart up to the 4-hour chart. She claimed that this supports the case that $2.75 could be the bottom of this corrective wave. Moving forward, the analyst stated that a proper reclaim of $3.21 and a strong break above this level would begin to confirm that the correction is over and that the next leg up is underway. If that happens, the next target zone will be between $4.60 and $4.80.  At the time of writing, the XRP price is trading at around $3.05, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

An independent market analyst who tracks on-chain order-flow data says South Korea’s Upbit exchange may now wield outsized influence over the spot price of XRP, the world’s fifth-largest crypto-asset by market capitalization. In a series of posts on X, the trader known as “Dom” (@traderview2) published a chart of cumulative-volume-delta (CVD) across eight venues that appears to show Korean selling pressure easing just as the token found a local bottom. Is Upbit In Control Of The XRP Price? “Korean market Upbit may actually control the price of XRP more than we think. Right when they stopped their selling pressure, we bottomed, despite Binance continuing its selling,” Dom wrote, adding that the market has “slowly staircased up since, with a potential TWAP happening on Coinbase (nearly 15 M $XRP accumulated since).” The 48-hour chart, covering 2–4 August, plots the net market buys and sells on Binance, Coinbase, Bybit, OKX, Kraken, Bitstamp and Upbit against XRP’s average spot price. While Binance’s CVD line (green) continued to grind lower—signalling sustained net selling—Upbit’s purple line flattened after an aggressive draw-down of roughly 35 million XRP. The inflection coincided with a reversal in the grey price line, suggesting that waning Korean offers may have removed the largest headwind even as Binance sellers pressed on. Related Reading: XRP MVRV Flashes Death Cross: More Decline Ahead? Dom’s thesis is not new. Since April he has repeatedly flagged what he calls “absurd size” flows on XRP/KRW at Upbit. On 6 May he noted –220 million XRP net sold since 11 April, equating to more than $500 million at the time. On 2 August he said Upbit had market-sold 40 million XRP in 24 hours, more than “all other venues combined.” Earlier snapshots on 6 and 16 April recorded 50 million and 30 million XRP of net selling respectively, with sell-side market orders accounting for over half of all prints. Related Reading: Market Cap Not A Hindrance To XRP Price Reaching $1,000, Expert Explains Why Those figures matter because Upbit has evolved into one of the world’s deepest spot venues. Last month the Seoul-based platform processed $110.2 billion in volume—6.4 percent of global exchange turnover—ranking fourth behind Binance, Bitget and Bybit. Within its own order books, XRP often eclipses Bitcoin: CoinMarketCap data shows the XRP/KRW pair captured 24 percent of Upbit’s entire 24-hour volume (followed by ETH with 14.1% and BTC with 6.3%), translating to $444 million. While the data cannot establish causality, the pattern underscores what several liquidity-providers have observed since 2023: regional exchanges can dominate individual asset flows even when their share of total crypto activity appears modest. South-Korean retail enthusiasm for XRP already nurtured during the 2017 bull cycle and continues to funnel disproportionate size into the KRW market in this cycle as well. When that flow turns—as Dom’s dashboard shows—the global price seems to notice. At press time, XRP changed hands at $3.05, up 4.8% in the past 24 hours. Featured image created with DALL.E, chart from TradingView.com

An analyst has pointed out that XRP has seen a death cross on its MVRV Ratio, a potential sign that a steeper drawdown could be coming. XRP MVRV Ratio Has Crossed Under Its 200-Day MA In a new post on X, analyst Ali Martinez has talked about a crossover that has occurred in the Market Value to Realized Value (MVRV) Ratio of XRP. The “MVRV Ratio” refers to an on-chain indicator that tells us how the Market Cap of the asset compares against its Realized Cap. The Realized Cap is a capitalization model that calculates the cryptocurrency’s total value by assuming the ‘real’ value of each token in circulation is equal to the price at which it was last transacted on the blockchain. This is different from the Market Cap, which takes the current spot price as the same one value for the entire supply. As the last transaction of any token is likely to denote the last point at which it changed hands, the price at its time could be considered as its current cost basis. Thus, the Realized Cap, which adds up this value for all coins, is essentially the sum of the capital that the investors have put into the asset. Related Reading: Altcoin Season Here? 6 Key Metrics Show Market Shift Since the MVRV Ratio compares the Market Cap, which can be thought of as the current value held by the investors, against this initial investment, it provides a measure of the profit-loss balance of the market. When the value of the indicator is greater than 1, it means the holders as a whole are sitting on some net unrealized profit. On the other hand, it being under the cutoff implies the dominance of loss on the blockchain. Now, here is the chart for the XRP MVRV Ratio shared by the analyst that shows the trends in its daily value and 200-day moving average (MA) over the past year: As displayed in the above graph, the XRP MVRV Ratio has remained above the 1 mark (corresponding to 0% on the chart’s scale), suggesting the overall market has been in the green recently. There have been some fluctuations within this profitable region, however, like earlier in the year when the metric witnessed a drawdown during which it slipped below its 200-day MA. With the price surge in July, the indicator managed to recover back above the line, but after the latest decline, it has once again crossed below it. “The MVRV ratio flashed a death cross for XRP, suggesting a steeper correction could be underway!” explains Martinez. Related Reading: PENGU Down 11%, But These TA Signals Could Point To Rebound It now remains to be seen how the cryptocurrency’s price would develop from here, given the formation of this bearish crossover. XRP Price At the time of writing, XRP is trading around $3.00, down around 6.5% over the past week. Featured image from Dall-E, Santiment.net, chart from TradingView.com

Crypto analyst Egrag Crypto has advised XRP investors not to panic as they make their next move in the market. This came as he revealed levels to watch out for as the altcoin retraces alongside the broader crypto market.  Analyst Advises XRP Investors Amid Market Correction In an X post, Egrag Crypto told XRP investors, especially the newbies, that they should not let fear dictate their next moves. The analyst also commented on the current price action, stating that investors will see where the market settles by the end of the day. In line with this, he revealed levels that investors should keep an eye on.  Related Reading: Bitcoin Maxi Blasts XRP Investors With ‘Retarded’ Tag Amid Price Drop The crypto analyst stated that if the XRP price maintains closures above $2.80, then it is still in a super bullish position. Furthermore, he claimed that a close near $2.65 keeps the altcoin within a strong structural formation. Meanwhile, Egrag Crypto also raised the possibility of a wick down to $2.34, which would represent a 30% retracement.  Whatever happens, the analyst is still confident that the altcoin will rally to higher prices at some point. As such, he advised XRP investors to stay steady and strong, stating that they should soon fly, indicating another parabolic rally was on the horizon. However, in the short term, a steeper price correction might occur, according to crypto analyst Ali Martinez.  In an X post, the analyst said that the Market Value to Realized Value (MVRV) ratio flashed a death cross for XRP, suggesting that a steeper correction could be underway. His accompanying chart showed that the altcoin could drop to the psychological $2 price level on this decline.  In another X post, Ali Martinez said that the on-chain data shows that past accumulation behavior points to $2.80 being a temporary buffer for XRP. Meanwhile, the real support begins below $2.48.  Long-Term Update For The Altcoin In an X post, Egrag Crypto provided an update on his analysis of XRP’s 6-month chart. He noted that the altcoin has just less than five months left until this candle closes. Based on this, he questioned whether it can still make history by breaking the chasm of whether the top might already be in.  Related Reading: Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First However, the analyst believes that the market top isn’t in and that the last leg for the XRP price is still imminent, something he claimed would be “epic.” Egrag Crypto stated that the Non-Log Scale measured move puts the altcoin at a market top of around $4.89. On the other hand, the Log Scale measured move shows a market top of $48.90. The analyst noted that he is adopting an average approach between the two targets. As such, he sees XRP reaching at least $27.  At the time of writing, the XRP price is trading at around $2.97, up almost 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

The long-standing debate over XRP’s price ceiling is still a strong discussion. In a recent post on social media platform X, fintech analyst Armando Pantoja argued that the notion of market capitalization limiting XRP’s rise to $1,000 is fundamentally flawed. His comment came alongside a short video clip in which he draws comparisons between crypto and early-stage technology companies like Microsoft. Why Market Cap Doesn’t Cap Technology In his video, Pantoja dismissed the idea among many investors that XRP’s market cap should be used as a rigid barrier against long-term price appreciation to the $1,000 price level. He noted that while technical analysis may be useful in the short term, it becomes less relevant when evaluating a token’s potential over an extended period.  Related Reading: Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated To drive his point home, he invoked a hypothetical scenario from the early 1990s, asking viewers to imagine those who doubted Microsoft’s growth because of its market cap. That kind of logic, he suggested, would have missed the wave of mass adoption driven by Microsoft. Pantoja insisted that applying stock market valuation metrics to crypto leads to misunderstandings, especially since tokens like XRP are more akin to technologies than companies. “Always the market cap is too high. What does that matter? It’s the technology that’s going to be adopted regardless,” he said.  This means that XRP is expected to follow a different trajectory, one based more on network usage, utility, and long-term integration into global systems. This, in turn, would see increased demand for XRP and cause its price to barrel to $1,000. Community Reactions: XRP Battling With Momentum It is easy to point to the mathematical implications of XRP reaching $1,000, a valuation that would place its market cap in the tens of trillions. However, supporters like Pantoja counter that such thinking is based on outdated comparisons.  Related Reading: Analyst Says XRP Price Is Now In Wave 4 — What To Expect As such, it is not surprising that Pantoja’s post has resonated well within the XRP community, especially among those who believe the token has far more room to grow than mainstream narratives allow. Nonetheless, the post also attracted some dissenters from those who believe that the price projection may be too high. Rather than focusing on circulating supply or market cap figures, Pantoja argued that long-term XRP valuation will hinge on the real-world adoption of its underlying technology. XRP, through its cross-border use cases, will undoubtedly gain much traction among banks and institutions, especially once the SEC-Ripple lawsuit is finally over. Interestingly, the $1,000 price target is more of a general consensus among a few other crypto analysts. BarriC, a crypto commentator, also posted on the social media platform X that there is a clear path for XRP to first move through $4, then $10 to $20, surpass $100, and finally reach $1,000. He frames it as a multi-stage trajectory based on institutional adoption and XRP’s infrastructure role in cross‑border payments. Dom Kwok, a former Goldman Sachs analyst and co‑founder of EasyA, projected long‑term targets stretching as high as $1,000 by 2030, also contingent on mass adoption. Anders, another XRP proponent, also floated $1,000 as a possible long‑term ceiling in comparison to Bitcoin’s potential of hitting the $1million target. Featured image from Getty Images, chart from Tradingview.com

The Central banks, institutions, and payment corridors are experimenting with something deeper than crypto hype. From cross-border settlements to real-world assets, Ripple is building blockchain infrastructure. If recent comments from top banking executives are any indication, XRP may move trillions in value. The Settlement Layer No One Saw Coming According to KingXRP, the XRP Ledger (XRPL) is on the brink of a groundbreaking transformation that could unlock a staggering $196 trillion market through the emergence of RealFi and real-world finance powered by blockchain technology. His post includes a recent interview with Teucrium CEO Sal Gilbertie, where he made a bold declaration that XRP and Ripple will move trillions and tokenize the entire financial system.  Related Reading: XRP’s Secret Weapon? Ripple Exec Says It’s Not What You Think As mentioned in the video, XRP is often misunderstood. It can be traded and speculated on like any other asset, but its true purpose goes much deeper. Ripple is the company behind XRP, and it was originally founded to facilitate fast, efficient money transfers across borders. Apparently, XRP is now evolving far beyond simple transactions. It’s becoming a foundational tool for tokenizing a wide range of assets and enabling the movement of value in new and innovative ways.  As Ripple continues to advance its level 2 infrastructure, it’s becoming increasingly clear that they are positioning to tokenize the entire financial system. They have acquired a broker-dealer clearing member, which is a strategic move that brings them one step closer to integrating deeply with the traditional financial markets. This move marks what Gilbertie believes is the first step toward integrating traditional finance with DeFi. The acquisition of a broker-dealer isn’t just a technicality, but it’s the kind of infrastructure move that would rewire the system in the future. XRP Moves Into Institutional Payment Rails CryptoGeek has also shared an update on X about Ripple Chief Technology Officer (CTO), David Schwartz, stating that banks are now integrating XRP. Meanwhile, Ripple Bank will operate entirely on the XRP Ledger, settling all payments with XRP as its core asset.  Related Reading: Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure Schwartz emphasized in the video that closing a deal with a bank always feels exciting, and it looks great on paper, which signals validation. However, behind the scenes, it’s a different story, and banks are extremely slow to move, cautious, conservative, and are bound by layers of internal processes. Furthermore, Schwartz stated that the team focused a lot on banks, because landing a press release with a major institution looked like progress. It felt like a milestone, and over time, the firm realized most of them were only in it for the optics. Featured image from Getty Images, chart from Tradingview.com

XRP’s recent performance has been relatively strong against Bitcoin in the past month. Over the past few weeks, the XRP/BTC pair has been quietly pushing up above the 0.00002100 level and challenging long-standing horizontal resistance levels.  Amid this movement, a new technical analysis from crypto analyst JayDee has stirred controversy on social media, with the suggestion that XRP may soon go on an explosive rally against Bitcoin before suffering a catastrophic 90% crash. Final Biblical Move To Send XRP/BTC Surging According to JayDee, XRP is entering the final phase of its multi-year structure against Bitcoin, and a dramatic breakout could be imminent. “$XRP is on the verge of having its FINAL BIBLICAL MOVE against $BTC in the coming months,” he wrote. As shown in a monthly candlestick timeframe chart of the XRP/BTC pair, which the analyst shared on the social media platform X, XRP/BTC is currently sitting around a resistance zone after escaping a long-term descending triangle back in December 2024. Related Reading: XRP Price Set To Teleport As Major Financial Players Tap In — Opportunity Window Closing Fast A thick green box shown in the chart below suggests that the next move may be a rapid surge, which could see the XRP/BTC pair trade for as high as 0.00007. At the time of writing, XRP/BTC is trading at 0.00002649. Therefore, an increase to 0.00007 will represent a 164% increase from the current levels and put the pair trading at levels not seen since mid-2019. The green target zone will likely come into play once resistance at 0.00002700 is cleared with enough volume for XRP. A strong factor that could see XRP outperforming Bitcoin by such a massive amount is if Spot XRP ETFs are finally launched in the US. Supporting this view is a bullish crossover forming on the Stochastic RSI, which is circled on the chart. The momentum indicator is currently sitting just above the 60 line, which is another sign that the pair could be on the verge of a sharp move higher. Once this bullish cross is confirmed, the rally would be massive and go along the line of many traders expecting an intense upside in a short period of time. However, the expected price overperformance of XRP against Bitcoin comes with a twist; this euphoric phase won’t last long. The Predicted 90% XRP/BTC Crash Analyst JayDee warns that what comes after this final Biblical XRP/BTC move could be devastating for most XRP holders. “Right before HISTORICAL 90% crash that will wipe out most investors,” he added.  Related Reading: XRP Price Showing Quiet Strength As Next Breakout Level Lies At $4.65 The predicted crash is shown in the chart image above with a massive blue arrow pointing downward into a pink zone located between $0.000009 and $0.000007. According to the structure, this drop would return XRP/BTC to retest its long-term ascending support trendline, which has held since 2017. A 90% crash in the XRP/BTC pair could happen if XRP experiences a severe price breakdown below $3 and $2. Alternatively, XRP could underperform and drive the ratio downward even without a sharp XRP price decline if Bitcoin regains dominance and begins setting multiple new all-time highs. Featured image from Getty Images, chart from Tradingview.com

Ripple Labs Chief Technology Officer, David Schwartz, has offered rare and pointed clarity on what drives the XRP price value in the long term, despite the company’s recent spotlight on its new stablecoin, RLUSD. In a recent exchange with an XRP supporter on social media, Schwartz emphasized that the crypto continues to sit at the core of Ripple’s payment infrastructure, especially as the main bridge asset in cross-border transfers. XRP’s Role As A Bridge Asset Is Still Central While RLUSD plays a specific role, Schwartz reveals XRP’s utility in real financial use cases will ultimately boost its value. His comments reaffirm Ripple’s longstanding plan for the digital asset, relying on XRP for its proven liquidity and built-in role on the ledger as it explores other digital options. Related Reading: XRP Set To Explode? Analyst Sees $5 Surge Any Moment – Details In his response, Schwartz directly addressed growing speculation that the company may be shifting its attention away from XRP in favor of its new stablecoin, assuring that the digital asset remains Ripple’s cross-currency asset that allows for fast, low-cost currency exchanges. While Schwartz didn’t share exact data, he said he was confident that the token’s usage “dwarfs every other asset” in Ripple’s system. XRP links to how the XRP Ledger functions, so an increase in ledger activity is almost guaranteed to drive more demand for the crypto token, naturally lifting its price value as it becomes more essential in global financial workflows. Schwartz argued that as real-world adoption of the Ripple blockchain networks grows, so will demand for XRP. The embedded demand, as more businesses and developers build on XRPL, is what could be the core driver of XRP’s future price value. Ripple CTO: Stablecoins Support, XRP Sustains Some community members worried that Ripple’s new stablecoin RLUSD, launched in December 2024, could replace the crypto token, but Schwartz clarifies that the stablecoin and XRP serve different purposes. He said stablecoins like RLUSD are better suited for use cases that require a fixed value, such as when companies post collateral or need to enter and exit markets without dealing with large price swings. Related Reading: XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter Volatility in crypto markets can be disruptive in these scenarios, and stablecoins avoid that issue by holding a steady price. However, Schwartz believes that for most other applications, especially those related to real finance and long-term holdings, digital assets like XRP are still the better choice. He noted that, unless highly risk-averse, most long-term users would likely prefer holding the top digital asset over cash because of their potential for upside and active role in blockchain ecosystems. The Ripple exec added that as more institutions turn to XRPL for financial use cases, XRP’s role in facilitating quick currency movement becomes more vital, particularly in volatile markets where stablecoins may not be ideal.  Schwartz made a subtle but important distinction, saying XRP’s place on XRPL is privileged. With this, the crypto token is less likely to be replaced or worked around, providing a long-term advantage that many other tokens may not have. Featured image from Unsplash, chart from TradingView.com

The Ripple vs. SEC lawsuit appears to be nearing its final stages, but the path is not yet clear. Although Ripple officially withdrew its cross-appeal in June and fulfilled its $125 million penalty obligation, the SEC has yet to do the same.  This case has dwelled long in the minds of the members of the XRP community, and most recently, pro-XRP attorney Bill Morgan commented that while there is technically no hard deadline for the SEC to withdraw, a key date is now fast approaching. No Deadline, But the Clock Is Ticking According to pro-XRP lawyer Bill Morgan, August 15, 2025, serves as a procedural checkpoint for both Ripple and the SEC on their legal standoff. This is because they are required to submit a joint status report to the appellate court on that date, effectively making it the moment when the SEC will be expected to show its hand.  Related Reading: Ripple Vs. SEC Battle At An End? What An Appeal Dismissal In August Would Mean For XRP Although the regulatory agency is under no legal obligation to dismiss its appeal by then, the deadline is a trigger for action, or at the very least, a formal update. He wrote that “the SEC needs to report to the appeal court by 15 August 2025, which acts as a deadline… although it may just ask for more time.” This delay has left the XRP community in a holding pattern since October 2024, when the SEC filed a notice of appeal on Judge Torres’ ruling. The major consensus is that the SEC would follow Ripple’s lead of dropping its cross-appeal.  What Happens If The SEC Withdraws Or Doesn’t? The longer the SEC remains silent, the more uncertainty clouds the path forward, despite growing consensus that Judge Torres’s ruling in July 2023, which declared XRP not a security in secondary market trading to retailers, should now be finalized. The appeal has essentially allowed the case to drag on for two more years. Related Reading: Pro-Ripple Lawyer Reveals What The SEC Filing By Wellgistics Health Means For XRP If the SEC withdraws its appeal in the coming days, that action will cement the May 2023 ruling as final. This would not only end the multi-year legal battle but also unlock several long-awaited market developments.  As noted by crypto commentator Vincent Van Code, over 1,700 companies tied to Ripple through NDAs may finally reveal partnerships and projects built on the XRP Ledger. Furthermore, legal clarity would also pave the way for institutional-grade products like Spot XRP ETFs waiting for approval, which in turn would cause a rapid increase in the price of XRP. However, if the SEC requests more time on or around August 15, it could delay this next phase of XRP’s growth and continue to keep XRP’s regulatory status in limbo. Although such a move wouldn’t reverse any legal victories Ripple has secured, it would prolong the uncertainty that is restraining confidence among investors. Featured image from iStock, chart from Tradingview.com

XRP may be entering its most explosive phase in years, according to crypto analyst CryptoInsightUK, who on July 31 released a sweeping technical breakdown that suggests the token’s breakout from a six-year consolidation range could soon send prices to $15—and potentially beyond. “This is just the start,” he said, arguing that the recent monthly close confirms structural strength that has been building quietly over the last two market cycles. XRP Flashes Bullish Signal—Next Stop: $15? In a video analysis posted to YouTube, the analyst highlighted XRP’s rare technical alignment on the monthly chart, pointing to its sustained break above the 2018 all-time high and an upcoming potential for new highs. His base case targets a move to between $8.70 and $15 in the short-to-medium term, based on historical measured moves and momentum structure. “If we just did a measured move like the last move, it could take us as far out as $15,” he said. “I don’t think that’s unreasonable.” Related Reading: Analyst Says XRP Price Is Now In Wave 4 — What To Expect Supporting the bullish case is a technical signal many market watchers have overlooked: a return of XRP’s monthly Relative Strength Index (RSI) to the overbought zone, historically a precursor to parabolic rallies. In the 2017 cycle, a similar RSI pattern preceded a move of over 700%, and even a “conservative” repeat could lift XRP to well above $10, he explained. “If we make a higher high on the monthly RSI here, to me that doesn’t indicate the move is over,” he said, emphasizing that momentum indicators remain firmly in bullish territory. He also drew attention to XRP’s relative strength versus Bitcoin, calling its position on the XRP/BTC chart “such a crucial place.” After bouncing from key support levels, XRP/BTC is closing the month significantly higher than nearly all months in recent years. “We’re going to be closing above everything apart from the last couple of months,” he observed. “It’s strong. It’s showing strength.” Looking at XRP dominance—a measure of XRP’s market cap share relative to the rest of crypto—CryptoInsightUK noted the token is holding the midpoint of a range formed on top of what he calls the “sign of strength” phase. “We’ve created this range on top of Wyckoff accumulation… Things are looking good there too,” he said. He further analyzed XRP futures premiums, noting that the negative premium since July 24 resembles the setup before XRP’s last major rally from $0.50 to $2.60. “We actually went red for a bit and that was when we found our lows,” he said. “Then as we broke out of this zone, we went back to being green… and that coincided with the start of the rally.” Related Reading: XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter The chart structure, momentum indicators, and liquidity maps all point to a scenario where XRP could move sharply higher with relatively minor catalysts. The analyst emphasized that this does not necessarily mean a straight line up, but rather an aggressive trend formation after years of accumulation. “If you actually take a zoomed out perspective on the XRP chart, $15 doesn’t look ridiculous,” he said. “Yes, this is logarithmic, but it really doesn’t.” He also warned against dismissing high-end projections like $27 or even $50 out of hand, referencing past patterns in both price and RSI. “I’m not suggesting we do that in a month,” he said, “but I don’t think we should rule it out either.” At press time, XRP traded at $2.92. Featured image created with DALL.E, chart from TradingView.com

After rising to a new 7-year high off the back of strong buys, the XRP price has moved back downward in search of new support levels. This move has been spurred by the general bearish sentiment that has plagued the market as the Bitcoin price struggled to reclaim its all-time high levels, putting altcoins at risk once again. On its own, the XRP price is facing unique barriers, especially when it comes to buying, which could trigger another wave of decline. Directions The XRP Price Could Go Crypto analyst Thecafetrader has highlighted the possible directions that the XRP price could go in following its decline. These include both bullish and bearish directions, both being decided by buyers and how much weight they put behind their positions during this time. Related Reading: XRP Price To Climb 44% To $4.804 As Long As This Level Holds The first point that the analyst makes is the fact that the XRP price rally was driven by massive buyers. These buys had triggered a breakout above the 2024 highs, but met resistance from sellers once again. Thus, it suggests that bulls have been trapped at higher prices inside their positions. However, this is not the most concerning development. One thing that the analyst points out is the major decline in trading volume despite XRP hitting new highs this year. For example, back in 2024, when the XRP price had first crossed the $3 mark, the daily trading volume had peaked above $78 billion. But with the new highs above $3.6, the highest daily trading volume recorded was just above $41 billion. Given this, it suggests that there is a major decline in buying interest, especially as conviction has been impacted by the price decline. Interestingly, though, the buyers are not the only ones who seem to be abstaining from the XRP altcoin at this point. According to the analyst, there are no “real” sellers that are moving into the market. Therefore, there is still bullish momentum for a possible recovery back to $4.64. Related Reading: XRP, Dogecoin, And Shiba Inu Get Major Boost From Gemini Exchange Announcement Moving to the more bearish side, the analyst explains that the XRP price does need the strong buyers to step in to continue an uptrend. If these buyers fail to hold up, then the XRP price does risk crashing back downward from the initial $2.95 point of interest. The targets for such a decline are placed by the crypto analyst at $3.13 initially. However, the more the price struggles, the lower the targets go. Next is the $2.95 territory, then $2.15-$2.3, which the analyst calls a “good price” for entry. Then last but not least is the $1.60-$1.93 range, marked as a “steal.” Featured image from Dall.E, chart from TradingView.com

Crypto analyst Dark Defender has provided an update on his XRP price wave structure. He revealed that the altcoin is now in wave 4 and highlighted the targets and support levels that market participants should watch out for at the altcoin’s current price level.  Wave 4 For The XRP Price In Progress In an X post, Dark Defender stated that wave 4 is in progress for the XRP price. He added that the Relative Strength Index (RSI) also reflects the 4th wave consolidation. The analyst had also stated that the altcoin has completed Waves 1, 2, and 3. His accompanying chart showed that the altcoin could again retest the $3 support level as part of a corrective move to the downside.  Related Reading: XRP Won’t See Devastating Pullback Because ‘The Train Has Left The Station’ A successful hold above this support level, $3.07 specifically, is expected to trigger the next impulsive move to the upside for the XRP price. Dark Defender predicts that the altcoin could rally to as high as $5.8563 on this Wave 5 impulsive move. He added that the targets are $3.61, the current all-time high (ATH), and then $5.85, which would mark a new ATH for XRP.  Crypto analyst Javon Marks had also recently predicted that the XRP price could soon rally to a new ATH. He noted that the altcoin is holding well, far above the $2.47 support level, meaning that the next target is $4.804. The analyst added that a break above this $4.804 level could spark another rally to $7.138.  A rally to $7.138 will represent a surge of 128.78% from the current XRP price level. It is worth noting that the altcoin is already up over 35% year-to-date (YTD), rising to the third largest crypto by market cap in the process.  All Eyes On XRP’s Monthly Close In an X post, crypto analyst Egrag Crypto remarked that the focus is on the XRP price staying above $3.03 for the monthly close. He noted that a close above this level would mark the first-ever historical candle close above this level in XRP’s journey. As such, he declared that market participants could soon witness history in the making.  Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst If the XRP price achieves the monthly close above $3.03, Egrag Crypto stated that a rally to the Chasm at $8.9 is the minimum target for the altcoin in this market cycle. He also suggested that XRP could surpass this target and declared that this is where the “real fun” starts. His accompanying chart showed that a rally to as high as $32 was also on the cards.  At the time of writing, the XRP price is trading at around $3.14, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

The XRP price is gaining traction once again as bullish signals strengthen across the charts. Following a decisive move above a critical support level, the cryptocurrency is now positioned for a potential upward move. A new technical analysis suggests that XRP could climb over 44%, targeting $4.804 in the near term—but only if the support level remains intact.  XRP Price To Pump 44% If Support Holds Despite experiencing a pullback these past few days, the XRP price continues to show strong bullish momentum as it aims for new highs. In a recent analysis on X social media, crypto market expert Javon Marks forecasted that XRP may be on the brink of a significant price breakout. Related Reading: XRP Price Forms Double Top, This Structure Says A Crash Is Coming According to his price chart, the cryptocurrency is trading significantly above $2.47, a level that has been confirmed as a key support zone. Marks’ chart shows that this support level was previously a resistance and now serves as a foundation for the next potential leg higher.  The expert’s analysis indicates that as long as XRP continues to hold above the support level, the next upward target remains firmly set at $4.804. This level represents a 44% price increase from its current price of $3.12. Notably, the technical setup presented by the analyst includes a consistent trend of higher lows, reinforcing the potential for a larger breakout to unfold.  Mark’s chart also outlines an extended target beyond $4.804. If XRP manages to reach and break above this initial level, the analyst projects a potential surge toward $7.138, reflecting an impressive 128.7% increase from current prices. Notably, a possible move above $4 would already mark a new all-time high for the third-largest cryptocurrency—but breaking past $7 would represent a historic rally, indicating a strong continuation of the current bullish sequence.  XRP Teeters At $3 After Rejection From Resistance XRP is currently at a critical turning point as price action rejected sharply from the $3.66 resistance level, sliding nearly 11% to test the $3.00 support zone. Based on a technical analysis by crypto expert Gael Gallot, this rejection follows a breakout attempt from a long-form symmetrical triangle stretching back to February.  Related Reading: XRP Price Showing Quiet Strength As Next Breakout Level Lies At $4.65 XRP’s daily chart shows its price forming a large ascending triangle pattern, though the recent rejection at the top of the trendline hints at an incoming upward move. Notably, Gallot predicts that a confirmed breakout and retest above $3.3 could ignite the next leg up, with XRP possibly revisiting the $3.66 zone and beyond.  The analyst calls this phase a “Pullback or Setup,” highlighting a mix of signals, including a sharp 44% decline in active XRP wallets as whales accumulate over 280 million tokens even as Ripple co-founder Chris Larsen reportedly moved 50 million XRP. Short-term sentiment also appears mixed, with US traders staying cautious while Asian markets show signs of steady accumulation. Featured image from iStock, chart from Tradingview.com

After a relatively quiet week for altcoins, XRP, Dogecoin, and Shiba Inu received a fresh wave of attention thanks to a major update from Gemini. The US-based crypto exchange announced that it is now officially allowing these three tokens, as well as Bitcoin Cash and Solana, as cross-collateral assets for its derivatives platform.  Major Boost For XRP, Dogecoin, And Shiba Inu Gemini’s decision allows XRP, DOGE, and SHIB holders to use their tokens as collateral for GUSD-settled perpetual contracts, a feature that was previously limited to BTC, ETH, USDT, and Gemini stablecoin GUSD. All five newly supported tokens come with varying collateral “haircuts,” meaning only a portion of their value is counted toward margin requirements. XRP and Solana each have a 15% haircut, while Dogecoin and Shiba Inu face a more severe 30% haircut due to their higher volatility profiles. Related Reading: XRP Price Set To Teleport As Major Financial Players Tap In — Opportunity Window Closing Fast Gemini has made it easier for users to trade derivatives using a broader range of holdings by bringing these newer assets into the fold. This move not only deepens the utility of these cryptocurrencies but also opens up new use cases for traders who want to leverage their holdings in perpetual contracts without converting to stablecoins. It’s a particularly meaningful step for XRP, which has been working to strengthen its institutional appeal and global payments utility. The move is also beneficial for meme coins Dogecoin and Shiba Inu, which are seeing increasing demand outside of the meme coin niche. This expansion also shows a larger trend in crypto derivatives. Many crypto exchanges, especially those in the US, are increasingly opening their doors to altcoins. It is also a drastic turnaround from the state of the crypto market some years back.  For nearly three years, XRP was delisted or unavailable on most US-based trading platforms due to the legal battle between Ripple and the US Securities and Exchange Commission. It wasn’t until July 2023, following Judge Analisa Torres’s partial ruling that XRP was not a security when sold on exchanges, that the token began to make its return to major US platforms, including Gemini. Price Action Trending Downwards At the time of writing, XRP is trading around $3.13, a 1.4% decline from the previous day but still holding within its recent range between $3.06 and $3.18. Dogecoin is trading at $0.2226, with modest intraday movement after failing to sustain its push above $0.23. The king of meme coins is down by 3.2% and 14.2% in the past 24 hours and seven days, respectively.  Related Reading: Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit Predicts 2,600% Surge Shiba Inu, meanwhile, is trading at $0.000013, also down by about 4% in the past 24 hours and over 13% in the past seven days. Nonetheless, many analysts still maintain a bullish long-term outlook for these cryptocurrencies. Forecast models project that Dogecoin could climb to $1 in the current bull cycle, while SHIB is expected to reach at least $0.000045. XRP’s trajectory is even more ambitious among many crypto analysts, with price targets ranging from $9 to $10 if adoption momentum continues and pending US Spot ETF applications finally receive approval from the SEC. Featured image from iStock, chart from Tradingview.com

XRP is holding strong above the key $3 level, keeping its bullish breakout intact. With Wave 4 consolidation underway, a push into Wave 5 could propel the price toward $6 and beyond. Wave Structure Confirmed: XRP Completes Wave 3, Wave 4 Consolidation Underway In an X post, Dark Defender recalled an earlier post shared on July 6, where he outlined a weekly wave structure for XRP with an initial target of $3.61. Building on that analysis, he has now presented the daily chart of the same wave structure, offering a closer look at XRP’s ongoing price action within the broader Elliott Wave framework. Related Reading: Crypto Analyst Warns XRP Investors Amid Market Retrace According to Dark Defender, XRP has already completed Wave 1, Wave 2, and Wave 3 of the current cycle. The price is now in Wave 4, which appears to be a period of consolidation. This consolidation phase is also reflected in the Relative Strength Index (RSI), which signals that the market is taking a breather before the next potential leg higher. Looking ahead, Dark Defender projects the Wave 5 target to be approximately $5.8563, noting that this is not financial advice (NFA). He maintains his initial target of $3.61 while adding $5.85 as a potential high for this next impulsive move. These targets are based on the continuation of the current wave structure, assuming support levels hold. Key support for XRP is identified around $3.07. As long as XRP maintains this support and progresses through Wave 4, the bullish wave setup remains valid, with eyes firmly on a breakout toward the $5.85 mark. The Altcoin Eyes First Ever Monthly Close Above $3 Sonia S., in her latest post on X, pointed out that XRP is poised to achieve a historic milestone by closing the month above $3 for the first time ever. This potential monthly close marks a major bullish development and could signal the start of a new phase in XRP’s long-term price movement. Related Reading: XRP Won’t See Devastating Pullback Because ‘The Train Has Left The Station’ She identified a crucial breakout zone between $1.97 and $3.01, which XRP has successfully cleared. With this breakout confirmed, Sonia highlighted the next key psychological targets at $4.50 and $6.00+ levels that could attract significant attention from both traders and investors. As long as XRP maintains its position above $3 on the monthly chart, Sonia noted that price discovery becomes possible, given the lack of historical resistance beyond this level. However, Sonia also warned that if XRP fails to hold above $3 and closes back below this level, the breakout would be invalidated. Such a move could indicate a false breakout and potentially lead to a pullback, making the $3 level a crucial line for the bulls. Featured image from Getty Images, chart from Tradingview.com

On-chain data shows old XRP tokens have been moving back into circulation recently, a potential sign that long-term holders have been taking profits. XRP Mean Dollar Invested Age Has Seen A Drop Recently According to data from the on-chain analytics firm Santiment, the XRP network has seen signs of movement from veteran hands. Two key metrics highlight this trend: Mean Dollar Invested Age and Age Consumed. The first of these, the Mean Dollar Invested Age, keeps track of the average age (in days) of every dollar invested into the cryptocurrency. The ‘age’ of a coin or the USD value invested in it is tracked from the point of the coin’s last transaction. Related Reading: Ethereum Exchange Reserve Plummets: Over 1 Million ETH Withdrawn For example, if a coin remains dormant for 10 days, it accumulates 10 coin days. If the price at the time of its last movement was $2, then it’s carrying 20 coin-dollar days. The Mean Dollar Invested Age per dollar in this case is, therefore, 10 coin-dollar days. Now, what happens when a coin that has been dormant for some period is finally moved? Both the coin days and coin-dollar days associated to it reset back to zero. In other words, its age is ‘consumed.’ The second indicator of relevance here, the Age Consumed, keeps track of the coin days being destroyed in this manner across the network every day. Below is a chart that shows how the Mean Dollar Invested Age and Age Consumed have changed for XRP over the past year. As is visible in the graph, the XRP Mean Dollar Invested Age has witnessed a decline during the last few weeks, indicating that the average dollar invested into the asset is becoming younger. The indicator’s value has now come down to 593 days, which is 91 days lower compared to one month ago. The Age Consumed has seen some notable spikes alongside this decline, which means that long-term holders have been making moves. The long-term holders refer to the HODLers of the market, who hold for long periods with strong conviction and, in the process, amass a large number of coin days. When these diamond hands finally make moves, the Age Consumed tends to register spikes as large-scale coin days destruction accompanies them. From the chart, it’s apparent that most of the recent large spikes came just as XRP hit its price top. This could be a potential sign that the long-term holders were cashing in on the rally. Related Reading: Bitcoin Remains Flat—And The SSR Ratio Might Explain Why Since then, the cryptocurrency has plunged. It now remains to be seen whether the Age Consumed would continue to spike in the near future or if the HODLers are done for now. XRP Price At the time of writing, XRP is trading around $3.15, down more than 10% in the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com