The XRP community’s attention has been drawn to a $600 million transfer, which has sparked speculation about its potential impact on the altcoin’s price. The transfer notably originated from a Ripple wallet address, further fueling speculations that the crypto firm is dumping on retail investors. $600 Million in XRP Tokens Moved by Ripple Spark Speculation Whale Alert data shows that Ripple moved 200 million XRP ($610 million) from one of its wallets, sparking speculation that the crypto firm was looking to offload these coins. Moreover, the transfer comes as XRP struggles to hold above the psychological $3 level, suggesting that the altcoin may be facing significant selling pressure. Related Reading: Analyst Says XRP Price Target Of $27 Still Holds – ‘The Ride Has Just Begun’ However, further on-chain data shows that Ripple simply moved these XRP tokens to another of its wallet addresses, suggesting that this was a routine operation rather than a move to offload these coins. An X user, XRP Liquidity, also clarified that the transfer was made from the ‘Ripple 1’ address to ‘Ripple 50’, which the account stated is “queuing for ODL, ETPs, Trust, and other Investments.” Another X user, Marc, also noted that the Ripple 50 wallet primarily interacts with the Binance 11 wallet and holds tokenized treasuries, including Ondo Finance’s tokenized treasury fund (OUSG). The crypto firm mainly utilizes its XRP holdings to support its On-Demand Liquidity (ODL) service, facilitating cross-border transfers through its payment services. However, this latest transfer comes at a time when there is so much bearish sentiment among XRP community members. Popular community members, such as Crypto Bitlord, have consistently criticized Ripple and recently advised XRP holders to sell their tokens following Ripple’s CTO, David Schwartz’s, announcement that he was resigning. Amid XRP’s struggles, the altcoin has now dropped in the crypto rankings by market cap, losing the number 3 spot to BNB. A ‘Promising Buy Signal’ For XRP On-chain analytics platform Santiment has described the current FUD in the XRP community as a promising buy signal for the altcoin. The platform stated that the altcoin is seeing its highest level of retail FUD since the Trump tariffs were announced 6 months ago. According to Santiment, there have been more bearish comments than bullish for two out of the past three days. The platform claimed that this development is generally a promising buy signal, as markets move in the opposite direction of small trader expectations. As such, XRP could witness a significant price surge amid these bearish sentiments. The XRP ETFs could serve as one of the catalysts for this potential price surge, although a SEC decision is on hold until the U.S. government shutdown ends. Related Reading: XRP Short Squeeze: Analyst Reveals Available Trading Supply Could Fall To Bitcoin’s 21 Million At the time of writing, the XRP price is trading $2.84, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Demand for XRP on the CME derivatives exchange continues to rise, providing a bullish outlook for the altcoin. This comes ahead of the potential approval of the XRP ETFs, which could further spark institutional demand for XRP. CME XRP Futures Hit New Milestone In an X post, the CME group announced that it has hit its four-month milestone for XRP futures, with a notional trading volume of $18.3 billion, 6 billion XRP traded, and 397,000 contracts traded. This again highlights the demand for the altcoin, with the derivatives exchange previously stating that the altcoin’s futures products have shown demand from both institutional and retail participants. Related Reading: Institutional Investors Are Heavily Accumulating XRP And Solana – Here Are The Numbers Notably, the CME XRP futures crossed $1 billion in open interest (OI) last month, with the altcoin becoming the fastest-ever contract to do so, having hit the mark in just three months. Amid the demand for the altcoin on the derivatives exchange, CME has announced plans to launch options trading on the XRP futures on October 13. This is expected to further boost the demand on the CME exchange, which is a positive for the altcoin. This new milestone for XRP futures comes just ahead of the potential launch of XRP ETFs under the 33 Act, which will also elevate institutional interest in the altcoin. Fund issuers are expected to file amendments for their respective funds as soon as the end of this week. This comes amid the SEC’s approval of the generic listing standards, which could enable these XRP ETFs to launch earlier. If that doesn’t happen, the focus will shift to Grayscale’s October 18 deadline, which is the first final deadline among all seven XRP filings. The commission could approve these funds simultaneously, just as it did with the Bitcoin and Ethereum ETFs. Massive Demand Expected For The ETFs It is worth mentioning that market expert Nate Geraci had previously alluded to the success of the CME XRP futures as one of the reasons he believes people are underestimating the demand the spot XRP ETFs may record. He also noted at the time that there was already over $800 million in futures-based XRP ETFs. Related Reading: XRP Goes Head-To-Head With Bitcoin In This Metric As South Korean Market Wakes Up In another X post, Geraci doubled down on his statement that people are “severely” underestimating the investor demand for the spot XRP ETFs. He noted how a similar thing happened with the spot Bitcoin and Ethereum ETFs, which have so far exceeded expectations. Canary Capital CEO Steven McClurg also has high expectations for the XRP ETFs, predicting that they could record up to $5 billion in inflows in their first month. He also believes that they could outperform the Ethereum ETFs in the process. At the time of writing, the altcoin price is trading at around $2.75, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Crypto pundit and legal expert Bill Morgan has humorously predicted that the XRP price will drop below $3. He ironically alluded to a series of bullish developments as what would contribute to the price crash. XRP Price To Crash Below $3 Amid Bullish Developments In an X post, Morgan predicted that the XRP price would drop $3 as he joked about how the altcoin keeps dropping despite bullish developments. This came as he highlighted Ripple’s partnership with DBS and Franklin Templeton to provide a trading and lending solution, powered by tokenized money market funds on the XRP Ledger and in stablecoins such as RLUSD. Related Reading: 8-Year Accumulation Phase Could Catapult XRP Price To $6 Prior to his prediction, the legal expert had also highlighted how the XRP price was down despite “all the good news,” which included the launch of the REX-Osprey XRP ETF. The ETF became the first U.S. fund to offer investors spot exposure to XRP. Morgan also alluded to the CME Group’s announcement of plans to launch options on XRP futures on October 13. Meanwhile, the Federal Reserve lowered interest rates for the first time this year, a development that was expected to be bullish for the XRP price. However, despite these developments, the crypto pundit noted that the XRP price was still down. He stated that it felt like “Déjà vu,” pointing to the period between 2018 and October 2024. Meanwhile, in another X post, the crypto pundit joked that he was afraid to post more good news over fear that the XRP price may keep declining. This came in reference to Coinbase’s announcement that in just one month, the Solana and XRP Perpetual-Style Futures have scaled exponentially. The crypto exchange announced that these futures have generated over $1.9 billion in notional volume, with more than 1.6 million contracts having been traded. “No Mystery” In Why XRP Is Down Bill Morgan eventually admitted that there is no mystery in why the XRP price is actually, noting that it was because of the Bitcoin price rather than all the “good news” he had earlier alluded to. He further remarked that this overwhelming reality and the most significant factor in the XRP price movement, which is heavily correlated with the BTC price dynamics. The legal expert added that this is consistent with Ripple’s expert evidence in the SEC vs. Ripple lawsuit. Related Reading: Analyst Sounds Major XRP Warning: Last Chance To Get In As Accumulation Balloons Crypto analyst CasiTrades also noted that the XRP price is taking a hit alongside Bitcoin and that because the altcoin failed to make a new local high, the door is open for a deeper correction. She stated that the altcoin could drop to between $2.92 and $2.94 as this aligns with both the .618 retracement and the measured C-wave extension. At the time of writing, the XRP price is trading at around $3, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Crypto analyst Whale Guru has outlined his targets for altcoins on their next massive pump to the upside. He predicted that the Ethereum price would reach as high as $25,000 and expects the XRP price to reach triple digits. XRP Price To Reach $300 As Ethereum Rallies To $25,000 In an X post, Whale Guru predicted that the XRP price would reach $300 as Ethereum rallies to $25,000. He highlighted these price levels as his targets for the next pump to the upside. Meanwhile, the analyst also predicted that SOL would reach $2,000, DOGE would reach $5, SUI would reach $10, HYPE would reach $400, WLFI, and PENGU would both reach $10. Related Reading: XRP Price Confirms Descending Trendline Breakout, Here Are The Targets However, Whale Guru didn’t provide any basis for these ambitious targets for Ethereum, XRP, and the other crypto assets he mentioned. Notably, a rally to $300 for the XRP price represents a 100x increase from its current price. This is one of the largest gains among all the cryptocurrencies, the analyst mentioned. There are several factors that members of the XRP community have alluded to, which could spark massive gains for the XRP price, although the $300 target remains far off. One of these factors includes the imminent launch of the XRP ETFs. Community member Finance Bull recently highlighted the ETFs as what could be the next institutional catalyst for XRP. The ETFs are expected to have a similar impact to the one the Bitcoin and Ethereum ETFs had on BTC and ETH, respectively. Notably, Canary Capital CEO Steven McClurg has predicted that the XRP ETFs could record up to $5 billion in inflows in their first month of trading, which is bullish for the XRP price. He also believes that the XRP ETFs could outperform the Ethereum ETFs. XRP Targets $4.50 As Momentum Builds Crypto analyst CasiTrades has provided a more conservative target for the XRP price, stating that it is targeting $4.50 as the consolidation period ends and momentum builds. In an X post, she revealed that the altcoin has broken out of its months-long consolidation and that confirmation of the breakout is occurring with the test of the $3 level now in play. Related Reading: XRP RSI Remains Bullish As Support Levels Hold, Price Eyes Break Above $3.6 CasiTrades stated that the next areas to watch are $3.08 and $3.27 when the XRP price clears $3. She indicated that the key is for major Fibonacci levels to turn into support, so a breakout to either of those prices will set up a clean backtest to the key Fib levels. These key levels are the .382 support at $3 and the .236 resistance at $3.25. She added that the Fibonacci extensions point toward the $4.50 zone as a breakout target. At the time of writing, the XRP price is trading at around $3, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
After nearly eight years of being trapped under a long-term resistance line, XRP is set to make headlines again as it inches closer to a historic breakout against Bitcoin (BTC). With XRP Spot ETF approvals still pending, this breakout could signal the start of a significant shift in momentum and price trajectory. XRP To Break Major Resistance Against Bitcoin The XRP/BTC trading pair is rapidly approaching a critical technical breakout that could reshape its long-term value outlook. Crypto market expert Gordon noted in his chart analysis on X social media that XRP/BTC is close to breaching an 8-year descending resistance line—a move that could spark a major structural change in the market. Related Reading: XRP Open Interest Explodes To January ATH Levels, Will Price Follow Above $3? A breakout from this resistance could not only signal the end of nearly a decade of underperformance against Bitcoin but also serve as a potential precursor to a broader revaluation of XRP. Gordon’s biweekly chart illustrates XRP’s historical struggle to gain ground against Bitcoin, with repeated rejections from a strong descending line that has acted as a barrier since 2017. However, after experiencing long years of consolidation and accumulation, XRP/BTC now appears to be forming a large Symmetrical Triangle, with the current price hovering just below the upper boundary of the formation. Based on Gordon’s analysis, this technical compression suggests an imminent breakout, especially as price action builds momentum. What makes this potential breakout even more intriguing is that XRP’s rising value and current momentum have occurred without any significant bullish catalysts. The upward movement in XRP/BTC comes even before any official news concerning a potential XRP Spot ETF approval. The anticipation surrounding this ETF is already palpable, and a favorable decision could act as a powerful catalyst for continued upside. This scenario aligns with Gordon’s assessment that a breakout from the 8-year trendline could be a gateway to a generational wealth opportunity. 2025 XRP Spot ETF Approval Odds Hit 95% According to new data shared by market expert Steph is Crypto, XRP has emerged as one of the front-runners in the race for Spot ETF approval in the United States (US). The analyst has stated that the probability of an XRP ETF approval by the US SEC in 2025 has increased to a whopping 95%. Related Reading: XRP Wave 3 Could Repeat 600% Surge From Nov 2025, Target Set For $15 XRP currently shares the highest projected odds of approval alongside Litecoin and Solana, signaling a major shift in sentiment toward altcoin-based ETFs. Already, a growing number of institutional asset managers are investing in this ETF, including Grayscale, Bitwise, 21Shares, WisdomTree, Canary, and others. Just a few days ago, reports also revealed that the SEC has officially approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF, which will include assets such as XRP, BTC, ETH, and others. Featured image from Getty Images, chart from Tradingview.com