On-chain data shows $1.54 billion worth of XRP added by large wallets, signaling long-term conviction.
SEC rulings on seven XRP ETF applications starting October 18 fuel optimism, with approval odds at 99%.
XRP must clear $3.20-$3.30 for a rally toward $5, with $10-$12.50 possible by 2027 on institutional flows.
Ripple’s native token, XRP, has been making headlines again as it is trading above $3. Riding on the momentum of a broader crypto market and increasing institutional participation, investors are now questioning whether the third-largest cryptocurrency by market cap can surge to $10.
XRP has been consolidating between $2.60 and $3.20 after bouncing back from its July peak at $3.66.
On-chain data confirms strong accumulation. Large wallets holding between 100 million and 1 billion XRP have bought more than half a billion tokens valued at about $1.54 billion over the past few days. This surge has pushed whale balances near record highs, highlighting conviction in XRP’s long-term trajectory.
At the same time, retail investors have been increasing their positions, leading to an uncommon alignment across the market as both whales and smaller traders bet on a breakout above $3.10.
A key driver for XRP is the impending decisions regarding spot exchange-traded funds (ETFs). The US SEC is set to issue its first ruling on October 18, with six more applications awaiting verdicts in the following week.
New regulatory frameworks, including Generic Listing Standards, have provided optimism to ETF holders, suggesting a similar approval path that Bitcoin ETFs experienced.
On Polymarkets, the chances of an XRP ETF approval are 99%, resulting in additional speculative flows in advance of the actual ruling.
Building momentum behind XRP's narrative is institutional adoption. VivoPower, an energy solutions firm, raised $19 million in equity at $6.05 per share to strengthen its XRP-focused digital treasury.
This indicates that companies beyond traditional finance are starting to view XRP as a long-term reserve asset.
Japan’s Gumi added more than $13 million to its holdings.
In Japan, SBI Holdings expanded XRP lending services for institutions, boosting Asian liquidity. Meanwhile, Ripple funded a $1.3 million donation in stablecoins to UC Berkeley’s Center for Digital Assets, which will drive blockchain and tokenization research.
XRP is consolidating near $3, testing the descending trendline from July highs. A breakout above $3.20-$3.30 could trigger a rally toward $3.66 (ATH).
Strong demand between $2.70-$2.85, with the 50/100-day EMAs ($2.93/$2.84) providing a safety net. The 200-day EMA confirms a long-term uptrend.
RSI at 46-57 signals improving strength without being overbought, leaving room for further upside.
Clearing $5 opens the way toward $7.50-$8.00, while long-term Fibonacci projections and institutional flows support a potential move to $10-$12.50 by 2027.
Failure to break $3.20 could send XRP back to $2.70. Macro pullbacks or profit-taking at $3.50 or $5.00 may delay the climb.
Importantly, XRP has shown explosive moves in prior cycles. In 2017-2018, it surged from $0.20 to $3.66, a 15x rally. Even a modest repeat of this performance could push XRP comfortably into the $10-$12 zone in this bull cycle.
Also Read: Bitcoin Price Nears $120,040 as ETF Inflows Boost Market Momentum
The key question is whether XRP can reach double digits in the coming years. Analysts outline three scenarios:
Conservative ($2.20-$3.50): Limited upside if macro conditions weaken and adoption slows.
Base case ($3-$5): Regulatory clarity and ODL expansion could lift XRP toward $5.
Bullish ($5-$10+): Institutional adoption, XRPL DeFi growth, and a potential ETF could drive XRP to $10, with Standard Chartered even projecting $12.50 by 2028.
With the US GENIUS Act establishing clearer regulations for crypto assets and rumors of an XRP ETF circulating, analysts believe that reaching $10 by 2027 is within the realm of possibility.
Recently, XRP was recognized by the European Union as the basis for its euro-backed stablecoin, therefore bringing Ripple into the world of regulated payments, integrating Ripple into regulated payment systems. Settlement finality in seconds and near-zero fees make XRP a practical choice for cross-border transactions.
Additionally, the debut of the first US-based XRP ETF on the CBOE generated $37.7 million in day-one trading volume, indicating strong investor interest.
This aligns with surging open interest (OI) in XRP derivatives, averaging $7 billion, a clear signal of rising institutional interest.
Also Read: Will XRP Soar? Potential Gains from October’s ETF Approval
Despite optimism, XRP's journey to $10 faces challenges. Previous XRP price history has been one of consolidation following sharp rallies, putting investors' patience to the test. Also, profit-taking near $3.18 could create some near-term headwinds.
Broader macroeconomic factors, such as delays in Fed interest rate cuts or weakness in altcoin demand, could also stall progress.
XRP’s consolidation could set the stage for its next rally, with $10 seen as a realistic long-term target by 2027. A breakout above $3.20 is the first hurdle, followed by momentum toward $5 before double-digit levels. Ripple’s payment integrations, VivoPower’s XRP treasury, and looming ETF approvals make it one of the cycle’s most-watched altcoins.
1. Why is XRP gaining momentum now?
XRP price is supported by XRP whale accumulation, ETF approval speculation, and favorable regulatory clarity.
2. How much XRP have whales accumulated recently?
Large wallets added over $1.54 billion worth of XRP, pushing balances near record highs.
3. What role do ETFs play in XRP’s growth?
Seven ETF applications await SEC rulings, with approval odds above 99%, potentially unlocking massive institutional inflows.
4. What is the technical outlook for XRP?
XRP is consolidating near $3. A breakout above $3.30 could open the path toward $5, with $10 feasible by 2027.
5. Can XRP really reach $10?
Yes, under a bullish case. Institutional adoption, ETF approvals, and XRPL DeFi growth could push XRP toward $10-$12.50 in the next cycle.