XRP Eyes $10 as New ETF Launch Drives $37M Market Surge

XRP

Getting your Trinity Audio player ready...
  • XRP corrected 5% but bullish momentum remains strong.
  • Rex-Osprey XRP ETF generated $37M on debut, surprising analysts.
  • On-chain accumulation and regulatory clarity could push XRP toward $10+.

Stay ahead with real-time updates and insights—Join our Telegram channel!

Ripple’s XRP continues to capture investor attention, even amid a brief market pullback. The cryptocurrency has seen a 5% correction over the past week, but analysts remain bullish, projecting significant upside potential fueled by strong on-chain activity and the debut of the Rex-Osprey XRP ETF (XRPR).

XRP Price Rally Remains on Track

Despite subdued crypto market activity following the U.S. Federal Reserve’s interest rate cuts, XRP has been holding the $3.00 level as investors cautiously wait for momentum. Crypto analyst Javon Marks highlighted the altcoin’s potential to surge more than 226%, possibly reaching $9.90. He added that a breakout beyond this level could even push the coin toward $20, underlining the coin’s long-term growth prospects.

On-chain data supports this bullish outlook. Analyst Tom Tucker pointed out that XRP’s structure remains strong, with sustained accumulation since August 22. Heavy buying in the $2.70–$3.00 range has absorbed prior selling pressure, positioning the coin for a potential move to $5.00–$5.50 in Q4.

XRP ETF Sparks Investor Interest

The recent launch of the Rex-Osprey XRP ETF has further energized the market. The fund recorded over $37 million in trading volume on its first day, including $24 million within the first 90 minutes—a remarkable performance that exceeded expectations for new ETFs. Bloomberg analyst Eric Balchunas described the debut as “impressive,” noting that most new ETFs rarely surpass $1 million on day one.

Also Read: XRP Price Fractal Hints at 130% Surge — Could It Hit $7 by November?

Regulatory developments have also strengthened market confidence. The U.S. Securities and Exchange Commission (SEC) approved generic listing standards for crypto ETFs this week, paving the way for a potential spot XRP ETF. Ripple CTO Stuart Alderoty emphasized that the new standards enhance transparency and mainstream adoption, reassuring U.S. investors and boosting confidence in the asset class.

While XRP has experienced short-term selling pressure, the combination of on-chain accumulation, bullish analyst projections, and ETF-driven market enthusiasm suggests the cryptocurrency is well-positioned for significant gains. With regulatory clarity and investor interest rising, the coin could see major upward momentum in the coming months.

Stay ahead with real-time updates and insights—Join our Telegram channel!

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.