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XRP Price Rally to $10 Remains Intact on Strong XRP ETF Debut

7 hours ago
Bitcoin Ethereum News

Key Notes

  • On-chain data shows sustained accumulation, reinforcing expectations of an XRP price move toward $5–$5.50 in Q4.
  • The Rex-Osprey XRP ETF (XRPR) launched with strong demand, generating $37 million in first-day trading volume.
  • The SEC’s approval of new listing standards for crypto ETFs has strengthened market confidence, driving XRP price higher.

Ripple’s native cryptocurrency XRP has been under selling pressure, correcting 5% over the past week. However, crypto market analysts continue to stay bullish with expectations of a rally to $10 and beyond. The successful debut of Rex-Osprey XRP ETF (XRPR) has further boosted market sentiment.

XRP Price Rally to $10 Remains Intact

Despite the US Federal Reserve announcing interest rate cuts earlier this week, the crypto market activity has remained subdued. XRP price has flirted with $3,0 for a while as investors wait on the sidelines for an upside rally.


Despite the current selling pressure, crypto market analyst Javon Marks believes that the Ripple cryptocurrency is poised for a rally to $10. Sharing the XRP price chart, Marks noted that the altcoin could rally more than 226% toward the $9.90 level. Marks added that a breakout above this threshold could potentially drive XRP toward $20 and beyond.

On the other hand, on-chain data indicate that the XRP price will continue to gain strength, moving forward. Crypto analyst Tom Tucker stated that XRP’s bullish structure remains intact, citing on-chain data showing sustained accumulation since August 22.

According to Tucker, heavy positioning has taken place in the $2.70–$3.00 range following profit-taking in July. He added that new players buying on dips have so far managed to absorb the selling pressure. Tucker noted that XRP could be positioned for a potential move toward the $5.00–$5.50 range in Q4.

XRP ETF Launch Creates Market Buzz

Rex-Osprey launched the XRP ETF (XRPR) earlier this week, driving more than $37 million in trading volume on the debut day. Within just 90 minutes of launch, the fund recorded $24 million in trades, surprising even seasoned analysts.

Bloomberg’s Eric Balchunas described the performance as “remarkable,” noting that most new ETFs typically struggle to exceed $1 million in first-day trading volume.

Furthermore, with the U.S. Securities and Exchange Commission (SEC) approving the generic listing standards for crypto ETFs this week, the chances for the arrival of a spot XRP ETF, with complete exposure to the Ripple cryptocurrency, have surged further.

Ripple Chief Technology Officer Stuart Alderoty stated that new listing standards for crypto ETFs represent a significant step in bringing the asset class further into mainstream markets. He added that regulatory clarity not only strengthens policy but also builds confidence among U.S. investors.

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Cryptocurrency News, News, XRP News

Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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Source: https://www.coinspeaker.com/xrp-price-rally-to-10-remains-intact-on-strong-xrp-etf-debut/