The XRP price was positioned for a strong advance after months of consolidation, according to technical analyst Egrag Crypto.
The analyst said XRP had repeated its 2017–2018 fractal structure and could enter the “euphoric phase” of the ongoing 2025 bull market.
XRP held above key moving averages and showed improving momentum as institutional interest increased. Could the setup pave the way for a move toward $10?
XRP Price Showed Technical Breakout Signals
Egrag Crypto said the XRP price followed the same macro pattern seen before its 2017 rally. The XRP price had traded sideways since early 2025 but held firm above long-term support zones.
He projected a potential target near $10, citing the historical fractal and XRP’s resilience during consolidation.
On the daily chart, XRP broke out from a descending triangle pattern. This structure often signals a reversal after extended consolidation.
The breakout followed a broader recovery across large-cap tokens led by Bitcoin (BTC). At the time of writing, XRP maintained support above key trend levels and was preparing for its next move upward.
Momentum indicators confirmed the shift. The MACD (Moving Average Convergence Divergence) line crossed above the Signal and Zero lines, reflecting growing buyer strength.
This indicator tracks the difference between short- and long-term moving averages to identify momentum changes. The appearance of positive histograms reinforced the view that bulls regained control.
XRP’s fully diluted valuation hovered near $300 Billion at press time, placing it among the largest digital assets by market capitalization.
Analysts said that maintaining this level could attract additional institutional flows if broader market strength persisted.
Legal Clarity and Regulations Supported the Outlook
Ripple’s recent legal progress added another pillar to the bullish case. The withdrawal of the SEC lawsuit against Ripple ended a multi-year legal overhang that had constrained investor confidence.
Analysts said this event helped remove uncertainty about XRP’s regulatory classification in the United States.
The market also tracked pending legislation that could further define the legal status of digital assets. The CLARITY Act, awaiting Senate approval, aimed to establish clearer guidelines for token oversight.
Combined with President Donald Trump’s GENIUS Act, which sought to streamline crypto regulation, these developments signaled a more supportive environment for Ripple and its ecosystem.
Ripple’s network, known as the XRPL, continued to expand into decentralized finance (DeFi). Developers were building applications focused on liquidity, remittance, and tokenization.
The alignment of legal certainty with network growth created a more stable base for XRP’s long-term integration into financial systems.
Whale Accumulation and ETF Filings Increased Optimism for XRP Price
On-chain data from Santiment showed that large XRP holders accumulated significant amounts of tokens. Wallets holding between 100 Million and 1 Billion XRP added more than 250 Million tokens in one week.
Their total holdings rose to about 9.2 Billion XRP, suggesting renewed confidence from long-term investors. Analysts said such behavior often preceded strong rallies during past cycles.
Meanwhile, speculation around spot XRP exchange-traded funds (ETFs) increased.
Several asset managers, including Grayscale, 21Shares, Bitwise, CoinShares, Canary Capital, and WisdomTree, filed applications to launch XRP-based ETFs in the United States.
Approval of these products could introduce new sources of liquidity and institutional exposure. The SEC was expected to review the filings after the U.S. government shutdown concluded.
Market observers noted that the agency had already approved general listing standards for crypto ETFs, which might accelerate the process.
ETFs allow investors to gain exposure to XRP without directly holding the token. This structure had previously fueled inflows into Bitcoin and Ethereum (ETH) funds, which reached record levels earlier in 2025.
A similar mechanism for XRP could broaden participation and reduce friction for large-scale investors.
Outlook: What Could Drive the Next Phase
At the time of writing, technical patterns, legal milestones, and investor behavior pointed toward a stronger setup for XRP.
The alignment between fractal analysis, whale accumulation, and legislative progress formed a narrative of resilience.
Analysts said the XRP price would likely depend on whether momentum indicators held their current strength and if ETF approvals materialized.
Sustained on-chain accumulation and increased liquidity through institutional products could provide catalysts for a broader advance.
If historical parallels from the 2017 cycle continued to unfold, XRP might transition from its prolonged consolidation into a sharp expansion phase.
The combination of regulatory clarity, improving sentiment, and structural support created conditions for potential growth in the coming months.
Source: https://www.thecoinrepublic.com/2025/10/05/can-xrp-price-hit-10-amid-etf-hype-legal-clarity/