- XRP forms a rounded bottom pattern with Fibonacci target set at $9.90 and possible move beyond $20.
- Institutional demand rises as Osprey REX XRP ETF records $37.7M debut and inflows surge 762%.
- Ripple expands growth with partnerships and spot ETF approvals anticipated from major U.S. issuers.
XRP looks to be preparing here for another +226% surge to $9.90 and a break above could send it toward $20 and higher. Market activity has remained steady near the $3.00 mark, with institutional interest gaining strength after the launch of new exchange-traded products.
Price Patterns and Key Levels
According to analysis prepared by Javon Marks, XRP has maintained a rounded bottom pattern that has historically led to large price movements. The current price action shows consolidation above $2.80, with Fibonacci extension levels pointing to $9.90 as a key target. A confirmed break could allow movement toward $20.
The chart structure reflects earlier surges seen in 2017 and during 2019–2020. These periods began with accumulation phases and were followed by strong rallies into higher resistance levels. The latest projection places resistance near $8.50, $28.87, and $127.01, while the long-term trendline remains intact.
On-chain observations from Tom Tucker note heavy positioning between $2.70 and $3.00 since late August. This follows earlier profit-taking in July, suggesting selling pressure has been absorbed. He added that a move toward $5.00–$5.50 in the fourth quarter remains possible if current structures hold.
Institutional Momentum and ETF Launch
Institutional adoption has added a new dimension to XRP’s outlook. Trading for the Osprey REX XRP ETF (XRPR) opened this week on the CBOE exchange. The ETF debuted at $25.80 per share, attracting $24 million in volume within 90 minutes of launch. By market close, trading had reached $37.7 million.
According to market data, XRP exchange inflows rose 762% on the ETF’s first day, jumping from 1.34 million to 11.57 million. Analysts view this activity as strategic repositioning by larger holders ahead of expected volatility. Ripple CEO Brad Garlinghouse said that XRP is “poised to be part of the U.S. government’s digital asset stockpile” and confirmed expectations of an ETF approval before year-end.
Further developments include partnerships with Franklin Templeton and DBS to explore tokenized collateral solutions. U.S. investors also anticipate new spot ETF approvals from Franklin Templeton, Bitwise, 21Shares, and Grayscale later this year.
