XRP Price Forecast: $1.7M Cold Wallet Move Fuels $5 ETF Breakout Hopes
XRP is back in the spotlight following a decisive end to its long-running legal battle. With the U.S. Securities and Exchange Commission...
Quick overview
- XRP has gained regulatory clarity following the SEC's decision to drop its case against Ripple Labs, allowing for potential institutional investment.
- Whale wallets are accumulating XRP, indicating long-term interest and tightening liquidity in the market.
- The formation of a golden cross and a tightening price range suggest a bullish outlook, with analysts predicting significant price targets if XRP breaks above $2.30.
- The potential approval of a spot XRP ETF could further enhance demand and lead to substantial price increases, with targets ranging from $5 to $10.
XRP is back in the spotlight following a decisive end to its long-running legal battle. With the U.S. Securities and Exchange Commission (SEC) officially giving up its case vs. Ripple Labs, XRP now stands on firmer regulatory ground. Ripple CEO Brad Garlinghouse called the resolution “a clean break,” signaling the company’s readiness to accelerate expansion without legal baggage.
This development removes a major barrier for institutions that previously stayed away due to compliance risks. With legal uncertainty out of the way, speculation around a spot XRP ETF has gained serious traction. Forecasting models place the odds of approval at 78% by Q4 2025—and if Bitcoin’s ETF rollout is any guide, XRP could see a similar wave of inflows and price revaluation.
[[XPP/USD-graph]]
Whale Wallets Accumulate as XRP Tightens Range
On-chain data reveals a growing long-term interest in XRP. Over $1.7 million in XRP was recently moved from Binance to cold wallets, signaling accumulation rather than short-term speculation. This kind of supply shift can tighten exchange liquidity and amplify upside during a breakout.
Technically, XRP has been respecting an ascending trendline since June 23, with buyers defending support at $2.14. The formation of a golden cross—where the 50-EMA moves above the 200-EMA, adds to the bullish case. Price action is coiling between $2.14 and $2.32, supported by small-bodied candles with long wicks, indicating persistent buying on dips.
Key Resistance Levels: $2.23 → $2.27 → $2.60
Key Support Levels: $2.14 → $2.08 → $1.99
Trade Scenarios:
- Bullish Setup: Buy above $2.20 | Stop: $2.14 | Targets: $2.23, $2.27
- Bearish Setup: Sell below $2.14 | Stop: $2.20 | Targets: $2.08, $1.99
$5 in Sight? ETF Buzz and Demand Growth Set the Stage
The potential for an XRP spot ETF is more than just hype. If approved, it would open the door to regulated capital, just as spot ETFs did for Bitcoin. XRP’s popularity in regions like South Korea, where trading volumes consistently rank among the highest globally, adds to the narrative.
Technically, Bollinger Bands are tightening and a symmetrical triangle is forming, classic signs of an impending breakout. If XRP clears and holds above $2.30, analysts see $3 as the next milestone, with extended targets between $5 and $10 under bullish macro conditions.
As crypto regulation evolves and investor confidence returns, XRP is positioning itself as a top contender for the next major leg up. Legal resolution, ETF optimism, strong whale activity, and a tightening chart structure all point to one thing: XRP’s next move may not be small.
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