XRP, one of the most actively traded cryptocurrencies, has made headlines recently by recording strong gains. With its price climbing to $3.17, representing a 5% daily surge, and trading volumes exceeding $6.44 billion, crypto enthusiasts are closely monitoring its next moves.
XRP Breaks an 8-Year Consolidation Phase
Crypto analyst Dark Defender recently highlighted that XRP has broken free from an 8-year consolidation phase. This historic breakout mirrors the patterns observed in 2017, when XRP experienced explosive growth after breaking out of a 4-year pattern. However, the current setup signals the potential for even greater rallies.
According to Dark Defender, XRP’s price action has formed a massive ‘cup’ pattern over nearly a decade. The price has already pierced the top resistance of this formation, and the retest of this breakout level has held firm, indicating a strong foundation for future growth.
Ambitious Price Targets
Dark Defender’s analysis suggests that XRP could see significant price milestones in the coming months and years. Short-term, the token might reach approximately $5.85. In the long term, levels such as $18.22 and even $36.76 have been identified as possibilities.
These predictions align with XRP’s historical trends, where previous rallies exceeded expectations post-breakout. Backed by strong technical indicators and growing interest from institutional investors, the upward trajectory seems plausible.
Institutional Investments and the Role of ETFs
The inflow of institutional funds into XRP has been remarkable. In the last week alone, XRP funds saw $14.7 million in investments, bringing the total inflows for 2025 to over $1.4 billion. This reflects strong demand and investor confidence in the cryptocurrency.
A major catalyst for XRP’s future could be the approval of XRP-based Exchange-Traded Funds (ETFs). With the SEC’s October 2025 decision on XRP ETFs approaching, expectations are high. The recent XRP ETF listing by Canary Capital has already generated significant buzz, although it’s important to note that this step doesn’t equate to an approval just yet.
The Future of XRP
As of now, XRP is trading at $3.17, up by 13% in the last 24 hours. The fundamentals remain strong — from robust trading volumes to increased institutional participation. If the observed trends hold, XRP could become a pivotal player in the crypto market’s next growth phase.
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Final Thoughts
XRP continues to captivate both retail and institutional investors with its consistent performance and promising future. Whether you’re a seasoned trader or a crypto newcomer, the developments around XRP are worth following closely as they could reshape the digital asset landscape.
