Can XRP Price Drops Despite ETF Optimism: How’ll Bears vs Bulls End?
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Key Insights: A top analyst set bullish XRP price targets at $13, sparking market optimism. Whales grabbed 320 million XRP in 3 days. Technical indicators are leaning on the bullish side. XRP price is dropped near $3.07 a 5% daily and 2% weekly drop. This happened despite whales grabbing over 320 million of tokens while optimism soars for an ETF approval by October. At the same time, experts are hinting at a double-digit price as altseason approaches. On-chain action shows a strong buying spree over the last few days following the United States Securities and Exchange Commission’s closing of the case against Ripple and ending a decade of legal quagmire. Since Ripple’s launch in 2012, and the 2017 bull market that saw XRP catapult by a historic 63,900% price growth, the SEC’s lawsuit remained a major hurdle blocking the altcoin’s price from further growth. With the lawsuit out of the cryptocurrency’s way, XRP is up by 8% over the last seven days and has increased its market capitalization by $14 billion. According to analysts, sentiment now leans towards bullishness with both retail and institutional investors switching from caution to greed for the better part of the week. Can XRP Price Reach $13? XRP price eyes a potential movement to $13, as per veteran trader and analyst Tony Severino, who said the current XRP pattern is bracing for its final stage before reaching new all-time highs. Severino urged everyone to brace for the final wave, which ends within 40 days. According to him, the altcoin’s price will peak between $8 and $13 by mid-September. Source: TradingView Another analyst on X made a similar bullish forecast, stating that the XRP price would increase by 333.33% to $13 if buyers provide enough momentum in the near term. Some of the crucial levels to…
Filed under: News - @ August 14, 2025 11:27 pm