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XRP Price Prediction: Bull Flag + ETF Hype = $10 Incoming? Smart Money Already Loading Bags

XRP / USD 1-day chart, bull flag pattern nears breakout. Source: TradingView.

A powerful technical and elementary footing has attracted good cash consideration, fuelling a wave of bullish XRP price predictions.

On-chain knowledge reveals that whale accounts accrued 340 million XRP during the last two weeks of August, bringing their whole holdings to almost 7.84 billion.

Market individuals are more and more assured that the altcoin might quickly acquire regulated publicity in TradFi markets, with prediction markets pricing in 87% odds for spot ETF approval.

The optimism has reached close to consensus, with Bloomberg analysts estimating a 95% likelihood that the SEC will greenlight a Cardano spot ETF.

With most issuers dealing with a ultimate SEC resolution deadline in October, the approaching months might set XRP up for a parabolic run.

Particularly with the CLARITY Act, anticipated to cross the U.S. Senate round October, which stands to unlock sidelined capital from establishments ready on regulatory readability.

XRP Price Analysis: Are Whales Positioning Ahead of a $10 Move?

These stacking catalysts for demand might drive XRP into October, starting with the upcoming breakout of a bull flag sample that has been forming over the previous month.

XRP / USD 1-day chart, bull flag pattern nears breakout. Source: TradingView.
XRP / USD 1-day chart, bull flag sample nears breakout. Source: TradingView.

The consolidation nears its apex as momentum indicators flash early reversal indicators, setting the stage for a continuation of the July XRP bull run.

That stated, momentum has but to show decisively bullish. The RSI continues to hover within the mid-40s, struggling to interrupt above the impartial 50 line, an indication of weak purchaser conviction.

More encouragingly, the MACD is on observe to type a golden cross, surpassing the sign line for the primary time since July, a setup aligning with broader market narratives.

With markets pricing in close to 100% odds of U.S. rate of interest cuts simply two weeks away, coverage shifts might stimulate new demand for threat property like XRP.

If absolutely realized, the bull flag breakout might see XRP retest its June high and prolong towards $1.70, a possible 105% acquire from present ranges.

But because the bull market matures, momentum might carry additional. With deeper TradFi integration by way of 401(ok) publicity, company treasuries, and potential spot ETFs, XRP might prolong to $10 — a 255% transfer.

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