XRP News Today: Whale Moves and Perfect Charts Signal XRP's $6 Push Amid ETF Hopes

XRP, the third-largest cryptocurrency by market capitalization, has recently experienced a significant price pullback, falling below the critical support level of $3. This decline, which has seen XRP lose approximately 20% of its year-to-date gains, has prompted technical analysts to evaluate potential price recovery signals. Rekt Fencer, a crypto analyst with over 325,000 followers, has highlighted a “too perfect” cup-and-handle pattern forming on the XRP price chart. Based on this pattern, he estimates the coin could surge to approximately $6 in the coming weeks. Additionally, Fencer observed an inverse head-and-shoulders pattern on the eight-hour chart, which suggests a potential price target of $4.06 [2].

The bullish technical indicators are supported by on-chain activity, including significant whale accumulation. A notable example occurred over the weekend when a single whale purchased $61 million worth of XRP on Upbit. Over the past few weeks, a total of $1 billion in XRP tokens have exited exchanges, indicating increased investor confidence and a shift toward long-term self-custody [2]. This trend aligns with broader market sentiment suggesting that the current pullback may be a temporary correction rather than a sustained bearish trend.

Looking ahead, several catalysts could drive XRP higher. One of the most anticipated events is the potential approval of spot XRP ETFs in the United States. Ripple CEO Brad Garlinghouse has predicted that the Securities and Exchange Commission (SEC) could approve most or all of the 10 pending ETF applications by October. Such an outcome would likely bring substantial inflows from American investors, given XRP’s strong liquidity and utility within the crypto ecosystem [2]. Additionally, the market capitalization of Ripple USD (RLUSD), a stablecoin backed by XRP, has grown to $666 million, signaling increased adoption and utility for the XRP Ledger [2].

Rekt Fencer, in a separate analysis, also provided a broader outlook for XRP within the next three to six months. He set a conservative target range of $5.20 to $6.50, which would push XRP’s market capitalization toward the $400 billion mark [1]. This projection is more restrained compared to some ultra-bullish forecasts, such as those from influencer Alex Cobb, who predicts XRP could reach $22 by December, and analyst Javon Marks, who forecasts a potential price of up to $99 within six months [1]. Fencer’s cautious approach contrasts with these more aggressive expectations, highlighting the uncertainty and volatility inherent in the crypto market.

The market environment for XRP is further influenced by the broader cryptocurrency landscape. Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, have also seen mixed performance. Bitcoin recently reached an all-time high of $124,400 but quickly retreated to $117,000, while Ethereum has remained below its projected year-end targets [1]. However, analysts believe that a sustained rally in Bitcoin and Ethereum could provide a tailwind for altcoins like XRP, particularly if major ETF approvals and broader institutional adoption continue to gain traction.

Despite the technical and on-chain signals pointing toward a potential rebound, investors are cautioned to remain vigilant. The cryptocurrency market remains highly volatile, and any predictions should be viewed as speculative rather than guaranteed outcomes. As XRP approaches key technical levels and faces regulatory and market-driven catalysts, the coming months will be critical in determining whether it can regain bullish momentum and achieve new price highs.

Source: [1] Founder of X DAO Predicts XRP Price in the Next 3 to 6 ... (https://thecryptobasic.com/2025/08/16/founder-of-x-dao-predicts-xrp-price-in-the-next-3-to-6-months/) [2] Popular Analyst Sees XRP Price Surge After Forming “Too ... (https://coingape.com/markets/popular-analyst-sees-xrp-price-surge-after-forming-too-perfect-pattern/)