XRP News Today: XRP Price Poised for 260% Rally to $9.63 as Wallets Surge 800,000

Legendary trader Peter Brandt recently shared a chart analysis suggesting that the price of XRP could be on the verge of a significant upward rally. According to Brandt's post, the chart indicated a price consolidation pattern that could potentially lead to a rally toward $9.63, a level that would represent a substantial gain from its current price. Brandt's analysis was based purely on historical chart behavior and did not reference any external events or news catalysts.

Brandt's view was that the market had temporarily paused but could soon resume its upward trajectory. This perspective was reinforced by trader Javon Marks, who also highlighted the same target level of $9.63 in a recent post on X. Marks pointed to signs that XRP might be poised for another leg up, adding to the growing consensus among analysts that the digital currency was showing strong bullish signals.

Adding to the bullish sentiment, there has been a notable increase in the number of XRP wallet addresses. According to Steph Is Crypto, the total number of wallets had grown by more than 800,000 since the start of the year. While the number of active wallets had slightly decreased, the overall rise in holders suggested growing interest from new participants. This combination of chart signals and wallet activity has sparked fresh debate among investors, particularly on the X platform, where crypto news and speculation often move quickly.

At the same time, XRP has become the focus of renewed chatter around potential exchange-traded funds (ETFs). The recent market rally pushed XRP to $2.69, marking a 10% increase over a 24-hour period. This price movement has fueled speculation that large asset managers might be preparing to launch investment products linked to XRP. Notably, BlackRock was among the names mentioned in the speculation, although no official filing had been confirmed. The idea is that with legal questions slowly clearing, XRP might become a candidate for institutional exposure through regulated investment vehicles.

In a related move, Truth Social filed plans for a Crypto Blue Chip ETF, which included XRP among the assets it aimed to track. Meanwhile, the Depository Trust & Clearing Corporation (DTCC) listed the ProShares Ultra XRP ETF in its product database, pointing to expanding options around the altcoin. Teucrium’s leveraged XRP product saw continued growth, reaching $160 million in assets. Though its expense ratio was higher than average, investor demand appeared steady. Analysts at JPMorgan also weighed in, suggesting that spot XRP ETFs could draw billions in new capital once launched.

Separate from trading and institutional speculation, XRP’s network activity showed signs of increasing adoption. For example, the coin’s trading volume is currently at $9.04 billion, a profound increase of 80.75%. Although active usage saw a slight drop, the overall trend pointed toward long-term holders coming into the space. As of writing, XRP has a circulating supply of 59.06 billion, with a total supply of 99.98 billion units. When combined with technical outlooks and ETF rumors, the increase in wallets added to the story forming around XRP’s possible next move.

Brandt’s post, wallet growth, and the expanding ETF conversation together painted a picture of a market gaining momentum. The ongoing legal case involving Ripple also added to market discussions surrounding the coin’s direction, further fueling the debate about XRP’s potential for future growth.