XRP Price Breakout Targets $10 Amid Institutional Lending Expansion
XRP's price has surpassed $3.0, showing potential for further growth amid a market rally. Technical analyses suggest:
- Crypto analyst Javon Marks indicates a target of $4.804 is achievable.
- EGRAG CRYPTO forecasts XRP could reach $10.30 by the mid-2020s, suggesting a 240% gain from current levels.
- Dark Defender's analysis highlights key Fibonacci Extension levels, with targets up to $10.4765.
SBI Holdings announced an institutional lending program for XRP in Japan, enhancing its enterprise use cases. This move indicates growing institutional demand for XRP, supported by VivoPower International PLC's recent $19 million equity offering to expand XRP holdings.
The broader crypto market shows strength despite external factors like the US government shutdown, with expectations of significant gains in October.