XRP Sellers Exhausted, Institutional Demand Expected to Drive Growth
Crypto commentator Zach Rector suggests that XRP may soon overcome its recent stagnation, as selling pressure wanes and institutional interest rises.
Key Factors for XRP's Potential Growth
- XRP sellers appear exhausted, with a decline in downside action and consolidation.
- The potential introduction of XRP exchange-traded products (ETPs) could trigger a supply squeeze.
- The approval of XRP ETFs is expected to resume post-U.S. government shutdown.
- On-chain dynamics, such as Flare’s FXRP mechanism, are locking up XRP supply, tightening the market.
- Digital asset treasury companies are showing interest in acquiring XRP, following their Ethereum purchases.
Institutional and Market Developments
- Ripple’s initiatives with tokenization and payments on the XRP Ledger could bring significant liquidity.
- European and Middle Eastern partnerships highlight growing institutional momentum for XRP.
Market Structure and Future Outlook
- Recent market support observed above $2.70 level, indicating potential upward momentum.
- Rector suggests a possible 3x to 10x increase in XRP value, citing ETFs and institutional adoption as catalysts.
- XRP traded at $2.815 at press time.
