XRP Trading Near $2.78 as Community Predicts Price Targets

XRP is currently trading near $2.78, experiencing a 10% decline over the past week. This follows stronger performances earlier in the year.

Community Predicted Targets

  • Social media discussions are active with predictions for XRP's price.
  • Pumpius, a long-time Bitcoin investor, predicts XRP could reach $25 by 2026.
  • Other predictions include $22 by December and nearer-term targets of at least $5.
  • Some speculate prices above $30, linked to potential ETF flows.

ETF Interest And Market Flows

  • Optimism about potential XRP ETFs is influencing high price forecasts.
  • A CEO from Canary Capital suggests ETFs could attract billions in new investments.
  • XRP experienced strong market periods in January and July, but momentum has since weakened.

Trading Behavior And On-Chain Signals

  • XRP shows a lower dormancy rate compared to Bitcoin and Ethereum, indicating frequent use.
  • This aligns with Ripple’s goal of making XRP a bridge asset for payments.
  • Higher transaction activity does not guarantee a rise in price.
  • Scarcity narratives through accumulation can support higher valuations.

Analysts are monitoring whether increased on-chain use will be accompanied by fresh buying pressure, potentially influencing long-term evaluations.