XRP bull flag breakthrough is imminent! The ETF craze is assisting, targeting a price of 10 dollars?

Ripple (XRP) is currently at a potential breakout threshold. On-chain data shows that whales have heavily accumulated 340 million XRP in the last two weeks of August, bringing total holdings close to 7.84 billion. With expectations for spot ETF approvals rising, regulatory clarity approaching, and a classic bull flag pattern forming on the technical front, the market is starting to bet that XRP may experience a parabolic rise, ultimately challenging the $10 mark.

Whale capital layout in advance

On-chain tracking data shows that large holders continued to accumulate in late August, accumulating 340 million XRP in just two weeks. Such a scale of capital inflow is typically seen as a signal of "smart money," indicating that institutions and high-net-worth investors are positioning themselves in advance for a potential price breakout.

ETF and Regulatory Catalysts Overlap

Market optimism for the XRP Spot ETF continues to rise, with predictions giving an approval probability as high as 87%. Bloomberg analysts even estimate that the likelihood of the U.S. Securities and Exchange Commission approving the Cardano Spot ETF is 95%, indicating that regulatory agencies are gradually shifting towards a more open attitude towards crypto assets.

In addition, the CLARITY Act is expected to pass in the U.S. Senate in October, which will clear the way for institutional funds to enter the crypto market. As traditional financial (TradFi) tools such as 401(k) retirement plans, corporate bonds, and ETFs become deeply integrated with XRP, demand may experience a qualitative leap.

Technical Analysis: Bull Flag Pattern Approaching Breakout

(Source: Trading View)

The XRP daily chart shows that the upward trend since July has entered a consolidation phase, forming a typical bull flag pattern. Although the RSI is still hovering around the 40s, indicating that buying confidence has not fully recovered, the MACD is expected to exhibit a golden cross, providing technical support for the bulls.

If the upper edge of the flag pattern is effectively broken, XRP is expected to first challenge the June high of 1.70 USD, rising over 100% from the current level.

Potential Price Path: Is $1.70 Just the Starting Point?

If the bull market continues and attracts more institutional funds under the approval of the ETF and favorable policies, the price of XRP is expected to further break through the historical range, ultimately challenging the 10 dollar mark. This would mean an increase of up to 255% from the current price level, and may initiate a new bull market cycle.

Conclusion

XRP is currently at a critical moment where technical and fundamental factors are in resonance. Whale accumulation, ETF expectations, and regulatory clarity together form a strong upward catalyst. For investors, the coming months will be a golden period to observe the bull flag breakout and the implementation of policies – and once the breakout is confirmed, 10 dollars may no longer be just a dream.