Crypto exchange Bitrue made an ambitious claim yesterday, stating that “XRP should be $10.” With the coin currently sitting around $1.37, Bitrue asserts that XRP (XRP-USD) is trading at just a fraction of its true value. A jump to that level would be a sevenfold increase, pushing the market cap above $610 billion and solidifying its role as a global financial pillar.
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Whale Activity Supports a Major Price Shift for XRP
The XRP rumour mill is getting excited with talk of a looming supply shock. Prominent analysts on X are warning that the market is only “3 months away from XRP supply shock resulting in a spike to $10 per XRP.” This theory is gaining traction as spot flows for XRP recently recorded a massive 151% spike within a single 24-hour period.
Large-player activity is signaling a sudden move as capital enters spot markets directly. This surge often ties to whales accumulating or repositioning their holdings. While XRP remains in a broader downtrend, it is starting to form “higher lows,” which suggests that the selling pressure is finally weakening. Even Grant Cardone has weighed in on the broader market, stating that “Bitcoin should be $280,000,” a sentiment that is fueling the fire for other major assets like XRP.
Derivatives Data Support XRP’s Recovery Outlook
The numbers in the futures market are telling a different story than the daily price chart. XRP’s open interest climbed to $2.60 billion, a 7% jump in a single day. This kind of move during a price dip is a specific signal: traders are opening new positions, and those positions are leaning long.
Analysts flagged the pattern as a sign of strength. Short positions have not been piling up the way they typically do when a market turns bearish. Instead, traders appear to be buying into the weakness because they expect a price recovery rather than a continued slide. While XRP dropped nearly 4% over the past week, the futures market is not behaving like one bracing for more pain.
At the time of writing, XRP’s price is down 3% over the past 24 hours, sitting at $1.3714.
