XRP Price Rally to $10 Remains Intact on Strong XRP ETF Debut

Group 1 - XRP has experienced a 5% correction over the past week, but analysts remain optimistic about a potential rally to $10 and beyond, particularly following the successful launch of the Rex-Osprey XRP ETF [1][6] - Despite the subdued activity in the crypto market after the US Federal Reserve's interest rate cuts, XRP has been hovering around the $3.00 mark as investors await a rally [2] - Analyst Javon Marks suggests that XRP could increase by over 226% towards the $9.90 level, with a breakout above this threshold potentially driving the price towards $20 [3] Group 2 - On-chain data indicates that XRP's price is likely to gain strength, with sustained accumulation noted since August 22 [4] - Analyst Tom Tucker highlights that heavy positioning in the $2.70–$3.00 range has absorbed selling pressure, suggesting a potential move towards the $5.00–$5.50 range in Q4 [5] - The launch of the XRP ETF (XRPR) generated over $37 million in trading volume on its debut day, with $24 million traded within the first 90 minutes, which is significantly higher than typical new ETF performances [6] Group 3 - The SEC's approval of generic listing standards for crypto ETFs has increased the likelihood of a spot XRP ETF, which would provide complete exposure to Ripple's cryptocurrency [7] - Ripple's CTO, Stuart Alderoty, emphasized that new listing standards for crypto ETFs are crucial for mainstream market integration and enhance regulatory clarity, which builds investor confidence [8]