Ripple's native cryptocurrency, XRP, has been among the key drivers of the crypto market's latest upside, posting gains of roughly 25% in the last 24 hours and 65% over the past week. With the XRP price shooting past $1.50, analysts believe the surge might put an end to the crypto's long-term downtrend. At the same time, inflows into spot XRP ETFs have started flowing again — more than $30 million across the last two trading sessions — showing a pickup in institutional demand. Analysts now see room for further upside, with targets ranging from $2.50 to as high as $10–$20.

Analysts See the End of a Long-Term Downtrend

In the last 24 hours, the XRP price is up 26.2%, trading above $1.52 amid strong trading volumes. With this move, Ripple's crypto has extended its weekly gains to 65%, emerging as the strongest performer in the crypto market.

Analyst CW said the XRP price has broken through a major resistance line and is continuing its upward trend. According to the analyst, the long-term downtrend has ended, with XRP now transitioning into a bullish trend.

CW also believes there is room for further upside from here. He noted that after breaking the $1.50 ceiling, Ripple holds upside potential toward $2.50, and that there is no major whale resistance until that level. In effect, the analyst is bullish on another 60% of upside for the Ripple price from current levels. Even at $2.50, XRP would remain below the $3-plus peak it reached during its 2017–2018 rally, the historical high-water mark against which the current move is being measured.

Crypto Patel: A Move to $10–$20 Is Possible

Analyst Crypto Patel added that the XRP price reaching $10 is very much possible. He bases the bold prediction on previous price moves and the current market setup.

Crypto Patel pointed to history, noting that starting in 2017, the XRP price surged from $0.006 to more than $3 in 2018. Similarly, in November 2024, the Ripple crypto surged from $0.50 to $2.60 in 30 days. XRP is currently trading above $1.20, with the analyst identifying $0.60–$1 as an accumulation zone.

Crypto Patel highlighted XRP's fast transactions, low fees, and real-world payment adoption as factors supporting the bullish outlook. In his view, a move to $10–$20 is possible, and he questioned what factors could be limiting XRP's upside.

Moreover, fundamental growth of the Ripple ecosystem could also support this price movement. Ripple recently backed a new lending initiative on the XRP Ledger, partnering with Cicada Partners and Clearpool to develop credit markets using RLUSD, Ripple's US dollar-pegged stablecoin. The initiative will support businesses seeking working capital through onchain credit. However, the underlying XRP Ledger lending features still require validator approval before they can be fully deployed. The XRP Ledger, the payments-focused blockchain on which XRP and RLUSD operate, relies on a network of independent validators to sign off on protocol changes such as these lending features.

Spot XRP ETFs Attract $13 Million in Fresh Inflows

As crypto ETFs once again attract institutional capital, XRP products are playing a key role. Spot ETFs give institutional investors exposure to XRP without holding the token directly, which is why their daily flows are closely watched as a gauge of institutional appetite. Spot XRP ETFs recorded $13.24 million in net inflows on August 20, extending their net inflow streak to three consecutive days. Since the start of July, XRP ETFs have recorded just three days of net outflows and now hold nearly $1.2 billion worth of XRP tokens.

On August 21, the XRP ETFs recorded another $18.38 million in net inflows, with the Bitwise and Franklin funds at the top of the leaderboard. Bitwise accounted for 92% of the total inflows, attracting $16.89 million in a single day, while Franklin recorded $1.49 million in inflows, according to data from SoSoValue. Beyond the daily ETF prints, the open questions for XRP are whether the inflow streak extends, whether validators approve the XRP Ledger's lending features, and how the token trades around the $2.50 level CW flagged.