Ripple’s $1 Billion XRP Treasury Move Sparks $10 Price Speculation
Ripple Labs deploys massive treasury reserves in bold market maneuver
The billion-dollar question
Ripple's treasury strategy just shifted into high gear—unleashing $1 billion worth of XRP into the ecosystem. Market watchers are scrambling to calculate the potential impact as this massive injection could either fuel the next major rally or simply disappear into the crypto void.
Price targets in focus
Traders are eyeing the elusive $10 mark, a level that would require nearly a 20x surge from current positions. The treasury move creates immediate liquidity while signaling long-term confidence—a delicate balancing act that could either propel XRP to new heights or leave bag-holders reminiscing about what might have been.
Institutional plays meet crypto volatility
While traditional finance executives might clutch their pearls at such concentrated positions, crypto natives recognize this as standard operating procedure. The real test comes when market mechanics meet investor psychology—because nothing says 'stable growth' like betting a billion dollars on digital magic beans.
Ripple Plans Largest Fundraising Effort
According to sources cited by Bloomberg, the capital will be managed within this new treasury, and Ripple plans to utilize a special purpose acquisition company (SPAC) to facilitate the fundraising. Additionally, the company will contribute some of its own XRP holdings to bolster the effort.
However, investor sentiment towards DATs has become increasingly cautious, as evidenced by the sharp declines in shares of major crypto firms, including Michael Saylor’s Strategy (previously MicroStrategy) and Japan’s Metaplanet.
Despite this skepticism, Ripple Labs is pressing forward with its ambitious fundraising plans, which, if successful, WOULD mark the largest effort focused specifically on XRP. Currently, XRP stands as the fifth-largest cryptocurrency, boasting a market capitalization of $138 billion.
In a related strategic move, Ripple announced on Thursday the acquisition of treasury management software provider GTreasury for $1 billion. This acquisition is seen as a way to strengthen its connections with corporate finance leaders and treasurers seeking access to tokenized deposits, stablecoins, and other digital assets.
As of July 31, Ripple held 4.74 billion XRP tokens in its wallets, valued at approximately $11 billion at current market prices. Additionally, another 35.9 billion XRP coins are under escrow lockups, scheduled for monthly releases.
Potential 350% Rally Ahead For XRP
This potential catalyst could signal a recovery phase for XRP. Market expert Dark Defender noted on social media platform X (formerly Twitter) that the correction had completed at the $2.22 level, which was established in August, suggesting that the “Journey Towards $10 Resumes.”
Despite the current market panic, the expert reassures investors that the altcoin is entering a new recovery phase, with the $2.22 mark representing a crucial threshold for the short-term price action.
According to the expert’s analysis, this scenario could lead to a significant rally of 340% in the coming months, on top of the already impressive 320% gains recorded year-to-date.
As of this writing, XRP is trading at around $2.26, resting on a critical support level as October draws to a close. Should this level falter, and if the $2.4 support fails to prevent further declines, XRP could retrace back toward the $1.2 level, the price reached during the market crash on October 10.
Featured image from DALL-E, chart from TradingView.com
