XRP’s Path to $30: Analyzing Breakout Potential and Profit Targets
XRP traders are keeping a close eye on a critical $3 support level as the cryptocurrency hovers on the verge of a potential breakout. Analyst EGRAG CRYPTO has identified three key profit-taking zones, with the most conservative target ranging between $4 and $6. This range is derived from inverse Fibonacci levels of a previous wave pattern, suggesting a solid foundation for upward momentum. The mid-term outlook is even more optimistic, projecting a target zone of $11 to $13 based on Elliott Wave theory. Long-term enthusiasts are eyeing the elusive $30 mark, fueled by bullish sentiment and technical indicators. As of August 2025, the market watches intently for signs of a decisive breakout that could propel XRP to new heights.
XRP’s $30 Dream? Wave Analysis Unfolds as Price Eyes Critical Breakout
XRP traders are closely monitoring a critical $3 support level as the cryptocurrency teeters on the edge of a potential breakout. Analyst EGRAG crypto outlines three profit-taking zones, with the most conservative target between $4 and $6—a range derived from inverse Fibonacci levels of a previous wave pattern.
The mid-term outlook suggests a more ambitious $11 to $13 zone, based on Elliott Wave projections. Long-term holders may find this region optimal for exiting positions rather than chasing unpredictable peaks.
EGRAG's most speculative projection places XRP between $27 and $30, calculated from a wave count originating in early 2020. This scenario, while improbable, hinges on a 1,750% return from a larger wave cycle—a moonshot scenario requiring perfect timing.
Market participants note the weekend's price dip could set the stage for a bullish reversal. The analysis emphasizes reaction over prediction, with key levels now established for strategic decision-making.
Ripple CEO Highlights Prime Broker Role in Bridging TradFi and DeFi
Ripple CEO Brad Garlinghouse emphasized the pivotal role of prime brokers in facilitating seamless transactions between traditional finance (TradFi) and decentralized finance (DeFi). The acquisition of prime broker Hidden Road by Ripple now enables institutional players to access integrated services—trade execution, clearing, custody, and credit—across both asset classes.
This convergence delivers operational efficiency, enhanced security, and instant settlement capabilities. Large-scale capital movement between TradFi and DeFi is no longer a friction-laden process but a streamlined operation.
Fact Check: Ripple's Alleged Hiring of Sydney Sweeney for XRP Promotion
Rumors have surfaced claiming Ripple hired Hollywood actress Sydney Sweeney to promote XRP in an upcoming marketing campaign. The unverified social media post, which suggested XRP could surge to $568, has sparked mixed reactions within the crypto community.
No official confirmation has been provided by Ripple or Sweeney's representatives. The speculation appears to stem from Sweeney's recent collaboration with American Eagle Outfitters, a campaign that went viral and boosted the company's stock price.
Market participants remain skeptical, emphasizing the need for verified announcements before drawing conclusions about celebrity endorsements in the crypto space.
Nasdaq-Listed Healthcare Firm Wellgistics Health Files $50M Plan to Integrate XRP into Core Operations
Wellgistics Health, a Nasdaq-listed healthcare company, has unveiled plans to integrate XRP and the XRP Ledger (XRPL) into its Core business operations. The move, detailed in an SEC filing, includes using XRP for B2B transactions, treasury reserves, collateral, and capital-raising activities. A $50 million fund from LDA Capital will support the development of XRP infrastructure within the firm.
The filing challenges the narrative that XRP lacks utility, positioning it as a strategic financial tool rather than a speculative asset. Analysts are divided on the implications, but the announcement has injected fresh momentum into XRP's real-world adoption race.
Ripple's ongoing regulatory battles with the SEC appear overshadowed by this institutional endorsement. The healthcare sector's embrace of crypto signals broader acceptance of digital assets in traditional finance.
Ripple CEO Brad Garlinghouse Explains Why Hidden Road Is Key to DeFi Growth
Ripple is quietly building a powerhouse in decentralized finance (DeFi), with its latest acquisition, Hidden Road, taking center stage. CEO Brad Garlinghouse highlights how the firm is transforming access to both traditional finance and crypto markets. Hidden Road, now under Ripple’s wing, acts as a "one-stop shop" for institutional players, offering seamless access to digital assets, derivatives, and swaps.
Historically reliant on traditional banks like JPMorgan and Goldman Sachs, institutional players now have a bridge to the decentralized economy. Backed by strong capital, Hidden Road is becoming a key player in onboarding financial institutions into crypto. Garlinghouse sees this as just the beginning, with more prime brokers likely to follow as DeFi becomes institutionalized.
Meanwhile, Ripple has moved over $108 million in XRP, sparking speculation. The transaction, likely tied to internal product operations, underscores Ripple’s active role in the market.
Ripple Co-Founder Chris Larsen Sells $200M XRP, Sparking Market Concerns
Ripple co-founder Chris Larsen has offloaded over 100 million XRP tokens, worth approximately $200 million, during a recent market downturn. The sale exacerbated XRP's 14% weekly decline, with the token now hovering NEAR $3.16 amid $8 billion market capitalization.
Analysts warn such large-scale disposals by major holders can accelerate price erosion. Blockchain data reveals $140 million of the sold XRP moved through centralized exchanges, typically preceding further sell pressure. Larsen retains a formidable 2.58 billion XRP position ($7.9 billion), leaving markets anxious about potential follow-up transactions.
Technical indicators show XRP clinging above key support levels, but the ecosystem's vulnerability to whale movements has become undeniable. CryptoQuant's J.A. Maartun cautions investors against becoming "exit liquidity" for insiders, highlighting the delicate balance between institutional holdings and retail participation.
