The cryptocurrency is drawing attention from both technical analysts and investors amid ongoing Ripple developments and regulatory clarity in the United States.

XRP Price Surges on Whale Accumulation

According to the latest market data, XRP experienced a 12% rally in 24 hours as of November 10, 2025, briefly reaching $2.55 on Binance. Dominus XRP Syndicate tweeted, “Next leg for $XRP has begun. Next target $14,” underscoring optimism in the market. This surge follows a reported $550 million accumulation by institutional whales, fueling speculation about a possible breakout toward $14.

XRP takes off toward its next leg, eyeing a $14 breakout. Source: @BaronDominus via X

Despite the enthusiasm, some community members remain skeptical. Analysts note that XRP’s all-time high remains $3.84 from 2018, making the $14 target highly ambitious. Market observers caution that volatility remains a hallmark of XRP, particularly in light of Ripple’s long-standing legal battles with the U.S. Securities and Exchange Commission (SEC).

Bullish Ichimoku Cloud Signals Unprecedented Strength

Technical analysts point to XRP’s 3-month Ichimoku Cloud chart as a key indicator of sustained bullish momentum. Matt Hughes, a prominent analyst, highlighted that XRP has consistently traded above the conversion line and baseline for nearly a year—a first in the token’s history. Hughes explained, “This long consolidation above key Ichimoku levels demonstrates the real power behind XRP’s current bull trend.”

XRP shows unprecedented strength, staying above the 3-month Ichimoku Cloud for a year. Source: @matthughes13 via X

Previously, during rallies in 2017 and 2021, XRP only briefly reclaimed these levels. Its ability to maintain strength above these trend-strength indicators suggests a potential for a significant upward move. Fibonacci analysis by Hughes suggests XRP could reach $8.30 after recovering from an October low of $1.20, with intermediate resistance levels at $3.31, $4.70, $6.20, and $7.60.

First U.S. Spot XRP ETF on the Horizon

Adding to the bullish sentiment, the Canary XRP ETF (XRPC) is set to launch on Nasdaq following the filing of Form 8-A with the SEC. Journalist Eleanor Terrett reported that this step is the final regulatory hurdle, and the ETF is expected to become effective at 5:30 PM ET upon Nasdaq certification. Trading will begin Thursday morning, making it the first U.S. spot XRP ETF available to investors.

The first U.S. spot XRP ETF is set to launch after Canary Funds clears the final SEC step. Source: @EleanorTerrett via X

The ETF development has sparked renewed optimism for potential price rebounds. Market participants are hopeful that regulatory clarity and institutional adoption could bolster XRP’s market performance. While some veteran investors urge caution due to historical disappointments, many view the ETF launch as a milestone event likely to attract significant trading interest.

XRP Market Outlook

Currently, XRP is trading around $2.43–$2.46, reflecting a minor pullback after recent rallies. Analysts emphasize that the combination of sustained Ichimoku Cloud strength, institutional accumulation, and the ETF launch could set the stage for a major price surge.

XRP was trading at around $2.42, down 4.93% in the last 24 hours at press time. Source: XRP price via Brave New Coin

Market observers note that if key regulatory developments and pro-crypto policies pass under the new U.S. administration, XRP could experience renewed momentum. As Hughes remarked, the current trend structure is unprecedented and could provide a roadmap for further gains in the coming months.

Investors and traders are advised to monitor XRP’s price charts, Ichimoku signals, and market news closely, particularly around key support and resistance levels. With both technical and fundamental factors aligning, XRP may be poised for a breakout that challenges previous historical highs.