The XRP Ledger token, XRP, saw its price hover near $3 in the week beginning Sept. 8 after a breakout from its consolidation range. The price action turned analysts bullish, framing the token’s setup as the start of a larger rally. Projections pointed to near-term gains around $3.60, while more ambitious calls placed the token on a path toward $8. Long-term patterns even kept $10 in play.
Ripple’s recent partnership news added momentum, feeding speculation that XRP could extend gains.
Analysts Frame Token’s Path Toward $8
Analysts across platforms turned their attention to XRP’s latest breakout.
Independent analyst JackTheRippler stressed that the daily chart confirmed a triangle breakout. He linked the structure to a potential run toward the $8–$10 zone. Rippler’s post gained traction as XRP briefly traded above $3, reinforcing claims of a bullish reversal.
BallaJi took an even broader view, pointing to a wedge pattern stretching back to 2018. The analyst argued that the setup left $10 within reach, citing a long-standing volatility funnel with multiple triggers already met. BallaJi’s outlook framed $10 not as a speculative hope, but a technical extension of the structure.
Ali Martinez, however, offered a more tempered call. The analyst’s 12-hour chart focused on the descending triangle that the XRP USD pair broke through in early Sept. 2025. Martinez identified resistance levels that capped immediate upside near $3.10 and $3.25. He highlighted $3.60 as the most realistic next target, warning that confirmation was still required.
Price action supported Ali’s view. The token rebounded sharply from the $2.80 area, but faced rejection near the descending trendline. Volume showed improvement but lacked the sustained momentum often seen in major breakouts. Fibonacci retracements aligned with Ali’s projections, suggesting hurdles before attempting higher levels.
Together, the three perspectives painted a split narrative. Short-term structures favored moderate gains toward $3.60, while longer-term charts kept the discussion alive regarding a possible rally near $8. Traders weighed the credibility of each outlook, balancing immediate technical resistance with the broader optimism driven by Ripple’s expanding institutional reach.
Ripple-BBVA Deal Strengthens Institutional Backdrop
Ripple expanded its European footprint after signing a custody deal with Spanish banking giant BBVA. The agreement brought Ripple Custody to BBVA’s retail crypto services in Spain, allowing customers to hold assets such as Bitcoin and Ether within the bank’s platform. The launch followed earlier pilots in Switzerland and Turkey, positioning BBVA among the first major European banks to adopt Ripple’s custody solution for retail clients.
The deal aligned with the European Union’s Markets in Crypto-Assets regulation, which took effect in 2024. MiCA provided banks with a clear framework for offering digital asset services. Ripple highlighted its 60 regulatory licenses worldwide, underscoring its ability to deliver a compliant product to institutions entering the space. BBVA framed the integration as a direct response to customer demand for secure and regulated crypto access.
Moreover, the announcement fed into the bullish sentiment already surrounding the XRP price. Market participants would likely connect the deal’s timing with the token’s breakout above $3, reinforcing speculation that institutional adoption could fuel the next rally. Traders argued that Ripple’s growing partnerships in Europe supported the case for higher valuations, even as technical charts pointed to near-term resistance levels.
Overall, the development added to the broader narrative that traditional banks were starting to embrace tokenized assets. For XRP, the visibility created by BBVA’s rollout strengthened the belief that long-term targets near $8 were no longer outside the discussion, even if immediate gains remained capped by technical barriers.
