The post Ripple News: Wall Street’s ETF Push and Supply Shock Put $10 XRP Back on the Table appeared first on Coinpedia Fintech News
XRP’s supply on Coinbase has reportedly collapsed by almost 90% in recent months. On-chain data shows the exchange held close to 970 million XRP across 52 wallets in June. By mid-September, that figure dropped to about 99 million XRP spread across just six wallets.
According to an expert, this sharp reduction signals a classic supply crunch. When coins are pulled off exchanges, it usually means large holders are not planning to sell but to store, stake, or use them elsewhere. Less supply on the shelf means every new buy order can have a stronger impact on price. If demand picks up while available XRP remains scarce, a price squeeze becomes likely.
Wall Street’s Growing Interest
The liquidity crunch comes as Wall Street takes new steps toward tokenization. BlackRock, led by CEO Larry Fink, has been exploring blockchain-based ETFs and tokenized assets. The Depository Trust & Clearing Corporation (DTCC) has also been linked to potential listings of altcoin-related ETFs.
For XRP, this matters because institutional pathways are widening. A U.S. spot XRP ETF, now delayed, remains a topic of heavy speculation. If approved, it would give traditional investors direct exposure and could further tighten supply.
At the same time, macro trends are supportive. The U.S. stock market has logged 18 straight weeks of more highs than lows, a streak not seen since 2021. Historically, when the Federal Reserve cuts rates near record market levels, equities and risk assets, including crypto. have traded higher 12 months later. That backdrop may be fueling recent multi-billion-dollar Bitcoin buys, which often lift the broader crypto market, including XRP.
Chart Outlook and Price Levels
Technically, XRP has broken out of a descending wedge and put in its first higher high in months. Prices are now supported around the $3 level, with the next resistance near $3.35. A strong push above that zone opens the door to $4–$5, with $5 marking a key psychological barrier.
Looking further, if bullish sentiment and ETF headlines align with shrinking exchange supply, XRP could target $10 in an extended rally. That level would also invite heavy profit-taking, but the supply crunch makes higher valuations possible in a frenzy of demand.