XRP Poised for Q4 Bull Run Amid Institutional Interest
- Analyst Austin Hilton warns this is the last chance to accumulate XRP before a potential bull run in Q4.
- XRP has reclaimed the psychological $3 level, outperforming expectations despite a slow September.
- Crypto whales are accumulating XRP, leading to a significant decrease in exchange reserves, with Coinbase’s reserves down by 90%.
- Four major exchanges, including Binance, added over one million coins due to increased demand, possibly from institutions.
- Seven fund issuers await SEC approval for spot XRP ETFs, potentially boosting prices further.
XRP’s price consolidation and whale accumulation indicate a possible supply shock as liquidity returns in Q4. The anticipated launch of spot XRP ETFs and institutional interest could further drive demand and prices upward.
Currently trading at around $2.97, XRP’s price reflects a slight dip but holds potential for growth amid these developments.(Source)
