Key facts
- Ripple released 1 billion XRP tokens from escrow on October 1, 2026.
- Analyst CrediBULL Crypto forecasts XRP price could reach $20-$30.
- The analyst believes XRP's potential return on investment could exceed Ethereum's.
- Daily XRP outflows exceeding 1 million tokens peaked at 320 million.
- An accumulation score of 100 was observed on short-term XRP charts.
- A buy wall for XRP exists at $1.4575, with sell walls up to $1.7.
XRP experienced a significant supply event on October 1, 2026, with Ripple unlocking 1 billion tokens from its escrow. The tokens were released in four transactions of 100 million, 300 million, 400 million, and 200 million XRP, as recorded on the XRP Ledger.
Despite the large unlock, analyst CrediBULL Crypto expressed optimism about XRP's future price trajectory. The analyst suggested that XRP might consolidate within a short-term range, potentially returning to $1.25 before embarking on a substantial upward movement. CrediBULL Crypto believes XRP is poised for one of the best rallies of the current cycle, potentially surpassing Ethereum in terms of return on investment from its lows. The analyst's personal expectation for XRP is between $20 and $30, with $15 considered a good starting point.
This bullish outlook is partly linked to the broader crypto industry's potential growth, with CrediBULL Crypto estimating the total market capitalization could realistically reach $10 trillion or more by the end of the cycle. He drew parallels to the valuations of global stock markets and gold, noting that Ethereum itself surpassed $500 billion in 2021 and that XRP previously outperformed Ethereum in valuation during the 2017/2018 cycle.
Coinciding with the token unlock, there has been a surge in exchange outflows for XRP. Daily outflows for transactions exceeding 1 million XRP reached a peak of 320 million XRP, with Binance, Coinbase, Upbit, Bitget, and Bybit reporting the largest withdrawals. Additionally, short-term charts show pronounced accumulation signals, with an accumulation score of 100 noted by analyst CW, indicating strong buying energy. CW also identified a buy wall for XRP at $1.4575, with several sell walls present up to $1.7.