Three Key Factors That Could Drive XRP Price to Recover to $3.00 Soon

XRP is trading well below its all-time high, but some trends indicate that the support level is improving. From the accumulation of whales to ETF momentum and early treasury adoption, three key factors could shape the next bounce back phase for this token. XRP is trading near the support level of $2.83 at the time of writing, up 1.7% on the day but down 6.6% over the past week. According to market data from crypto.news, the price of XRP has now dropped 23% from the peak of $3.66 set on July 18, 2025. Since reaching that peak, the chart of XRP has shown a steady downtrend, with lower highs and continuous pressure throughout August. However, this pullback may be laying the groundwork for a reversal. Market signals indicate the quiet accumulation by whales, a legal pathway is finally opening up for ETF funds, and the first signs suggest the adoption of treasury bonds in practice. In summary, these three factors indicate that the decline of XRP may not necessarily be due to a downturn but rather a consolidation before the next move. The Accumulation of Whales According to data from Santiment, the number of wallets holding at least 1 million XRP has surged to an all-time high of 2,743 addresses, with a total holding of 47.32 billion XRP, accounting for approximately 80% of the total circulating supply. This dual trend, with a greater number of large whales and a higher number of tokens being held, is a very positive sign for the future growth momentum of XRP. Reports also indicate that during the recent two-week correction, whale investors collectively purchased 340 million XRP worth approximately 962 million dollars, even as outflows from the exchange increased by 268 million dollars, a clear signal of unnoticed strategic accumulation.

Institutional investors are also not left out of the game. In just four days, wallets holding between 100 million and 1 billion XRP have increased by 1.2 billion XRP, worth nearly 3.8 billion dollars. These numbers indicate significant confidence at a large scale. Instead of selling off, large investors are doubling down on their holdings. If XRP wants to bounce back, it seems the "whales" have started to lay the groundwork. ETF XRP Currently, no spot XRP ETF has been approved, but the growth momentum is rapidly increasing. Analysts observe that investor demand is being underestimated. ETF expert Nate Geraci points out that people are "seriously underestimating investor demand for spot XRP and Solana ETFs," reflecting strong optimism about the regulator's upcoming approval. The positive interaction that is taking place further reinforces the optimistic sentiment. Some companies, including Grayscale, Franklin Templeton, VanEck, and Canary/Marinade, have updated their Solana and XRP ETF profiles. These updates often reflect positive exchanges with the SEC and show positive progress in the review process. Meanwhile, the legal framework is gradually being完善. Earlier this year, the SEC introduced standardized disclosure regulations for trading products on cryptocurrency exchanges and approved the creation and redemption of physical assets, which could simplify the ETF process in the future. Investors hope that the new common listing standards currently under discussion will shorten the approval time by minimizing the assessment of each specific case. The decision on the proposed XRP tracking funds is expected to be made around mid to late October, and these developments are reinforcing the bullish outlook for this asset. The Application of XRP Treasury The actual demand for XRP is also increasing. As reported earlier by crypto.news, the Tokyo-listed gaming company Gumi, backed by SBI Holdings, has confirmed plans to buy back approximately $17 million worth of XRP. The buyback will be carried out gradually, extending from September 2025 to February 2026, as part of a dual asset strategy combining XRP with Bitcoin. According to Gumi, the increasing role of XRP in remittance and liquidity networks aligns with the company's long-term business goals. This move shows that XRP is not only recognized by investors but also serves as a treasury asset for enterprises, reinforcing the long-term bullish outlook.