A surge in optimism has enveloped the cryptocurrency community as analyst Hailey LUNC predicts a significant breakout for XRP, potentially reaching a price of $20. Her forecast has sparked lively discussions, particularly as she identifies compelling bullish patterns within XRP’s price chart. Among these are a double bottom formation and an ascending triangle—technical indicators that frequently suggest impending upward movements. Hailey LUNC believes these formations indicate that XRP might soon break free from its current price constraints.
Supporting Hailey LUNC’s viewpoint, another crypto analyst from XForceGlobal has also set a $20 target, noting that XRP is currently in a consolidation phase that precedes strong price rallies. This analyst points to the alignment of XRP’s price action with the Elliott Wave Theory, which could signal a potential bullish rally. XRP’s current trajectory shows hints of momentum towards a breakout, especially following its re-inclusion into the Bloomberg Galaxy Crypto Index.
This optimistic outlook is further buoyed by speculation regarding the possible approval of a spot XRP exchange-traded fund (ETF). Analysts speculate that such an approval could lead to significant capital inflows, propelling XRP closer to that ambitious $20 target. As of now, XRP is trading at approximately $3.07, leaving ample room for growth.
In a separate but related narrative, a viral video from Crypto X AiMan has set off conjectures about BlackRock’s potential accumulation of XRP through Coinbase Custody. The video discusses recent on-chain movements showing a dramatic decrease in XRP reserves held by Coinbase—from about 780 million tokens to under 200 million between June and August 2025, marking a reduction of roughly 69%. AiMan suggests that this trend does not point to mass selling but rather hints at a reallocation strategy.
He notes that the number of wallets holding XRP on Coinbase has reduced from 52 to between 10 and 16, with each displaying nearly identical balances of 16.5 million XRP. This level of uniformity suggests a technical restructuring rather than market-driven selling.
The rumors connecting these movements to BlackRock stem from Coinbase’s institutional partnerships, particularly via Coinbase Prime, which works closely with BlackRock’s Aladdin platform. This arrangement allows large clients like BlackRock to have exposure to digital assets without their holdings being prominently displayed on public exchanges. Analysts suggest that the sharp decline in visible XRP reserves at Coinbase may signify that these assets are being moved into segregated custody accounts for institutional clients.
While Coinbase’s XRP holdings have indeed diminished and their wallet structure has been streamlined, no direct evidence ties BlackRock to these specific XRP purchases. Neither Coinbase nor BlackRock has made disclosures that affirm this connection, and independent verification efforts underscore the speculative nature of these theories.
In conclusion, while the significant drop in Coinbase’s XRP reserves and the rationalization of its wallets signal institutional activity, the specifics regarding BlackRock remain uncertain. Meanwhile, Hailey LUNC’s ambitious $20 forecast for XRP highlights a growing sense of optimism surrounding the token, driven by its favorable technical setup and the potential for future market catalysts such as an ETF approval.
