XRP’s Next Test: Can a 188% Wave Carry Price to $9.63?
Market analyst Javon Marks says, “Based on XRP's previous bull cycle performance and this one shaping up in an extremely similar manner, the next levels to be pushed is at $9.63 in another +188% run from here.”
Therefore, Marks has reaffirmed his bullish XRP outlook, predicting a $9.63 target based on repeating bull-cycle patterns, matching on-chain flows, and rising institutional interest that echoes the lead-up to XRP’s past explosive rallies.
XRP continues to build bullish momentum with the 3rd-largest cryptocurrency by market cap being 11.3% up in the past week to hit $3.28, according to CoinGecko data.
Notably, Marks’ bold $9.63 target builds on historical patterns strengthened by rising institutional inflows and clearer regulation, while veteran macro strategist Gert van Lagen points to a key XRP breakout that could signal an even larger rally toward $34.
Bill Morgan Throws Weight Behind Ripple’s Escrow
Australian lawyer Bill Morgan is doubling down on Ripple’s escrow as a feature, not a flaw, arguing that its monthly release schedule supports price stability by keeping XRP’s supply transparent and predictable, countering claims that it floods the market with tokens.
Taking on X, formerly Twitter, Morgan noted, “Even after eight years, if you do not agree with him, there are scores of compelling reasons why the release of XRP from escrow provides no helpful explanation of significant XRP price movement.”
Created in 2017 to lock up 55 billion XRP, Ripple’s escrow releases up to 1 billion tokens monthly, with unused amounts re-escrowed, capping supply, reducing uncertainty, and signaling discipline to institutions.
As a result, Morgan says that eight years later, its core goal remains: ensure supply predictability and support healthy markets.
Recent on-chain snapshots show the mechanism’s scale and current state. XRP escrow holdings sit near 35.6 billion XRP, while circulating supply is about 64.36 billion.
In practice, Ripple commonly re-locks the majority of monthly unlocks, meaning far less than the theoretical 1 billion enters circulation, another reason Morgan contends the process doesn’t mechanically pressure price.
The debate flared again in early August amid routine unlocks and headline volatility. Morgan’s rebuttal is that predictable issuance and strong utility positioning matter more to price than calendar-based unlocks.
He also notes that even U.S. regulators have acknowledged the escrow’s intent to buttress market confidence rather than depress prices, an important contextual point for investors parsing narratives around supply.
Ripple’s own leaders have reiterated the operational guardrails. CTO David Schwartz recently clarified that escrow releases are scheduled for the first day of each month and only reflect on-ledger once a triggering transaction is submitted.
That procedural clarity, paired with the historical pattern of re-locks, helps explain why monthly unlocks often land with less impact than social media suggests.
Conclusion
Morgan frames Ripple’s escrow as a safeguard for XRP’s long-term market health, a transparent, structured system that, with disciplined management, could anchor lasting institutional trust.
On the other hand, if XRP maintains its current momentum and mirrors its past bull cycle, Marks’ $9.63 target could be within reach, but success hinges on sustained buying pressure and favorable market sentiments.
