XRP $9.63 Target as Ripple Escrow Plan Gets Legal Backing
Analyst Javon Marks sees XRP repeating its previous bull cycle with a 188% surge toward $9.63. He cites matching on-chain flows, rising institutional inflows, and clear regulation as drivers. XRP, the third-largest cryptocurrency by market cap, climbed 11.3% in the past week to $3.28.
Legal expert Bill Morgan defends Ripple’s escrow mechanism, highlighting its role in supply predictability and market stability. Created in 2017, the escrow locks 55 billion XRP and releases up to 1 billion tokens monthly, with unused amounts re-escrowed. Today, 35.6 billion XRP remain in escrow and 64.36 billion are circulating. Morgan argues that the structured release schedule prevents flooding and supports healthy markets. U.S. regulators have acknowledged the escrow’s intent to bolster confidence rather than depress prices.
If XRP maintains momentum and mirrors past patterns, the $9.63 target could be within reach. However, sustained buying pressure and positive sentiment will be crucial for a successful breakout.
Bullish
The article carries a bullish outlook. Javon Marks’ prediction of a 188% rally to $9.63 highlights strong upside potential based on historical bull-cycle patterns. Rising institutional inflows and clear regulatory signals further reinforce confidence. Bill Morgan’s legal defense of Ripple’s escrow mechanism reduces supply uncertainty, a bullish factor that can attract new buyers. Short-term momentum, marked by an 11.3% weekly gain, supports this view. In past cycles, positive regulatory developments and predictable token issuance have preceded major rallies. However, realizing the target depends on sustained buying pressure and market sentiment. Overall, the combined technical and legal cues point to continued bullish momentum for XRP.