Ripple’s XRP has shown impressive gains following the recent surge of ETF filings, setting up a potential breakout trade towards $2.80. This rally outperformed both Bitcoin and Ethereum, driven by institutional interest yet shrouded in uncertainty. Key takeaways include: 1) The potential $2.80 target for XRP is fueled by market dynamics as a result of new regulatory phases and investor behavior shifts; 2) Institutional involvement has been observed, but concrete capital disclosures are still lacking. This suggests the start of a broader shift in market sentiment; 3) Recent analysis points to historical bullish trends for XRP in November, hinting at potential repeat gains driven by ongoing ETF discussions, although official confirmations from regulators or institutions remain awaited. 4) On-chain data shows a contrasting trend: While short-term holders are selling, whales are accumulating, which may hint at changing investor sentiment and liquidity conditions. A Crypto Market Analyst believes that XRP’s performance amidst the influx of ETF filings suggests rising institutional interest, with the $2.80 target becoming more plausible if momentum continues.