Key Takeaways
- Ripple’s Brazil deal will put BTG Pactual fund-share records on the XRP Ledger, giving the network a role in live securities infrastructure.
- Analyst Egrag Crypto sees possible paths to $60 and $180 XRP.
- However, he says the token must first break and hold above roughly $3.50–$4.
A Brazilian securities depository with more than R$22 trillion in registered assets is bringing part of its record-keeping process to the XRP Ledger.
The partnership announced Tuesday by Ripple and CSD BR gives XRPL a role in live, regulated financial infrastructure.
It comes at the same time that analyst Egrag Crypto is circulating two extraordinary XRP price targets: $60 and $180.
What Is Actually Going on XRPL?
In the first phase, BTG Pactual fund shares deposited at CSD BR will be represented using XRPL’s Multi-Purpose Token standard.
The ledger will mirror ownership records so authorized participants can check and audit them.
CSD BR’s existing systems will still handle the official registration, deposit and settlement records.
CSD BR will retain control over issuance and administration, including the ability to freeze assets or reverse transactions when required.
For investors, the current process is expected to stay the same during this phase.
The partners are also considering Brazilian real estate and agribusiness receivables certificates for later phases.
The $180 XRP Call Has a Much Earlier Test
In an X post on Tuesday, Egrag Crypto set out two moves from the same chart structure: a surge to $60 using what he called its central line, and $180 when measured from its macro bottom.
Before those targets can be reached, however, he noted that XRP must break and confirm above roughly $3.50 to $4.
At the time of reporting, XRP was trading near $1.50 on Sept. 30, putting even the proposed breakout level more than twice its current price.
At roughly 63 billion XRP in circulation, $60 would imply a circulating market value near $3.8 trillion.
Extreme XRP Price Calls Keep Coming
Egrag’s $180 projection joins a string of extraordinary XRP forecasts circulating in recent days.
On Sept. 27, software engineer and XRP community member Vincent Van Code predicted that the token could reach $100 or more within three years.
The famed analyst argued that growing confidence could drive successive rallies and pullbacks in XRP.
Meanwhile, analyst Dark Defender has gone further, mapping a potential route toward $750–$1,000.
An older $1 million forecast from Jake Claver has also resurfaced. However, his previous $100 XRP deadline passed without being reached.
Egrag himself also recently outlined a separate $50 scenario tied to XRP repeating a historical monthly chart pattern.
Will the New Ripple Deal Impact XRP’s Price?
XRPL transactions require small fees paid in XRP, and accounts must hold XRP to meet the network’s reserve requirements.
The size of that link in this deal is still unknown, and Ripple has not disclosed how many fund records will be mirrored.
Ripple has also not detailed how often they will be updated or whether CSD BR and BTG Pactual will hold XRP beyond what the system needs to operate.
XRP’s history shows that investor access and legal developments can move its price much before institutional use translates into token purchases.
Following the July 2023 court ruling on XRP sales through exchanges, Coinbase relisted XRP, and its institutional desk reported a broader crypto rally in response to the decision.
Spot XRP funds have a more direct impact on demand.
Products such as the Bitwise XRP ETF hold the token itself, so sustained inflows can require XRP purchases.
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
