{
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    "date": "2025-09-03T19:55:35",
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    "slug": "classic-xrp-price-chart-pattern-targets-5-as-spot-etf-reality-draws-closer",
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        "rendered": "Classic XRP price chart pattern targets $5 as spot ETF reality draws closer"
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        "rendered": "<div data-v-43e640e6>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>XRP price bull flag pattern targets $5 if key resistance is broken.<\/p>\n<\/li>\n<li>\n<p>SEC&#8217;s XRP ETF decisions due Oct. 18\u2013Nov. 14 as approval odds rise to 87%.<\/p>\n<\/li>\n<\/ul>\n<p>XRP (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" rel=\"https:\/\/cointelegraph.com\/xrp-price-index\" target=\"https:\/\/cointelegraph.com\/xrp-price-index\" title=\"https:\/\/cointelegraph.com\/xrp-price-index\">XRP<\/a>) price printed a bull flag pattern on the daily chart, a technical pattern associated with strong bullish momentum following an upward breakout. Is this the start of XRP\u2019s rally to $5?<\/p>\n<h2>XRP price bull flag targets $5<\/h2>\n<p>The daily chart shows XRP trading within a bull flag, with the price facing resistance from the pattern\u2019s upper trendline at $3.<\/p>\n<p>A <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/what-is-a-bull-flag-chart-pattern-and-how-to-spot-it\" title=\"null\">bull flag<\/a> is a bullish continuation pattern in technical analysis, forming a small falling rectangle after a sharp price rise, signaling consolidation. It typically resolves with an upward breakout, continuing the initial bullish trend.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/is-xrp-going-to-crash-in-september\" title=\"null\"><em><strong>Is XRP going to crash in September?<\/strong><\/em><\/a><\/p>\n<p>A daily candlestick close above $3 will confirm a bullish breakout for XRP, clearing the path for a rise toward the pattern\u2019s target at $5. Such a move would represent a 77% increase from the current price.<\/p>\n<p>However, before reaching this target, bulls will have to overcome resistance from the 50-day simple moving average (SMA) at $3.08, which has suppressed the price since Aug. 24. Other obstacles sit at $3.40 and the <a href=\"https:\/\/cointelegraph.com\/news\/xrp-jumps-22-into-price-discovery-market-cap-hits-record-210-billion\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/xrp-jumps-22-into-price-discovery-market-cap-hits-record-210-billion\">multi-year high of $3.66 reached<\/a> on July 18.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01990ec7-a39a-7ef7-bd1c-2c607ea8524e\" title><figcaption><em>XRP\/USD four-hour chart. Source: Cointelegraph\/<\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/x\/3W546DmE\/\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>On the downside, the area to watch is between the 100-day SMA at $2.68 and the 200-day SMA at $2.48, which remain key support zones for XRP price. Bulls must hold the price above this level to avoid invalidating the bull flag setup.<\/p>\n<p>\u201c$XRP could be gearing up for its next big breakout toward $5,\u201d <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/CryptoPulse_CRU\/status\/1960209412536013047\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">said<\/a> analyst Crypto Pulse after spotting the pattern last week.\u00a0<\/p>\n<p>According to the analyst, the price was required to hold above the Aug. 3 low of $2.75 to keep the bullish structure intact.<\/p>\n<p>\u201cLose $2.75 and see possible retest of the $2.5\u2013$2.6 confluence zone before another push higher, \u201d Crypto Pulse said, adding:<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cOverall, XRP still looks bullish; the breakout confirmation is what I\u2019m watching next.\u201d<\/p><\/blockquote>\n<p>As Cointelegraph <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/price-predictions-9-1-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-link\" title=\"null\">reported<\/a>, buyers are required to defend the crucial support around $2.73 to avoid a <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/will-xrp-price-drop-toward-2-dollars-or-reverse-course\" title=\"null\">deeper correction toward $2<\/a>.\u00a0<\/p>\n<h2>Spot XRP ETF approval draws closer<\/h2>\n<p>The US Securities and Exchange Commission is set to <a href=\"https:\/\/cointelegraph.com\/news\/sec-pushes-back-decisions-truth-social-solana-xrp-crypto-etfs\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/sec-pushes-back-decisions-truth-social-solana-xrp-crypto-etfs\">decide<\/a> on spot XRP exchange-traded fund (ETF) applications in a couple of months, with key deadlines for most of the applications falling between Oct. 18 and Oct. 25. The deadline for the decision on the Franklin Templeton\u00a0XRP ETF is Nov. 14.\u00a0\u00a0<\/p>\n<p>Approximately <a href=\"https:\/\/cointelegraph.com\/news\/xrp-etf-filings-awaiting-sec-approval\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/xrp-etf-filings-awaiting-sec-approval\">11 proposals are under review<\/a>, following Ripple\u2019s 2024 legal victory clarifying XRP\u2019s non-security status.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01990ec7-b409-78b2-b8b0-b1f234794f1c\" title><figcaption><em>Upcoming XRP ETF decision dates. Source: Cointelegraph<\/em><\/figcaption><\/figure>\n<p>Market participants are optimistic, with betting <a data-ct-non-breakable=\"null\" href=\"https:\/\/polymarket.com\/event\/ripple-etf-approved-in-2025?tid=1739542416703\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">odds for an XRP ETF approval <\/a>by Dec. 31 now standing at 87% on Polymarket. Over the past month, the probability of approval has risen 23% in favor from around 64% on Aug. 6.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01990ec7-be78-7573-9cb8-12da2c76ab68\" title><figcaption><em>XRP ETF approval odds on Polymarket. Source: Polymarket<\/em><\/figcaption><\/figure>\n<p>Nate Geraci, head of the ETF Store, emphasizes that the approval possibilities are almost certain as the decision deadlines draw closer.<\/p>\n<p>\u201cPersonally, I think the odds are closer to 100%,\u201d he <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/NateGeraci\/status\/1962681694181290304\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">said<\/a> in an X post on Tuesday in response to the increasing odds.\u00a0<\/p>\n<p>Bloomberg senior ETF analyst Eric Balchunas <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/search?q=from%3AEricBalchunas%20xrp&#038;src=typed_query&#038;f=live\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">estimates<\/a> a 95% approval probability, citing regulatory clarity and the <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/paul-atkins-sworn-in-sec-chair\" title=\"null\">change in leadership<\/a> at the SEC.\u00a0<\/p>\n<p data-ct-non-breakable=\"undefined\">Approval could potentially unlock institutional capital, amplifying demand for XRP tokens, potentially <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-distribution-phase-doesnt-change-20-dollar-price-target\" title=\"null\">driving prices toward $10-$20<\/a>, with some <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-price-10-50-plausible-spot-etf-approved-chatgpt\" title=\"null\">analysts predicting $50<\/a> if major players like BlackRock join.<\/p>\n<p type>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>",
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        "rendered": "<p>Key takeaways: XRP price bull flag pattern targets $5 if key resistance is broken. SEC&#8217;s XRP ETF decisions due Oct. [&hellip;]<\/p>",
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