XRP Price Eyes Breakout to $5 According to This Chart, Spot ETF Approval Odds Surge

XRP XRP $2.87 24h volatility: 1.6% Market cap: $170.92 B Vol. 24h: $6.01 B price is showing signs of recovery, bouncing back from $2.80 support, with analysts eyeing a rally to $5 and a breakout from the bull flag pattern.

The improving odds of spot XRP ETF approval could add extra momentum.

XRP Price Eyes Breakout From Bull Flag Pattern

The daily chart shows XRP price trading inside a bull flag pattern, encountering resistance at the upper trendline around $3.

In technical analysis, a bull flag forms as a small downward-sloping rectangle following a strong price rally, signaling consolidation before a potential continuation of the uptrend.

A daily candlestick close above $3 would confirm a bullish breakout, targeting the pattern’s projected level near $5.

This would lead to a strong 77% gain from current prices. However, bulls must first overcome resistance at the 50-day simple moving average (SMA), currently at $3.08.

On the downside, key support for XRP lies between the 100-day SMA at $2.68 and the 200-day SMA at $2.48.

Holding above this range is crucial for bulls to maintain the bull flag pattern. Crypto analyst Javon Marks noted that as long as XRP stays above $2.47, the potential upside to $4.80 remains intact.

At the current state of the market, not much has changed with $XRP‘s target at $4.80 as its prices continue to hold above a key $2.47 level!

As long as this level holds, prices may only be prepping for another +66% upside… https://t.co/p3S1yTtGfR pic.twitter.com/SPjqtCNVSl

— JAVON⚡️MARKS (@JavonTM1) September 3, 2025

XRP ETF Approval Odds Jump to 87%

According to Polymarket data, the likelihood of an XRP ETF approval has recently risen to 87%. Analysts predict that the ETF could attract up to $5 billion in investments within its first month.

The primary driver behind XRP’s price momentum is the SEC’s review of 11 Ripple ETF applications from firms such as Canary, WisdomTree, and Franklin Templeton.

After multiple delays, the regulator has set an October deadline for most filings, leading analysts to adopt a more bullish outlook.

next

The post XRP Price Eyes Breakout to $5 According to This Chart, Spot ETF Approval Odds Surge appeared first on Coinspeaker.