XRP price is trading within a bull flag pattern, facing resistance around $3, with analysts eyeing a breakout toward $5, representing a potential 77% gain.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
2 mins read
XRP XRP $2.86 24h volatility: 2.3% Market cap: $170.35 B Vol. 24h: $5.53 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.
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.
XRP price shows potential breakout from the bull flag pattern. | Source: TradingView
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
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.
Odds of XRP ETF approval. | Source: Polymarket
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.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.