Ah, XRP – that sprightly digital token currently doing a bit of a jig around $2.86, with volatility flirting at a modest 2.3% (just enough to keep the evening entertaining) and a hefty market cap tipping the scales at $170.35 billion. The 24-hour trading volume is a sprightly $5.53 billion, which is no small potatoes in anyone’s book.
Now, the price has been putting on its best bouncer’s hat, springing up from the $2.80 mark like a cat startled by a cucumber, and the gentlemen analysts have their monocles focused on a dazzling leap to $5. That’s right, a bona fide breakout from the bull flag pattern, if the stars – or rather the candlesticks – align.
The improving chances of a spot XRP ETF approval have the crowd whispering, “Momentum, old sport, momentum!” with the sort of excitement usually reserved for a particularly thrilling cricket match.
XRP Price Eyes Breakout From Bull Flag Pattern
The daily chart, a thing of beauty and mystery, reveals XRP waltzing inside a bull flag pattern, its path impeded only by an obstinate resistance lurking near $3. For the uninitiated, a bull flag is less a maritime thing and more akin to a small, grumbling rectangle trudging downward post a spirited price rally – a pause for breath before the dash continues.
XRP plotting its breakout like Jeeves plotting Bertie’s next escapade. | Source: TradingView
A close above $3 on the daily candle would set the bulls stamping merrily toward the elusive $5, promising a profit pop of 77% – nearly enough to finance a weekend in Monte Carlo, if one were so inclined. That said, the bulls must first tango with the 50-day simple moving average, stubbornly camped at $3.08, which has all the charm of an overzealous aunt at a family dinner.
Down below, the faithful support comrades are stationed between the 100-day SMA at $2.68 and the 200-day SMA at $2.48 – rather like a pair of patient butlers keeping the whole affair from descending into chaos.
Crypto analyst Javon Marks, who sounds like a chap one would consult for proper stock advice or widow’s tea recommendations, assures us that as long as XRP keeps its nose above $2.47, the path to $4.80 remains not just possible but probable.
“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… 🍾🎩
– JAVON⚡️MARKS (@JavonTM1) September 3, 2025
XRP ETF Approval Odds Jump to 87%
Polymarket, that oracle of odds and outcomes, has recently upped the ante, tipping the likelihood of XRP ETF approval at a rousing 87%. Analysts, ever the optimists, are forecasting that this could reel in a tidy $5 billion in investments in the first month alone – enough to keep the bankers at Canary, WisdomTree, and Franklin Templeton smiling through the next quarterly lunch.
Odds of XRP ETF approval looking juicier than Aunt Agatha’s Sunday roast gravy. | Source: Polymarket
The chief impetus behind this bullish hullabaloo is the SEC’s magnifying glass fixed firmly on 11 Ripple ETF applications, with a deadline nestled in October’s lap. After a rather dramatic series of delays (the suspense rivaling a Jeeves and Wooster escapade), the outlook grows decidedly bullish, much to the delight of the crypto cognoscenti.
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2025-09-03 22:30