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Classic XRP patterns indicate at price rally up to $ 15


Key Takeaways:

XRP (XRP) The price has reached 3% in the past 24 hours, and 17% higher than September 1 at $ 2.69, to trade above $ 3 on Thursday. Market analysts say this XRP position is for further acquisitions supported by many major and technical factors.

XRP technical assessment price puts $ 5- $ 15 in play

XRP price action is painted Bull flag Weekly time frame patterns that can result in a massive breakout up to a high $ 15.

The first was a smaller formed in mid -June and resolved earlier this week when the Damaged price above the upper banner of the flag at $ 3.

Related: Ripple compared to the SEC: How the lawsuit strengthened the XRP narrative

The measured target for this pattern, the height of the flag added to the breakout point, is $ 5.80, up to 46% from the current level.

XRP/USD Weekly Chart. Source: Cointelegraph/Tradingview

“In the day -to -day chart, the XRP forms a bull flag -a pattern of continuation that often indicates the next leg higher,” Says Analyst crypto pulse, noticed the emergence of the pattern in late August, adding:

“The $ XRP can be ganling up for the next big breakout towards $ 5+.”

The second is a larger bull flag pattern formed since November 2024, which has promoted a higher target for altcoin.

XRP confirmed the breakout in July at a rally that pushed the price toward Nine people high over $ 3.66.

In the pattern still playing, the price of XRP can continue to climb it to measured target $ 15.80, up to 408% from current levels.

Checking a fractal from a previous setup, analyst egrag crypto Says That a megaphone pattern on the five-day chart targeted at $ 7.

“Based on a fractal formation review, it suggests that in mid -November, #XRP may be around $ 6 to $ 7!”

XRP/USD Five-day chart. Source: Egrag Crypto

Rex-OSPREY ETF Launching to boost XRP price

Rex-OSPREY XRP ETF, $ XRPR, Starting trading with US exchanges On Thursday, after the 75-day SEC review was passed without objection.

Fund is the first place of the US XRP ETF Under the entire regulatory regulation, that marked a point of XRP in the mainstream financial.

The product is set to launch under the Investment Company Act of 1940, providing a simpler approval path than the Securities Act of 1933 used for Spot bitcoin etf approved Process

Unlike products that directly hold the underlying owner, this structure of the 1940 Act provides funding to launch automatically 75 days after filing unless the objects of SEC.

This launch marks an important moment for Altcoin, which is the potential opening of institutional capital floods in XRP markets.

It will “be another great test at Litmus for ’33 Act Spot XRP ETF Demand,” ETF store president Nate Geraci Says In an X post on Tuesday, the futures-based XRP ETFs were added to $ 1 billion in property.

In addition, Ripple’s latest partnership with DBS Bank and Franklin Templeton to launch a tokenized money market funding in XRP Ledger is another factor that can boost XRP’s real-world utility, network demand and, ultimately, price.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.