Key Takeaways:
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XRP charts a sneaky bull flag thatâs just begging to hit $5-if resistance plays nice.
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The SEC’s spot ETF decision is coming, and everyoneâs fingers are crossed tighter than grandmaâs appliquĂ© stitches. Decision date set for Oct. 18-Nov. 14, with 87% odds of approval (or so the rumor mill says!).
Well, would you look at that? XRP has decided to give us a little show on the daily chart-craftily forming a bull flag, as if itâs just waiting for the right moment to shout, âHey! Iâm going to five bucks, maybe today, maybe tomorrow, whoâs counting?â
XRPâs bullish flag: The not-so-hidden secret to the $5 dream
See, the chart shows XRP lounging in a bull flag pattern, a fancy technical term for âlooks like a rectangle thatâs about to explode.â Resistance snuggles around $3, tugging at the hedge fundâs sleeve, but once XRP pushes above that-BOOM-itâs heading straight for $5. Thatâs a 77% gamble worth taking if youâre into that sort of thing.
But wait-thereâs more fun! XRP must first dodge the 50-day SMA at $3.08, which has been a stubborn gatekeeper since last August. Not to mention hurdles at $3.40 and the all-too-charming $3.66 peak in July. It’s like hopscotch with a few landmines.
If XRPâs price falters, keep an eye on the support zones-between $2.68 and $2.48-because a fall below those might just turn this bull flag into a âOh no!â flag.
According to Crypto Pulse, XRP is âgearing up for its breakout to $5.â They say hold tight above the $2.75 low from August 3, or risk a trip back to $2.50-$2.60-like losing your keys in the sofa cushions, frustrating but salvageable.
âOverall, XRPâs still looking like itâs got some fight left, and the breakoutâs the next big thing to watch. Stay tuned-or donât. Itâs crypto, after all.â
Meanwhile, crypto folks are sweating and pacing, trying to keep the momentum going around $2.73 to keep their hopes alive. Otherwise, itâs a rerun of âWill It Or Wonât It.â
Spot XRP ETF: The Waiting Game That Feels Like Watching Paint Dry
The mighty SEC has its eyes set on the XRP ETF applications, with decisions looming in the coming months-by Oct. 18-25 for most, and the grand finale on Nov. 14 with Franklin Templetonâs proposal. Think of it as the crypto version of waiting for Santa, but with more paperwork and less milk and cookies.
With Rippleâs recent legal victory clarifying XRPâs non-security status, optimism is sky-high. About 11 proposals are under review-so many, theyâd make a stack of pancakes jealous.
Market gamblers are betting big-87% odds of ETF approval by New Yearâs Eve, up from 64% in August. Looks like the crypto world is throwing a party and everyoneâs invited.
Even Nate Geraci from the ETF Store is practically whispering âAlmost certainâ in your ear, while Bloomberg’s Eric Balchunas tips the approval probability at 95%. Why? Because regulatory clarity and the SECâs leadership are finally playing nice.
If the stars align, institutional investors might flood in, pushing XRPâs price toward $10, $20, or maybe-just maybe-even $50, if BlackRock decides to swing by and say hello. Keep your popcorn ready; this showâs just getting started. đż
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2025-09-03 14:57