XRP’s price trajectory has come under renewed focus as technical analysts identify a potential bull flag pattern suggesting a possible breakout toward $5, should key resistance levels be breached. The pattern, observed on the daily chart, implies consolidation following a sharp price rise, with the upper trendline currently at $3. A confirmation of the pattern requires a daily candlestick close above this level, which would clear the way for a move toward the $5 target. Analysts emphasize that overcoming the 50-day simple moving average at $3.08 and the multi-year high of $3.66 will be critical next steps for sustained momentum.

The broader context for XRP’s price action includes a rapidly approaching decision timeline for U.S. spot exchange-traded fund (ETF) applications, with key deadlines set between Oct. 18 and Nov. 14. The U.S. Securities and Exchange Commission (SEC) is reviewing approximately 11 XRP ETF proposals, a significant development for the token, particularly after Ripple’s 2024 legal victory clarified XRP’s non-security status. Market participants are increasingly optimistic, with approval probabilities on Polymarket rising from 64% in early August to 87% currently. Nate Geraci, a prominent figure in the ETF space, has suggested the likelihood of approval is closer to 100%, while Bloomberg’s Eric Balchunas estimates a 95% chance, citing the SEC’s recent regulatory clarity.

Should the XRP ETFs be approved, it is expected to attract substantial institutional investment and significantly boost demand for the token. Historical performance of Bitcoin and Ethereum ETFs, which have seen inflows of over $54 billion and $13 billion, respectively, provides a benchmark for potential XRP ETF success. Steven McClurg of Canary Capital has even predicted $5 billion in inflows for XRP ETFs within the first 30 days, a figure that exceeds the initial performance of Bitcoin ETFs.

The anticipated institutional adoption of XRP is not speculative but supported by the token’s current utility in cross-border payments. Financial institutions have long used XRP to facilitate fast and low-cost international transfers, distinguishing it from purely speculative assets. This real-world integration is viewed by experts as a key factor in positioning XRP as a reliable option for long-term exposure.

In parallel with XRP’s developments, other cryptocurrencies such as Solana and PEPE are also experiencing momentum as they align with broader ETF speculation. The growing regulatory acceptance and the success of existing crypto ETFs have created an environment where more tokens are being considered for similar products. This trend suggests that the market may soon see a broader range of crypto assets being included in institutional portfolios.

As the XRP ETF decision draws closer, investors and analysts are closely monitoring both technical indicators and regulatory developments. A successful approval could mark a significant milestone for XRP and the broader crypto market, reinforcing the potential for institutional adoption and sustained price appreciation.

Source: [1] Classic XRP price chart pattern targets $5 as spot ETF reality draws closer (https://cointelegraph.com/news/classic-xrp-price-chart-pattern-5-spot-etf-reality-draws-closer)

[2] What’s next for XRP price as ETF approval chances hit 87%? (https://crypto.news/whats-next-for-xrp-price-as-etf-approval-chances-hit-87/) [3] How High Will XRP’s Price Go if All Ripple ETFs Are Approved in 2025? 3 AIs Give Big Predictions (https://cryptopotato.com/how-high-will-xrps-price-go-if-all-ripple-etfs-are-approved-in-2025-3-ais-give-big-predictions/) [4] XRP Latest News; Pi Network Price Prediction; PEPE Coin Updates & Top Investment This Month – Remittix (https://captainaltcoin.com/xrp-latest-news-pi-network-price-prediction-pepe-coin-updates-top-investment-this-month-remittix/) [5] XRP ETF Launch Is On The Horizon: Experts Share Their Expectations (https://bitcoinist.com/xrp-etf-launch-expectations/)