Home CryptocurrencyBitcoin The XRP classic pattern suggests a price rally up to $ 15

The XRP classic pattern suggests a price rally up to $ 15

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The price of XRP (XRP) increased by 3% in the last 24 hours, and 17% higher than its minimum of September 1, $ 2.69, to operate above $ 3 on Thursday. Market analysts said this position XRP to obtain more profits backed by several fundamental and technical factors.

XRP price analysis puts $ 5- $ 15 at stake

XRP Price Action has painted bull flag patterns in the weekly period that could result in a mass breakdown of up to $ 15.

The first is a smaller one that was formed in mid -June and was resolved earlier this week when the price broke above the upper limit of the flag at $ 3.

Related: Ripple vs. SEC: How demand strengthened XRP narrative

The measured objective for this pattern, the height of the flag added to the breakdown, is $ 5.80, a 46% increase from the current level.

Weekly XRP/USD. Source: Cointelegraph/Commercial view

“In the daily table, XRP is forming a bull flag, a continuation pattern that often indicates the next leg higher,” said analyst Crypto Pulse, pointing out the appearance of the pattern at the end of August, adding:

“$ XRP could be preparing for your next big break towards $ 5+”.

The second is a largest bull flag pattern that has been forming since November 2024, projecting an even higher goal for the Altcoin.

XRP confirmed the rupture in July in a rally that pushed the price towards maximum nine years above $ 3.66.

With the pattern still at stake, XRP Price could continue its upward trend towards the measured target of $ 15.80, 408% more than current levels.

Analyzing a fractal of a previous configuration, analyst Egrag Crypto said that a megaphone pattern in the five -day table went to $ 7.

“Based on fractal formation analysis, it suggests that in mid -November, #xRP could be around $ 6 to $ 7!”

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

Rex-Osprey ETF launch to boost the XRP price

Rex-OSPREY XRP ETF, $ XRPR, begins to quote on the US exchanges on Thursday, after approving the 75-day review period of the SEC without objections.

The Fund will be the first US ETF. UU. Spot XRP under full regulatory supervision, marking a turning point for XRP in conventional finance.

The product will be launched under the law of the Investment Company of 1940, which provides a simpler approval route than the 1933 Securities Law used for the approval process Spot Bitcoin ETF.

Unlike the products that directly have the underlying asset, this structure of the 1940 law allows the fund to automatically start 75 days after the presentation unless the SEC opposes.

This launch marks a fundamental moment for Altcoin, which is potentially opening the gates of institutional capital at XRP markets.

This “will be another good fire test for the ETF demand of the XRP ’33 law,” Etf Store president Nate Geraci, in a post X on Tuesday, said on Tuesday, added that the ETF XRP -based ETFs are already approaching $ 1 billion in assets.

In addition, Ripple’s last association with DBS Bank and Franklin Templeton to launch a tokenized money fund in the Book Mayor XRP is another factor that can boost the useful of the real world of XRP, the demand of the network and, ultimately, the price.

This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.

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