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XRP Aims for $5: What Do the Charts and ETF Odds Say?
XRP is on the radar of technical traders. The daily chart shows a bullish flag pattern, which sounds odd but basically means that after a strong rise, the price is consolidating before the next explosion.
The Numbers that Matter
Key resistances:
Supports to watch:
The objective: If it breaks $3.00, XRP could skyrocket to $5, a jump of 77% from here.
The ETF Factor: The Really Important Thing
This is where it gets juicy. The SEC has decisions on 11 proposals for XRP spot ETFs between October 18 and November 14 (, the one from Franklin Templeton closes on November 14 ).
Prediction markets say: 87% chance of approval before the end of the year (up from 64% in August). Eric Balchunas, senior analyst at Bloomberg, sees it at 95%. Reason? Ripple won its legal battle in 2024 —XRP is clearly not a security—, and now there are changes in the SEC that favor regulatory clarity.
The Bullish Scenario
If the ETF is approved, massive institutional capital will enter. The numbers circulating: $10-$20 as a target, and if giants like BlackRock enter, some are talking about even higher figures.
The reality: XRP needs to break $3.00 on daily charts + ETF approval = perfect storm. Without breaking that resistance, plans are frozen. With both catalysts aligned, 2025 could be different.
Note: This is not investment advice. Research before trading.