Can XRP price climb above $5? Technical and fundamental signs to watch

XRP has moved back into the spotlight in September after trading at lows earlier in the month, giving way to renewed strength.

The cryptocurrency crossed the $3 mark on Thursday, gaining 3% in the past 24 hours and rising 17% above its 1 September low of $2.69.

The advance comes at a time when both technical and fundamental drivers are aligning.

A new exchange-traded fund, fresh partnerships between Ripple and traditional financial institutions, and bullish chart structures are being closely watched as XRP consolidates its position in the wider digital asset market.

Source: CoinMarketCap

XRP bull flag formations project higher levels

Chart analysts have been tracking two distinct bull flag formations that have shaped XRP’s trajectory in recent months.

A smaller flag, which developed in June, resolved earlier this week when the token moved above $3, setting a measured target of $5.80.

On the daily timeframe, a continuation flag appeared in late August, reinforcing expectations of a breakout towards the $5 area.

A longer-term flag, which began to form in November 2024, remains in play.

This structure was confirmed in July when XRP climbed to nine-year highs at $3.66.

If completed, it could project an advance toward $15.80, representing more than four times current prices.

Fractal analysis has also been brought into focus.

Analyst Egrag Crypto highlighted a megaphone formation on the five-day chart that indicated the potential for XRP to reach the $6 to $7 range by mid-November.

XRP ETF begins trading on US exchanges

Thursday marked a significant milestone as the REX-Osprey XRP ETF, trading under ticker $XRPR is expected to launch on US exchanges.

The fund cleared its 75-day review by the Securities and Exchange Commission without objections, making it the first US spot ETF for XRP under direct regulatory oversight, following the conclusion of the SEC-Ripple lawsuit last month.

The structure of the ETF follows the Investment Company Act of 1940, which provides an automatic launch path after 75 days unless regulators intervene.

This framework differs from the Securities Act of 1933, used for Bitcoin ETFs, and gives XRP a unique advantage in terms of regulatory entry.

Nate Geraci, president of ETF Store, posted on X that this will be a "litmus test" for demand in spot products, pointing to the fact that futures-based XRP ETFs are already nearing $1 billion in assets.

Market analysts continue to point to the combined effect of bullish chart patterns and institutional recognition as reasons XRP could sustain its momentum.

With new technical structures in play and regulated products now trading in the US, XRP is positioned at the centre of renewed interest from traders and investors.