‍XRP Eyes $5 Amid Bull Flag Pattern and Approaching ETF Decisions

XRP's price is showing potential for a significant surge, driven by a classic bull flag technical pattern and the upcoming decisions on spot XRP ETFs by the SEC.

A daily close above $3 could confirm the bull flag, targeting $5, a potential 77% increase. Key resistance levels include $3.08, $3.40, and $3.66, with support at $2.68-$2.48. Analyst Crypto Pulse emphasizes holding above $2.75.

SEC decisions on approximately 11 spot XRP ETF applications are expected between October 18 and November 14. Betting odds for approval by year-end are currently at 87%, with experts like Nate Geraci and Eric Balchunas estimating even higher probabilities due to regulatory clarity. Approval could attract substantial institutional capital, with some analysts predicting XRP prices of $10-$20 or even $50.

https://cryptovka.ru/en/news/4437/xrp-s-ascent-to-5-bull-flag-signals-spot-etf-reality-nears