XRP posted a 3.8% increase over the past 24 hours, reaching $1.43. The digital asset also recorded a 4.2% advance on a weekly basis, capturing trader attention as it tests key resistance levels and forms multiple bullish technical patterns near crucial support areas.
Technical analysis points to bullish breakout
The latest price action comes despite turbulence in traditional markets. US equities lost approximately $350 billion today as oil prices jumped to three-month highs. Still, participants within the cryptocurrency sector remain largely optimistic, with the Crypto Fear and Greed Index now sitting at 72 and signaling persistent “greed” sentiment among investors following the August rally.
Technical analyst Ali Charts identified a descending triangle pattern on XRP’s hourly chart and emphasized that an hourly close above $1.40 could prompt further upward momentum toward $1.46. Ali stated that confirmation of this breakout would be a significant positive signal for short-term traders monitoring resistance levels.
On social media, Ali Charts cited a descending triangle on XRP’s hourly chart and noted that a confirmed close above $1.40 may lead to a rally targeting $1.46.
Trader Dark Defender provided a separate perspective, identifying a bull flag structure on XRP’s price chart. According to this view, a breakout and successful retest have already occurred, and the next projected upside for XRP stands at $1.8815.
Bull flag targets $2.10 with breakout above $1.50
On the daily chart, XRP has developed a traditional bull flag setup following its push higher in late August. Technical specialists often view the bull flag as a sign that recent gains are entering a consolidation stage before a new uptrend. For this bullish scenario to materialize, XRP would need to decisively move above $1.50, which marks the flag’s upper boundary.
If such a breakout takes place, price projections based on the flagpole’s height indicate a target at $2.10. This level represents a potential 48% rise from current prices. The bull flag’s downward slope, according to analysts, reflects a phase of consolidation and profit-taking rather than weakness, with the next directional move likely determined by whether resistance gives way.
The bull flag structure points to a possible upside to $2.10, a 48% climb if the upper resistance at $1.50 is broken, as outlined by technical chartists.
On-chain activity and ETF flows signal heightened interest
Data from Santiment shows that active XRP Ledger wallet addresses surged in late August, though the count has since eased. Historically, a crossover of the 7-day and 30-day moving averages for active addresses tends to precede significant price moves in either direction, reflecting increased blockchain activity and trader engagement.
XRP-focused exchange-traded funds attracted $13 million in net capital inflows in early September, averaging $3.3 million per day. If this trend persists, monthly inflows could approach $60 million, signaling robust, if slightly decreased, institutional interest compared to previous periods.
As the technical landscape evolves, the emergence of prominent patterns such as the contracting triangle and bullish flag has increased the importance of closely monitoring market developments. Meanwhile, a major transition is unfolding as investors move beyond traditional brokers: Wall Street participants have begun adopting Web3 solutions that enable direct ownership of US company shares, gold, and silver through platforms like 1stepSwap. By tokenizing real-world assets and automatically offering the best market rates, these platforms aim to eliminate intermediaries and streamline access for crypto investors.
Ripple CEO Brad Garlinghouse continues to support legislative initiatives such as the CLARITY Act, designed to provide legal certainty for digital assets. The upcoming Federal Reserve interest rate decision, scheduled for September 16, remains a key event, with the probability of a policy rate hike currently estimated at 60% by market observers.
The previously identified $1.80 price target for XRP remains intact, with the $1.50 level serving as the primary threshold for near-term breakout confirmation.
