XRP price surge and ETF launches indicate potential growth

XRP prices have risen sharply, up 3% in the past 24 hours and up 17% since the low of $2.69 on September 1, and are currently trading above $3. This upward trend is supported by fundamental and technical factors, indicating further rise in the future. Analysts pointed out that a bull market flag appeared on the weekly chart, indicating that the price could break through to $15. The smaller flag pattern formed in mid-June and was resolved when XRP broke through the $3 mark with a target price of $5.8. Meanwhile, the larger bull market flag pattern formed since November 2024 shows that XRP has a higher target price of $15.8, up 408% from current levels. Analyst Egrag Crypto also noted that a megaphone pattern appeared on the five-day chart, with prices expected to reach $7 by mid-November. The launch of the REX-Osprey XRP ETF is another major advance in XRP. The ETF is trading with the code $XRPR and begins trading on U.S. exchanges after the end of the SEC’s 75-day review period (no objection). This is the first spot XRP ETF in the United States to be fully regulated, marking a new milestone for XRP in mainstream finance. The ETF's architecture follows the 1940 Investment Companies Act, and the approval process is smoother than the Securities Act of 1933. Nate Geraci, president of ETF Store, pointed out that the launch of this ETF may attract a large amount of institutional capital to the XRP market, and he mentioned that the asset size of futures-based XRP ETFs is close to US$1 billion. In addition, Ripple, in partnership with DBS Bank and Franklin Templeton, will launch a tokenized money market fund on the XRP ledger, which is expected to enhance the utility and network demand of XRP in the real world. The plan involves the establishment of a repo market powered by tokenized collateral and stablecoins, which may further drive the price of XRP. Together, these developments show that XRP has a bright future, but investors are advised to conduct their own research and consider the inherent risks involved in trading and investment decisions.