XRP (XRP) targets a rebound of US$2.10, and alignment of technical forms indicates a breakthrough

Core highlights

The bullish flag pattern suggests a target price of US$2.10

The blockchain indicator predicts significant price fluctuations in the future

XRP is currently trading at US$1.43, up 3.8% intraday and up 4.2% weekly. Technical analyst Ali Charts views $1.40 as a key resistance level and a breakthrough could push prices to $1.46. Crypto trader Dark Defender pointed out that XRP has formed a bullish flag shape with an upside forecast target of $1.8815. The daily chart shows a bullish flag-shaped structure, implying a potential gain of 48%, with a target price of $2.10. XRP exchange-traded funds (ETFs) recorded net capital inflows of $13 million in early September.

XRP has surged 3.8% in the past 24 hours to reach a trading day price of $1.43. The digital asset also rose 4.2% over the week as market participants looked at favorable technical patterns emerging near key support areas.

This upward trend continues despite broader market headwinds. About US$350 billion was wiped off U.S. stocks today as crude oil prices hit their highest level in three months. However, cryptocurrency market sentiment remains optimistic. The Crypto Fear and Greed Index currently records at 72, indicating that investors are still in "greedy" mode despite the recent correction following price increases at the end of August.

Technical analyst Ali Charts highlighted the declining triangle pattern that appears on the XRP hourly chart. He said in a social media update on Platform X (formerly Twitter) that they were watching whether the hourly candle line closed above the $1.40 threshold, noting that a verified breakthrough could catalyze upward momentum towards $1.46.

$XRP seems to form a descending triangle on the hourly chart.

I am watching whether the hourly closing price is above $1.40. If confirmed, a breakthrough could trigger a rally towards $1.46.

At the same time, well-known trader Dark Defender provides additional perspective, highlighting the bullish flag configuration on the XRP price chart. Dark Defender pointed out that the breakthrough and subsequent backtesting had already occurred, with the next upside target set at $1.8815.

The bullish flag pattern suggests a target price of US$2.10

Looking at the daily time frame, XRP developed a classic bullish flag structure after strong price gains at the end of August. This technical form, as a continuation form, usually indicates that the previous upward trend is preparing to resume.

#XRP, in a bullish flag.

You can see breakthroughs and backtests.

Next is 1.8815. (Non-financial advice, just my personal opinion)

The flag structure slopes downward, which technical experts interpret as a consolidation phase driven by profit-taking by early entry traders. To verify this bullish setting, there must be a decisive move beyond the $1.50 area (representing the upper boundary of the flag).

If this breakthrough is achieved, a price target of $2.10 is established through measured movement calculated from the height of the flagpole. This forecast shows an impressive 48% appreciation potential relative to current valuations.

Blockchain indicators predict significant price fluctuations in the future

Sanitation's blockchain analysis showed that active wallet addresses on XRP Ledger experienced a significant surge at the end of August and then fell again. The intersection of the 7-day and 30-day moving averages of active addresses has historically served as a harbinger of large two-way price fluctuations.

XRP exchange-traded fund products opened in early September with a net inflow of US$13 million, with a daily average of US$3.3 million. If this momentum continues, monthly inflows could reach $60 million to $70 million, but that would still be more than 50% lower than last month.

Ripple CEO Brad Garlinghouse continues to advocate for the CLARITY Act, legislation aimed at establishing a comprehensive regulatory framework for digital assets. The Federal Reserve is scheduled to announce its interest rate decision on September 16, and the market currently expects a 60% probability of raising interest rates.

The previous XRP price forecast for $1.80 is still valid, and the $1.50 breakthrough threshold represents a key level that traders need to focus on in the short term.