XRP is back in focus this September after bouncing from earlier lows. The token crossed the 3 dollar mark on Thursday, up 3 percent in the past 24 hours and 17 percent above its 1 September low of 2.69 dollars, according to CoinMarketCap.

The recovery comes as both technical patterns and real-world catalysts line up in XRP’s favour. A new spot ETF, fresh partnerships for Ripple, and strong chart formations are all drawing attention to the asset.

Analysts have identified multiple bull flag setups. A smaller one from June resolved this week when XRP broke above 3 dollars, projecting a potential move toward 5.80 dollars. On the daily chart, a continuation flag from late August also signals a breakout toward the 5 dollar level.

A longer-term flag, which started forming in November 2024, remains active. It was confirmed in July when XRP touched nine-year highs of 3.66 dollars. If the pattern plays out fully, it could point to a rally as high as 15.80 dollars — more than four times current prices.

Fractal analysis is also in focus. Analyst Egrag Crypto highlighted a megaphone setup on the five-day chart, suggesting XRP could hit the 6 to 7 dollar range by mid-November.

XRP ETF goes live in the US

Thursday also marked the launch of the REX-Osprey XRP ETF, trading under the ticker $XRPR, on US exchanges. This is the first US spot ETF for XRP, following the SEC’s clearance after the Ripple lawsuit ended last month.

The ETF is launching under the Investment Company Act of 1940, which allows an automatic debut after 75 days unless regulators step in. This structure differs from the Securities Act of 1933 used for Bitcoin ETFs, giving XRP a unique regulatory path.

ETF Store president Nate Geraci called the fund a “litmus test” for demand, noting that futures-based XRP ETFs are already close to 1 billion dollars in assets.

With bullish chart structures, new institutional products, and clearer regulatory backing, XRP now finds itself at the centre of renewed market interest. Analysts say the mix of technical and fundamental strength could keep momentum alive in the coming months.