XRP is wrapping inside a classic bull flag while a new US ETF product is preparing to launch, two signals that could push prices towards the $1.80 region.
The XRP bull flag is pointing at $1.80
XRP appears to be consolidating within a bullish flag pattern on the daily chart after its sharp recovery from the capitulation wick in February near $1.10.
The structure shows a downward sloping channel forming between around the $1.25 support and $1.45 resistance, indicating a controlled pullback following the token’s impulsive recovery move.
Bull flags often appear during strong trends when the market pauses before continuing to rise. In the case of XRP, the flag formed after a vertical bounce, suggesting that traders may simply be absorbing gains rather than reversing the trend.
A break above the upper flag trend line near $1.45 would confirm a continued bullish setup. The measured move – calculated by adding the high of the previous rally to the breakout point – places the upside target around $1.75-$1.80, roughly 30% above current levels.
Momentum indicators support the consolidation hypothesis. The Relative Strength Index (RSI) is holding near the mid-40s, indicating that selling pressure has slowed as buyers are slowly regaining momentum.
However, the setting remains conditional. A break below the lower border of the flag near $1.25 would invalidate the bullish pattern and expose XRP to deeper downside risks.
The new XRP ETF expands investor access
Meanwhile, a new investment product may soon expand institutional and brokerage exposure to XRP.
the Kurv XRP Enhanced Income Foundation Its launch is edging closer after an updated prospectus was filed with the US Securities and Exchange Commission earlier this month. Unlike traditional cryptocurrency ETFs that simply track spot prices, the Kurv fund aims to generate income while maintaining exposure to XRP.
Instead of holding large amounts of spot XRP directly, the ETF plans to gain exposure through derivatives and exchange-traded products tied to XRP. The strategy may involve synthetic long positions combined with options trades such as covered calls, options, spreads, and collars.
These option income strategies allow the Fund to collect premiums while continuing to participate in XRP price movements. The ETF may also route a portion of its exposure through a wholly-owned Cayman Islands subsidiary, a structure typically used to manage tax and derivatives exposure.
If the ETF launches as expected, it will offer another regulated investment vehicle for XRP in the US, potentially improving access for traditional brokerage investors.
However, income-focused options strategies can sometimes go bullish during strong rallies, meaning the fund may not fully track XRP’s gains compared to a spot ETF.
For now, XRP’s technical setup remains the dominant catalyst. If the bull flag holds higher, the ETF narrative could simply add fuel to a move towards the $1.80 region.
