XRP strongly breaks through 3 dollars! Analyst: If it holds the key support, the next target may head straight for 4.5 dollars.

Ripple (XRP) reported at $3.04 on September 12, rising 6% over the past 7 days. Multiple market analysts pointed out that under the multiple supports of on-chain capital inflow, a recovery in the derivation market, and technical pattern breakthroughs, XRP's next reasonable target may aim for $4.5.

Institutional funds flow back, XRP investment products attract capital

(Source: CoinShares)

According to CoinShares data, as of the week of September 5, XRP investment products recorded a net inflow of $14.7 million, bringing the total inflow for the year to $1.4 billion.

In comparison, Bitcoin, Solana (SOL), and Sui recorded net inflows of $524 million, $16.1 million, and $600,000 respectively, while Ethereum (ETH) saw an outflow of $912 million, indicating that some funds are shifting from ETH to XRP.

Analysts believe that the expectation of the approval of the US XRP ETF is an important driving force for attracting institutional capital in the recent period.

Derivation market bullish signals strengthen

(Source: CoinGlass)

Derivation data also supports a bullish perspective:

Open Interest (OI): Increased by 11% in 7 days, rising from $7.4 billion to $8.3 billion, with a 4% increase in just the last 24 hours.

Financing rate: it has remained positive since August 1 and has steadily increased over the past 10 days, indicating that bullish sentiment prevails.

This means that trader participation is increasing, and they are betting that the price of XRP will continue to rise.

Technical breakthrough, $4.5 becomes Fibonacci target

(Source: Trading View)

Since mid-July, XRP has formed a symmetrical triangle consolidation on the daily chart and broke through the upper boundary ($2.95) closing on Monday this week.

Analyst CasiTrades: After breaking through $3, attention should be paid to the resistance levels at $3.08 and $3.27; if broken, the Fibonacci extension target points to $4.50.

Multi-year high resistance: $3.66 may become the first significant testing area after the rebound.

Key Price Levels and Upward Rhythm for Short-term Trading

(Source: Trading View)

Analyst Egrag Crypto: As long as the support at 2.97 dollars holds, the target of the ascending triangle on the 4-hour chart is 3.12 dollars, with the potential to extend to 3.4 dollars.

Key trigger point: A decisive closing price above $3 will pave the way for a rise to $3.15 and $3.4.

Some more aggressive analysts even believe that according to Elliott Wave Theory, this cycle XRP is expected to hit 20 dollars.

Conclusion

The current multiple bullish factors for XRP—institutional capital inflows, a bullish derivatives market, and technical pattern breakthroughs—are building a solid foundation for the bulls. If it can hold the support in the 2.97–3 USD range and break through the 3.27 USD resistance, 4.5 USD will become a reasonable medium-term target, while the multi-year high of 3.66 USD is a necessary path.