XRP’s $5 Dream Ride Hinges On This One Chart Setup – Analyst
Ripple’s token XRP jumped to $2.44 Thursday, climbing 1.80% in beneath three hours. Merchants who thought the rally was over bought a shock. All of the sudden, discuss of a recent push above the $3.4 barrier is again in play.
Golden Cross Sign
In keeping with Darkish Defender’s publish on X, a golden cross fashioned on the weekly RSI again on November 4, 2024. That very same sign got here earlier than a run from $0.5029 to $3.388. Some consider historical past might repeat itself this time. If merchants observe the pattern, a transfer to $5.85 isn’t out of attain.
XRP Value Strikes
Based mostly on on-chain information, XRP has bounced between $2.36 and $2.44 over the previous day. Quantity picked up as Bitcoin climbed. Proper now, XRP sits at $2.445, up 0.83% within the final 24 hours. Breaking $3.33 would erase its 90-day slide of 5.62%. Clearing that stage might clear the best way for larger positive factors.
On 4 November, #XRP had a Golden Cross Sign on weekly RSI.
We warned in October.
In the present day, XRP RSI has produced the identical sign after 200 days!
XRP is focusing on $3.33 within the brief time period, and is anticipated to fireside the bullet, which is able to then probably flatten itself towards the $5.85… pic.twitter.com/SthErQvaJE
— Darkish Defender (@DefendDark) May 22, 2025
Bitcoin’s New Excessive
Final week, Bitcoin surged previous $109,000—its highest mark ever. That leap has lifted many altcoins, and XRP isn’t any exception. One other analyst identified that Bitcoin rose from $27k to $74k over about two years, whereas XRP might match that rise in a a lot shorter span. It’s a daring declare, however the timing does really feel ripe.
ETF Approval Odds
Based mostly on prediction by Polymarket, there’s an 83% likelihood the SEC will approve an XRP ETF. Massive names like Bitwise and Grayscale have filings in play. If these get the inexperienced gentle, institutional flows might pour in. Some US-listed leveraged XRP futures already commerce closely, displaying sturdy demand.
Whales And Wider Tendencies
Whale wallets hold accumulating XRP, including to the excitement. Each time giant holders purchase, costs are inclined to spike. On the similar time, broader market temper issues. If Bitcoin pulls again, altcoins usually observe. However proper now, the tide appears to be delivering XRP’s favor.
What Comes Subsequent
A break above $3.4 would set a brand new cycle excessive. Hitting $5.80 would imply doubling at present’s value. It received’t be simple. Merchants will watch RSI, shifting averages, and whale exercise intently. Regulatory information on the ETF entrance will likely be essential. For now, XRP bulls have causes to cheer—however they’ll want endurance too.
Featured picture from Unsplash, chart from TradingView
