XRP Price Prediction Suggests Potential Surge to $5 Amid Key Resistance Levels

Market analyst Egrag Crypto has made a bullish prediction for XRP, suggesting it could rise to approximately $5, contingent on overcoming resistance levels. Currently, XRP trades at $2.12, reflecting a 3.99% gain in the last day.

Key Resistance Levels for XRP Rally

XRP must reclaim the $2.24 level, aligning with the 21-day exponential moving average, for an uptrend.
A daily close above $2.30 would reinforce bullish momentum as it represents the Fib. 0.382 retracement zone.
The next significant resistance is at $2.47 (Fib. 0.5); breaking this could enhance uptrend potential.
A close above $2.70, coinciding with the golden ratio (Fib. 0.618), is crucial for signaling a major rally.
If successful, XRP could potentially reach $5.00, indicating a 133% increase from current levels.

XRP's current market cap stands at $123.06 billion, making it the fourth largest cryptocurrency. Despite recent gains, it remains below its 100-day simple moving average, indicating bearish pressure. The Relative Strength Index (RSI) at 42.69 suggests potential for further growth before a reversal.