XRP Price Surges to $2.44 as Analysts Eye Potential $5 Target
Ripple's token XRP has risen to $2.44, up 1.80%. A renewed discussion around surpassing the $3.4 resistance level is gaining traction.
Golden Cross Signal
A golden cross formed on the weekly RSI on November 4, 2024. This signal previously preceded a price increase from $0.5029 to $3.388. Predictions suggest a potential move towards $5.85 if the pattern holds.
XRP Price Movements
- XRP fluctuated between $2.36 and $2.44 over the past day.
- Current price is $2.445, a 0.83% increase in the last 24 hours.
- Breaking $3.33 would end a 90-day decline of 5.62% and may lead to further gains.
On 4 November, #XRP had a Golden Cross Signal on weekly RSI.
We warned in October.
Today, XRP RSI has produced the same signal after 200 days!
XRP is targeting $3.33 in the short term, and is expected to fire the bullet, which will then likely flatten itself against the $5.85… pic.twitter.com/SthErQvaJE
— Dark Defender (@DefendDark) May 22, 2025
Bitcoin Surge
Bitcoin recently surpassed $109,000, its all-time high, positively impacting many altcoins including XRP. Analysts suggest XRP could see rapid growth similar to Bitcoin's previous rise from $27k to $74k.
ETF Approval Odds
- There's an 83% chance that the SEC will approve an XRP ETF, according to Polymarket.
- Institutional interest may surge if major filings by Bitwise and Grayscale are approved.
- US-listed leveraged XRP futures indicate strong demand.
Market Trends
Whale wallets are accumulating XRP, contributing to bullish sentiment. Market dynamics suggest that while Bitcoin's fluctuations can affect altcoins, current trends favor XRP.
Next Steps
Surpassing $3.4 would establish a new cycle high. Reaching $5.80 would mean a significant price increase. Traders are monitoring RSI, moving averages, and whale activity closely, alongside regulatory developments regarding ETFs.