XRP’s $5 Dream Ride Hinges On This One Chart Setup | XRP News
Ripple’s token XRP jumped to $2.44 Thursday, climbing 1.80% in below three hours. Traders who thought the rally was over obtained a shock. Suddenly, speak of a recent push above the $3.4 barrier is back in play.
Golden Cross Signal
According to Dark Defender’s post on X, a golden cross fashioned on the weekly RSI back on November 4, 2024. That similar signal got here earlier than a run from $0.5029 to $3.388. Some consider historical past might repeat itself this time. If merchants comply with the sample, a transfer to $5.85 isn’t out of attain.
XRP Price Moves
Based on on-chain knowledge, XRP has bounced between $2.36 and $2.44 over the previous day. Volume picked up as Bitcoin climbed. Right 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 Signal on weekly RSI.
We warned in October.
Today, XRP RSI has produced the identical signal after 200 days!
XRP is concentrating on $3.33 within the short time period, and is anticipated to fire the bullet, which can then seemingly flatten itself in opposition to the $5.85… pic.twitter.com/SthErQvaJE
— Dark Defender (@DefendDark) May 22, 2025
Bitcoin’s New High
Last week, Bitcoin surged previous $109,000—its highest mark ever. That leap has lifted many altcoins, and XRP is no exception. Another 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 on prediction by Polymarket, there’s an 83% probability the SEC will approve an XRP ETF. Big 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, exhibiting robust demand.
Whales And Wider Trends
Whale wallets keep accumulating XRP, including to the excitement. Every time massive holders buy, costs are inclined to spike. At the identical time, broader market temper issues. If Bitcoin pulls back, altcoins usually comply with. But proper now, the tide appears to be handing over XRP’s favor.
What Comes Next
A break above $3.4 would set a new cycle high. Hitting $5.80 would imply doubling in the present day’s price. It gained’t be straightforward. Traders will watch RSI, transferring averages, and whale exercise intently. Regulatory information on the ETF entrance will probably be essential. For now, XRP bulls have causes to cheer—however they’ll need endurance too.
Featured image from Unsplash, chart from TradingView
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