Fun

XRP’s $5 Dream Ride Hinges On This One Chart Setup – Analyst

News Feed - 2025-05-23 10:05:53

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Ripple’s token XRP jumped to $2.44 Thursday, climbing 1.80% in under three hours. Traders who thought the rally was over got a surprise. Suddenly, talk of a fresh push above the $3.4 barrier is back in play. Related Reading Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift 3 days ago Golden Cross Signal


According to Dark Defender’s post on X, a golden cross formed on the weekly RSI back on November 4, 2024. That same signal came before a run from $0.5029 to $3.388. Some believe history could repeat itself this time. If traders follow the pattern, a move to $5.85 isn’t out of reach. XRP is currently trading at $2.44. Chart: TradingView XRP Price Moves


Based on on-chain data, XRP has bounced between $2.36 and $2.44 over the past day. Volume picked up as Bitcoin climbed. Right now, XRP sits at $2.445, up 0.83% in the last 24 hours. Breaking $3.33 would erase its 90-day slide of 5.62%. Clearing that level could clear the way for bigger 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’s New High


Last week, Bitcoin surged past $109,000—its highest mark ever. That jump has lifted many altcoins, and XRP is no exception. Another analyst pointed out that Bitcoin rose from $27k to $74k over about two years, while XRP could match that rise in a much shorter span. It’s a bold claim, but the timing does feel ripe. Dark Defender’s XRP analysis on X. ETF Approval Odds


Based on prediction by Polymarket, there’s an 83% chance the SEC will approve an XRP ETF. Big names like Bitwise and Grayscale have filings in play. If those get the green light, institutional flows could pour in. Some US-listed leveraged XRP futures already trade heavily, showing strong demand. Source: Polymarket Whales And Wider Trends


Whale wallets keep accumulating XRP, adding to the buzz. Every time large holders buy, prices tend to spike. At the same time, broader market mood matters. If Bitcoin pulls back, altcoins often follow. But right now, the tide seems to be turning in XRP’s favor. Related Reading Buy Bitcoin, Ditch The Banks Before It’s Too Late—Kiyosaki 3 days ago What Comes Next


A break above $3.4 would set a new cycle high. Hitting $5.80 would mean doubling today’s price. It won’t be easy. Traders will watch RSI, moving averages, and whale activity closely. Regulatory news on the ETF front will be crucial. For now, XRP bulls have reasons to cheer—but they’ll need patience too.


Featured image from Unsplash, chart from TradingView

News Feed

MVRV Ratio Reveals Bitcoin’s Market Position Amid Short-Term Selling Pressure
Este artículo también está disponible en español. Bitcoin (BTC) has shown a swift recovery, climbing back above $95,000 after experiencing a notable dip below this level
Binance saw $1.2B of inflows in one of biggest trading days of 2024, says CEO
Brayden Lindrea6 hours agoBinance saw $1.2B of inflows in one of biggest trading days of 2024, says CEOBybit, Crypto.com and OKX’s net asset inflows have also increased by $301.4 million, $107.8 million and $97.7 milli
Smart Advertising Token SaTT Reveals ProBit as Next Exchange Listing
Smart Advertising Token SaTT Reveals ProBit as Next Exchange ListingSingapore, September 23, 2020– Against the predominantly dim and drab ICO backdrop, smart advertising token
Telegram Responds to SEC: Gram Tokens Are Not Securities
Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC). The messaging platform filed a response to the securities regulator Wednesday, writing that the S
Turner Wright5 hours agoTornado Cash co-founder pleads not guilty to all charges: ReportRoman Storm, facing charges related to Tornado Cash allegedly facilitating money laundering, has been free on bail following his arr
How long will Bitcoin’s price consolidation last?
Zoltan Vardai6 hours agoHow long will Bitcoin’s price consolidation last?Some crypto analysts expect Bitcoin’s price consolidation to end based on technical chart patterns and falling exchange reserves.2247 Total vie
Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition
Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition Gocrypto enables businesses with physical or online stores to accept instant crypto pa
Changpeng Zhao could serve time in the same facility as ‘crypto-anarchist’ Jim Bell
Turner Wright2 hours agoChangpeng Zhao could serve time in the same facility as ‘crypto-anarchist’ Jim BellAn expert in U.S. federal prisons suggested that the former Binance CEO, if sentenced to incarceration, could
Real-world data for blockchain apps: Gora joins Cointelegraph Accelerator
Cointelegraph Accelerator11 hours agoReal-world data for blockchain apps: Gora joins Cointelegraph AcceleratorGora, a decentralized blockchain oracle network that enables developers to use off-chain data in their DApps,
Is Bitcoin Price Doomed For $93K? Technical Indicators Paint A Bearish Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests
Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now
Ex-Florida congressman joins Coinbase Global Advisory Council
Turner Wright2 hours agoEx-Florida congressman joins Coinbase Global Advisory CouncilStephanie Murphy, Tim Ryan, and Pat Toomey — all former U.S. lawmakers — are on the council advising Coinbase on regulatory matters