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

The US Government Holds Over 214,000 Bitcoin, Fed’s Stash Equates to More Than 1% of BTC’s Supply
The US Government Holds Over 214,000 Bitcoin, Fed"s Stash Equates to More Than 1% of BTC"s Supply United States law enforcement officials announced on Monday that the U.S. Departme
Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says ‘I Wouldn’t Touch Crypto in a Million Years’
Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says "I Wouldn"t Touch Crypto in a Million Years" The host of Mad Money, Jim Cramer, says he would not touch crypto in a million y
Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules
Brazilian Government Preparing New Decree to Clarify Cryptocurrency Rules The Brazilian government is preparing to release a decree to fill the blank spaces that the recent approva
Bitcoin could top $100K but only if ‘high-yield rate’ falls below 7% — Analyst
Ciaran Lyons2 hours agoBitcoin could top $100K but only if ‘high-yield rate’ falls below 7% — AnalystBitcoin needs the high yield rate to fall as low as 6% to reach a “sustainable all-time high,” says crypto an
Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark
Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark The value of the crypto market has started to slide again after a bullish run-up over the last seven
Ray Salmond10 hours agoWeb3 advocate and author Alex Tapscott on the future of blockchain mass adoptionAlex Tapscott says Web3 offers “a set of tools” that can be used to “build new business models, to create new k
Another ‘Sleeping Bitcoin’ Block Reward from 2010 Was Caught Waking Up After Ten Years
Another "Sleeping Bitcoin" Block Reward from 2010 Was Caught Waking Up After Ten Years Another 2010 block reward was spent on Wednesday morning (ET) adding to th
Republican supported by crypto Super PAC loses Arizona primary
Turner Wright4 hours agoRepublican supported by crypto Super PAC loses Arizona primaryDefend American Jobs used roughly $600,000 in a media buy for Republican Blake Masters, just one of three Arizona candidates crypto PA
Bitpanda Raises $263 Million in Series C Finance Round, Firm Aims to ‘Double Down on Technology’
Bitpanda Raises $263 Million in Series C Finance Round, Firm Aims to "Double Down on Technology" Vienna-based crypto platform Bitpanda has announced the firm has
President of Central Bank of Brazil Disagrees With ‘Heavy Hand’ Regulations for Cryptocurrencies
President of Central Bank of Brazil Disagrees With "Heavy Hand" Regulations for Cryptocurrencies The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the
Bitcoin Closes Daily Price Below 50MA – Final Bearish Signal?
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
Crypto Investor Sues Apple Over Malicious App That Stole Cryptocurrencies
Crypto Investor Sues Apple Over Malicious App That Stole Cryptocurrencies A crypto investor has filed a class-action lawsuit against Apple Inc. after she downloaded a malicious app