Crypto Surges Again: Is XRP’s $5 Breakout Imminent?

Markets shrug off regulatory fatigue as digital assets rally—XRP leads the charge with bullish momentum. Traders whisper about a potential $5 target, defying skeptics who still think ’utility token’ is an oxymoron.

Key drivers? Institutional inflows, a weakening dollar, and that classic crypto combo of hopium and FOMO. Meanwhile, Wall Street bankers clutch their pearls—and their soon-to-be-obsolete spreadsheets.

Could this be the run that finally silences the ’XRP is dead’ crowd? The charts scream yes. The SEC’s lawsuit file screams... something less coherent.

— John Squire (@TheCryptoSquire) May 8, 2025

Additionally, as the dollar slides, XRP rises, as do other risk assets.

An 8% drop in USD strength has tilted the playing field toward assets that do more than sit idle. XRP  is pulling in capital that’s fleeing fiat and chasing function.

XRP: Technical Analysis Points to Further Upside

In the past few weeks, Ripple also acquired Hidden Road, a brokerage that clears $10 billion in daily trades.

Chart analysis also reinforces the bullish outlook. XRP recently broke above a descending channel and reclaimed critical support at $2.28. Indicators such as the Relative Strength Index (RSI) at 62.03 and a bullish Moving Average Convergence Divergence (MACD) signal strengthening momentum.

If momentum continues, XRP is eyeing resistance at $2.72, with a possible breakout toward $3.40—a new yearly high.

But Optimism has its risks. Regulatory risk, economic turbulence, and the complexity of onboarding Ripple’s latest acquisition could stall the rally. Still, the use case is real, and the milestones are stacking.

Key Takeaways

• XRP has been ripping through resistance, up 27% on the month and now brushing $2.40.
• Momentum is building fast, fueled by legal tailwinds, exchange flows, and a wave of retail enthusiasm. Here’s where the XRP price is heading next. 
• For now, the debate about XRP’s place in America’s financial future is just beginning.