XRP Bulls Charge Toward $5 Target as Breakout Gains Momentum

XRP's rally is heating up as traders lock onto the $5 price target—a level that could redefine the asset's 2025 trajectory.

Key breakout levels smashed. The sixth-largest cryptocurrency by market cap has surged past critical resistance points, flipping them into support faster than a Wall Street analyst changes their price prediction.

Market structure suggests this isn't just another dead cat bounce. The current setup mirrors historical patterns that preceded XRP's previous parabolic runs—back when institutional investors still pretended to care about 'fundamentals.'

Watch the $1.20 level. A clean hold above this zone could trigger the next leg up toward $3, with the ultimate $5 target coming into play if Bitcoin doesn't decide to crash the party first.

Meanwhile, the SEC continues its losing streak against Ripple—because nothing says 'market protection' like spending $200 million in taxpayer money to lose a case you never had.

XRP keeps long-term $5 target alive

XRP’s bullish outlook remains intact, even as short-term price action cools from the rapid gains seen in July. After climbing from the $2.40 range to nearly $3.60, the asset is now consolidating around $3.20. Importantly, XRP is still trading above key moving averages, a sign that its broader uptrend is holding firm.

On the technical side, XRP is facing resistance in the $3.35 to $3.40 range, formed by a descending trendline from late July highs. A successful breakout above this level could pave the way for another attempt at $3.60 — a crucial threshold before challenging the $4.00 psychological barrier and setting sights on the long-term $5 objective.

Support for XRP is currently anchored at the 20-day EMA NEAR $3.05 and the 50-day EMA at $2.79. These levels are viewed as accumulation zones by long-term investors, offering a safety net should the market experience short-term pullbacks.

While the journey toward $5 is unlikely to be immediate, the combination of positive sentiment in the broader crypto space, increased adoption in payment systems, and solid fundamentals could act as tailwinds. For now, the path forward depends heavily on reclaiming and holding the $3.60 zone.

Shiba Inu’s head-and-shoulders formation raises caution

Shiba Inu’s price action is showing signs of a potential head-and-shoulders pattern, a setup often associated with trend reversals. Currently trading around $0.00001338, SHIB is struggling to break above a descending trendline that has been in place since late July.

The pattern appears to have formed with a left shoulder in early July, a head near $0.00001550 in mid-July, and a possible right shoulder emerging from the recent recovery attempt from the $0.00001200 zone. Key resistance lies near the 200-day EMA at $0.00001428 and the $0.00001450 mark.

If SHIB fails to hold above the neckline range between $0.00001200 and $0.00001220, selling pressure could intensify, potentially driving the price toward $0.00001150 or even the major support level at $0.00001000. However, the bearish scenario is not yet confirmed. A decisive MOVE above the 200-day EMA and $0.00001450 could invalidate the pattern and open the door for a move toward $0.00001550, with the possibility of retesting the $0.00002000 psychological barrier.

Market momentum for SHIB remains neutral, with the RSI hovering near 53. This suggests traders are waiting for a clear breakout or breakdown before committing strongly in either direction. Trading volume remains lower than the peaks seen in July, signaling a cautious stance among participants.

Bitcoin stuck below $120K as momentum stalls

Bitcoin’s price remains trapped just below the $120,000 mark, a level that has proven to be a major barrier for bullish momentum. Recent attempts to push past $118,130 have been met with selling pressure, keeping the market in what analysts describe as “deep waters.”

From a psychological and technical standpoint, $120,000 is both a symbolic milestone and a zone of historical rejection. If Bitcoin fails to overcome this resistance, the uptrend that began in early May — which saw prices rise from around $95,000 to July’s highs — could lose steam.

The 20-day EMA, currently near $115,964, is providing immediate support, with the 50-day EMA at $113,934 acting as a secondary cushion. A drop below these levels could send BTC toward the 100-day EMA or $108,377, potentially triggering a deeper corrective phase.

Trading volume during recent resistance tests has been relatively low, suggesting buyer hesitation at current prices. The RSI is at 57, indicating neither overbought nor oversold conditions, and pointing to a balanced but uncertain market.

If bitcoin cannot secure a strong break and daily close above $120,000 soon, the risk of prolonged sideways movement or a sharper retracement grows. Such an outcome could delay any push toward new all-time highs and weigh on short-term sentiment across the crypto market.

Market outlook

The current state of the crypto market presents a mix of optimism and caution. XRP’s structure suggests room for further growth if key resistance levels are broken. SHIB is at a technical crossroads, with a decisive move likely to set the tone for its next major trend. Bitcoin’s battle with the $120,000 resistance remains the most closely watched development, as its resolution will have ripple effects across the broader market.

For traders and investors, the weeks ahead could be defined by how these assets handle their respective technical challenges. A breakout in one or more of these major cryptocurrencies could help restore confidence and drive the next wave of momentum. Conversely, failure to overcome critical resistance zones could keep markets subdued until fresh catalysts emerge.