Ripple XRP Primed for a $5.50 Breakout—Here’s the Timeline

XRP bulls are loading up as Ripple’s legal clarity fuels a potential moonshot. Forget slow burns—this could be a straight shot to $5.50.

Why now? The SEC’s chokehold loosened, and institutional money’s creeping back in. (Funny how Wall Street loves crypto once it’s scrubbed clean.)

Key levels to watch: A clean break above $1.20 opens the floodgates. After that? It’s a liquidity grab straight to the $5.50 target—where the 2018 bagholders finally break even.

Timeline: If Bitcoin holds its rally, XRP could hit escape velocity by Q1 2026. Unless, of course, another 'unexpected' regulatory tantrum derails everything. Welcome to crypto.

In his accompanying note, Hov stresses that the last rise from the $1.58 level has only formed three waves to date, leaving room for “one more small low on the micro before it’s all said and done,” while adding, “I don’t think it takes out the 1.58 low” and that, because of the wick, “we’re likely to see a truncation on this move.” Continuing in their analysis, Hov suggests that should XRP return to a weekly close at $2.90, it can open the floodgates to $5 and even $5.50.

CoinCodex analysts anticipate XRP’s price to consolidate around current levels for the coming two weeks before rising again. The platform predicts XRP to hit $2.64 on Nov. 25, and then dip to $2.3 once again in early December. Hitting $2.64 from current price levels will entail a rally of about 11.8%. Furthermore, there is also a possibility that the US SEC will approve one or more XRP ETFs over the coming weeks. An ETF approval could lead to a surge in investor sentiment and institutional inflows. Such a development could lead to XRP reclaiming the $3 mark.