XRP to $5? How a Ripple ETF Approval Could Send Shockwaves Through Crypto
The SEC’s stamp on a Ripple ETF could be the rocket fuel XRP needs—but don’t pop the champagne yet. Institutional money flooding in might just be the push required to smash through resistance levels, yet skeptics whisper ’too little, too late’ as Wall Street co-opts another crypto rebel.
Market mechanics 101: ETF inflows create buy-side pressure, liquidity deepens, and suddenly that $5 target looks less like hopium and more like a plausible swing high. Just remember—every ETF approval comes with fine print thicker than a banker’s bonus.
XRP price technical analysis: Can it hit $5?
The daily chart shows that XRP has recovered sharply in recent weeks, rallying from a low of $1.60 earlier this month to a current level of $2.355. Price has broken above the upper side of a falling wedge pattern, typically a bullish reversal signal.
The Relative Strength Index has continued rising and recently crossed above the neutral 50 level, signaling strengthening momentum. Additionally, XRP is now trading above both the 50-day and 100-day moving averages, reinforcing the bullish outlook.
Therefore, the coin will likely continue rising as bulls target the psychological resistance level at $3. A move above this threshold would invalidate the head-and-shoulders pattern outlined in blue on the chart.
Looking further ahead, XRP could surge past its year-to-date high of $3.40 following potential XRP ETF approvals. This could pave the way for a rally toward the next major psychological target at $5.
