• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Technical Analysis of XRP: Approaching $5

user avatar

by Giorgi Kostiuk

2 days ago

Amid recent analysis by CryptoSensei, the XRP community discusses the potential for significant price growth to $5.

Technical Setup: Wedge Pattern

The chart presented by CryptoSensei highlights a descending wedge that has been forming over the past months. Such a pattern indicates exhaustion in selling pressure and can precede upward movements when supported by increased trading volume.

Current Market Position and Price Levels

As of the report time, XRP is trading at $2.84, leaving about 76% to reach the $5 target. Technical analysts point to $3.10 as the nearest resistance level.

ETF Developments and Legal Issues

Recent ETF applications submitted by several asset managers reinforce the positive technical outlook. Additionally, the resolution of Ripple's legal battles with the SEC opens new opportunities for institutional acceptance of assets in the US market.

XRP is at a critical juncture, where upcoming ETF decisions and legal clarifications may influence the potential to reach a price of $5. However, it is important to consider market volatility and the necessity of confirmation signals before making trading decisions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Ripple-Finastra Collaboration Links Banks to Ripple and SWIFT Networks

chest

Ripple integrates with Finastra, providing access to 11,000 banks, but trust and governance issues persist.

user avatarGiorgi Kostiuk

USDC Surpasses $72.48 Billion Milestone After Circle's IPO

chest

USDC supply has risen to $72.48 billion, with transaction volumes reaching $5.9 trillion in Q2 2025.

user avatarGiorgi Kostiuk

Token6900: Uniswap Launch Impact and Market Implications

chest

Token6900's launch on Uniswap leads to a sharp 37% price drop following a successful $3.6 million presale.

user avatarGiorgi Kostiuk

Phishing Scams Cause $12 Million Loss: What's Happening in the Crypto Industry?

chest

Phishing scams in August 2025 cost cryptocurrency users $12 million, marking a 72% increase from the previous month.

user avatarGiorgi Kostiuk

Updates on Faraday Future's Crypto Strategy at Futurist Day

chest

Faraday Future announces aggressive $5-10 billion cryptocurrency purchase plan during events on September 19.

user avatarGiorgi Kostiuk

Circle Reports $2 Billion Increase in USDC Circulation

chest

USDC circulation has surged by $2 billion, highlighting growing interest in stablecoins and their role in financial markets.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.