Usman Salis
XRP has been making some serious moves lately, and the crypto community is buzzing with excitement. After breaking through several important price barriers, the digital asset is now sitting pretty at levels that have many traders wondering if we're about to see another major leg up. With technical patterns aligning and sentiment running high, all eyes are on whether XRP can make that push toward the coveted $5 mark.
XRP Price Action: Building Momentum Toward $5
XRP has been putting on quite a show recently, smashing through resistance at $2.90 and $3.40 before settling around $3.65. This pattern of consistently hitting new highs tells us the momentum is definitely there, and now everyone's watching to see if $5.00 is within reach.
Crypto trader @Steph_iscrypto has been keeping a close eye on XRP's price action and thinks the setup looks pretty bullish. His analysis suggests we're still in an upward trend, and if the buyers keep showing up, we could see that $5.00 level tested much sooner than people think.
XRP Technical Indicators: RSI Leaves Room to Run
The technical side of things is looking pretty solid too. The RSI is sitting at 62.39, which means XRP isn't even close to being overbought yet. There's still plenty of room for the price to climb before hitting those danger zones around 70 that usually signal a pullback.
Sure, there's a bit of bearish divergence showing up on the RSI compared to earlier peaks, but most analysts aren't too worried about it. This kind of thing is pretty normal when an asset is taking a breather during a bigger upward move. As long as XRP keeps holding above that $3.40 support level, the odds of hitting $5.00 are looking pretty good.
Usman Salis
