Top analysts suggest that XRP could reach $5 if it successfully breaks through a crucial resistance level. This optimism comes as Ripple gains momentum, and the community watches closely to see if it can overcome its current stagnation.

Could XRP Skyrocket to $5?

Recently, XRP has been fluctuating between $3 and $3.10, sparking debates among investors about whether the cryptocurrency is losing momentum.

However, analyst Dark Defender remains bullish, emphasizing that XRP is nearing the completion of its ABC Corrective Wave on the daily chart. According to his prediction, breaking past $3.11 could open the door to Fibonacci levels, with an initial target of $5.85, followed by a potential rise to $18.22.

If XRP successfully surpasses this critical level, we could witness a significant price surge within the next 24 hours.

Key Support Levels to Watch If XRP Declines

Despite optimistic forecasts, investors are closely monitoring XRP to see if it might face a temporary decline.

Analyst Rose Premium Signals has highlighted the possibility of a short-term correction but also noted that such a pullback could present a buying opportunity.

Whale activity in the XRP market has been strong, with large investors recently accumulating 120 million tokens, indicating continued confidence in the asset's future.

According to experts, the $2.7 level is a critical support zone. If XRP holds above this threshold, it is likely to climb to $4 and later to $5, aligning with Dark Defender's expectations.

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What’s Next for XRP?

Analysts emphasize that XRP must surpass $3.11 to maintain its upward trajectory. However, if a correction occurs, holding above $2.7 will be essential to trigger a potential rebound toward $5.

Currently, XRP has seen a 0.8% increase, trading around $3.11. Over the past 24 hours, it has fluctuated between $3.13 and $2.98, indicating significant market volatility.

A positive catalyst for XRP is Ripple securing money transmitter licenses in New York and Texas, which could boost investor confidence. Additionally, some analysts predict that XRP could surpass Ethereum in the future, securing the second spot by market capitalization.

All these factors suggest that XRP has strong growth potential ahead—if it can maintain key support levels and capitalize on the current bullish sentiment. 🚀

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