XRP Price Prediction: XRP Eyes $5 Breakout as Raoul Pal and Analysts Signal Bullish Surge Ahead

XRP continues to draw bullish attention from analysts and crypto veterans, with multiple forecasts now pointing to a potential rally toward the $5 mark.

Despite recent market volatility, XRP has maintained stability above $2.30, with technical and institutional factors aligning to support further upward movement.

XRP Holds Steady as Chart Patterns Suggest Major Upside

As of today, the XRP price hovers near $2.37, reflecting a 0.31% correction over the last 24 hours. While the broader crypto market remains mixed, XRP’s performance is gaining attention for its resilience. Notably, respected analyst EGRAG CRYPTO has highlighted $2.61 and $2.65 as key short-term resistance levels that, once cleared, could unlock a fresh wave of bullish momentum.

According to EGRAG CRYPTO, key resistance levels are crucial markers in the optimistic forecast for XRP’s upward momentum. Source: EGRAG CRYPTO via X

EGRAG’s analysis emphasizes a cautiously optimistic outlook. The MACD indicator is tilting bullish, with its line above the signal line, while the Relative Strength Index (RSI) remains neutral at around 51.79. This suggests XRP is consolidating in preparation for a breakout rather than overheating from excessive gains.

Recent projections identify $2.61 and $2.65 as key resistance levels for XRP. Source: EGRAG CRYPTO via X

In his analysis, EGRAG also presented a broader, long-term framework dubbed the “Bermuda Triangle,” projecting a price target of $27 for XRP. This complex model incorporates various support and resistance zones like the Atlas Line, Red Lake, and Blue Ocean, each representing key turning points in XRP’s price journey.

Raoul Pal Turns Bullish, Forecasts XRP at $5

Adding weight to the bullish sentiment is macro investor and Real Vision co-founder Raoul Pal, who has reversed his earlier skepticism about XRP. In a recent YouTube update, Pal remarked that XRP’s chart is “one to behold,” with a bullish flag pattern indicating another leg higher in the coming months.

Raoul Pal’s analysis video projects a potential XRP price target of $5. Source: Austin Hilton via X

Pal pointed to XRP’s current consolidation phase following a parabolic rally to the $2 range, suggesting that the next breakout could push the Ripple price as high as $5. “XRP still has room to rally,” he said, describing its setup as primed for a strong upward move.

Pal’s forecast comes in the wake of new institutional products such as CME’s XRP and Micro XRP futures, which are seen as significant steps toward mainstream adoption. These futures not only offer professional traders more exposure but also pave the way for a potential Spot XRP ETF, which some believe could send prices soaring.

Analysts Highlight Key Levels and Corrective Phases

Short-term corrections are still on the table, however. Crypto analyst Ali Martinez warned that XRP could revisit the $2.00 mark if it fails to hold the $2.30 support level. Similarly, CasiTrades noted that XRP’s inability to stay above $2.60 may trigger a temporary dip before any sustained rally resumes.

XRP could rapidly surge toward $3 amid growing institutional interest and positive market developments. Source: KyleKinnaird on TradingView

Adding to the outlook, analyst Dark Defender explained that XRP has entered a corrective Wave 2 pattern, where it is currently navigating the B Wave. Once this phase concludes, he believes XRP could advance to $3.33, which serves as a significant resistance zone.

He identified $2.2222 and $2.3502 as crucial support levels and noted that the journey to a new all-time high (ATH) is “closer than anyone can think.”

Broader Context: Ripple News and Institutional Momentum

Behind XRP’s price action is a web of broader developments in Ripple crypto and legal affairs. The ongoing XRP lawsuit with the SEC remains a central theme in the token’s valuation. Any positive XRP lawsuit update, especially one resolving the long-standing SEC-Ripple battle, could serve as a massive catalyst.

XRP was trading at around $2.37 at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Ripple’s relationship with banks, including hints of Ripple Bank of America partnerships, also confirms its long-term usefulness argument. The XRP Ledger’s speed, fee charges, and versatility across the Ripple exchange platforms cement the XRP token as a viable choice for cross-border payments and tokenization applications.

According to some experts, this blend of technical momentum, institutional expansion, and evolving regulatory clarity could redefine XRP value in the coming months.

Final Thoughts: A Defining Moment for XRP?

The latest XRP news points to a confluence of bullish indicators. While resistance near $2.65 remains a hurdle, analysts agree that breaking above it could fast-track a rally toward $3.33, and possibly even $5. Long-term projections like EGRAG’s $27 target may appear distant, but if XRP navigates its legal and market challenges successfully, such figures may no longer be far-fetched.

With both short-term gains and long-term vision aligning, XRP stands at a potentially pivotal juncture—one that investors and traders alike are watching closely.