Analyst: XRP Set to Reach $5 as Uptrend Holds Despite Pullback
Analyst STEPH IS CRYPTO argues XRP remains in a healthy uptrend and could reach $5 if current structure holds. The article highlights a modest short-term pullback from about $2.12 to $2.09 but notes price is still trading above higher-timeframe supports and prior consolidation zones that flipped to support. The analyst emphasizes market structure (higher lows and defended support) over short-term noise, framing the retracement as a reset that allows stronger hands to accumulate. The $5 level is described as a psychological target that requires confirmation through price action and volume expansion; the projected move would likely include volatility and consolidation en route. Traders are reminded this is opinion, not financial advice, and should conduct their own research.
Bullish
The article presents a technically bullish case: XRP is maintaining higher lows, trading above key higher-timeframe supports, and recent retracement is characterized as a normal reset within a continuing uptrend. For traders, that suggests accumulation opportunities on dips and a scenario where a break above resistance with rising volume could trigger momentum-driven buying toward psychological targets such as $5. Historically, similar analyst narratives and structural support holds have preceded renewed rallies (e.g., altcoin rebounds after consolidations in 2021–2022), but confirmations—higher volume, sustained closes above resistance, and preserved higher lows—are required. Short-term impact: increased trader confidence could reduce selling pressure and encourage buy-the-dip behavior, potentially raising volatility as positions rebuild. Long-term impact: if structure remains intact and fundamentals/sentiment align, the move toward $5 becomes plausible; if support levels fail, expectations should be reassessed and the bias could flip. Risk remains due to macro liquidity, broader crypto market trends, and news-driven events.