XRP is still on the path to rise to $5 as long as this level is maintained.

XRP continues to show strong bullish signals in the medium term, with one cryptocurrency analyst predicting a significant move towards a new ATH. Despite the ongoing market volatility, this cryptocurrency continues to hold important levels, maintaining a bullish trajectory towards the target of 5 dollars. Elliott Wave outlines the price path for XRP to reach 5 dollars XForceGlobal, a certified Elliott Wave analyst, recently shared a medium term Elliott Wave analysis of XRP, focusing on its price action and wave structure. According to the analyst, XRP is still on a bullish trend, indicating strong potential for a move towards the target of $5.4. The price chart shows that XRP is in the final stage of a complex corrective pattern and is preparing to enter a strong bullish wave of the third wave. The current wave structure indicates that XRP is forming a "1-2 scenario", with the next Wave 3 expected to push its price significantly higher. XForceGlobal has outlined the Fibonacci Retracement zone between the range of $2.00 and $1.80 as a potential entry point, with price action indicating a recovery possibility near this area. The key price level to watch for XRP is the low in the area at $1.60, which serves as the most important support level that will determine the next move of the cryptocurrency.

This support level is due to the fact that if the price of XRP remains above this level, the bullish scenario is expected and its current structure remains intact. On the other hand, if the price drops below this level, the trend may shift to bearish, potentially invalidating the bullish outlook. With $1.60 acting as a strong support level, XForceGlobal predicts that XRP could soon surge past $3.20 and potentially reach $5.40 in the coming months. This would mark a new all-time high for XRP, an increase of 40.63% from the current ATH of $3.84. $2.18 is marked as an important breakout level for Altcoin. Sharing a similar bullish forecast, Bitcoin Benny, a cryptocurrency analyst, shared a technical analysis of XRP on the 1-hour timeframe to map its potential price trajectory. According to the analyst, XRP is showing signs of recovery after enduring a strong market correction at the end of April. This cryptocurrency has reached a significant high of around $2.3 but has undergone a sharp decline, reportedly bottoming out at around $2.125, where buyers quickly stepped in to stabilize the price. This support level has since held firm, with XRP currently consolidating just below this level. Marked on the right side of the chart, the analyst has identified the key resistance level at $2.18, labeling this level as a crucial breakout point. Assuming the altcoin can decisively break and close above $2.18. In that case, Bitcoin Benny predicts that it could trigger what he calls a "send season," which is a momentum-driven bullish phase that could push XRP to new levels potentially testing its previous high.