XRP’s $5 Push Begins with Bulls Targeting $10 Milestone

Overview:

• XRP trades near $2.94 with bullish momentum fueled by XRP Ledger activity and ETF optimism.

• Approval of XRP ETFs could accelerate the push toward $5 and potentially $10.

• Remittix’s rapid growth highlights rising competition in the cross-border payments space.

XRP’s price is currently around $2.94, showing a small intraday decline of about 0.03%. During the same session, the price reached as high as $3.12, hinting at the market’s volatility. The $3.00 support level is important, as it is helping the token hold ground despite fluctuations. 

Recently, XRP experienced a strong rally of about 8.6%, which pushed the price toward $3.10 before a slight pullback. One of the key drivers of this surge was a significant spike in activity on the XRP Ledger. Settlement volumes jumped by 500%, suggesting that institutional demand is strengthening. These movements indicate that investors are beginning to look at XRP as more than just a speculative asset.

Catalysts Behind the Momentum

Another factor supporting XRP’s rally is the rising optimism around exchange-traded funds (ETFs). Major asset managers, including Bitwise, CoinShares, and 21Shares, have filed amendments for spot XRP ETFs. 

There are also reports that BlackRock may be considering an iShares XRP Trust, which, if approved, could lead to large-scale institutional investment. This interest is quite similar to the momentum seen with Bitcoin and Ethereum ETFs, which brought billions of dollars into the crypto sector.

Beyond ETFs, the conclusion of Ripple’s long-running legal battle with the US Securities and Exchange Commission (SEC) is also giving investors confidence. The end of this case removes one of the largest uncertainties that had been holding XRP back for years. 

With that legal proceedings out of the way, the asset is now having a clearer regulatory status with improved standing in the eyes of both retail and institutional investors.

Technical Analysis and Price Levels

From a technical perspective, XRP is showing signs of strength. Analysts believe that if the token can reclaim and hold above the $3.25 level, it could move toward the next major milestone of $5. Once that threshold is broken, the pathway toward $10 becomes more realistic.

Currently, the price structure remains bullish as long as the cryptocurrency holds above $3.05. In the short term, targets between $3.55 and $3.65 are being discussed. Technical analysts are also applying Elliott Wave theory to XRP, with some suggesting that the ongoing rally could represent the final wave of the current cycle. 

According to these projections, the crypto coin could first climb to $7, lifting its market capitalization to nearly $415 billion. If momentum continues and the price reaches $10, the market cap would expand to approximately $600 billion.

Also Read: Dogecoin and XRP Falling Fast: When Will They Hit Bottom?

Optimism From Macroeconomic Signals

The broader financial sector is also contributing to XRP’s momentum. At the recent Jackson Hole Economic Symposium, Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, triggering optimism in global markets and boosting cryptocurrencies. 

In response, XRP gained 6.4%, while Bitcoin and Ethereum also recorded significant jumps. Lower rates tend to increase liquidity in financial markets, which usually benefits speculative and growth assets.

Additionally, proposed legislation such as the Clarity Act in the United States is being viewed as a positive development. The bill aims to provide more certainty around digital asset regulations. Observers believe XRP, along with Ethereum and Solana, is better positioned to benefit from this clarity compared to tokens with less established ecosystems.

XRP Price Prediction: Bearish Concerns and Risks

Despite the growing optimism, not everyone agrees that XRP will continue its upward trend without resistance. Some analysts point out similarities between the current rally and previous cycle peaks in 2017 and 2021. In both those years, the altcoin saw dramatic surges followed by equally dramatic corrections. Profit-taking by traders could lead to pullbacks of 20% or more, a risk that is now being openly discussed.

In fact, certain forecasts for 2025 have already been adjusted downward. Instead of expecting a strong move toward $5 in the near term, some projections suggest XRP may only trade in the range of $3.04 to $3.49 for the rest of the year. Another warning sign came recently when the price fell to $3.45, breaking through a support level and suggesting that bearish momentum could accelerate if buying pressure weakens.

Competition From New Projects

XRP is also facing fresh competition in the payments and remittance space. A rising project called Remittix (RTX) has been drawing attention as a PayFi-focused altcoin. Priced at just under $1 (around $0.0969 currently), Remittix has already raised more than $20 million in funding. 

Its ecosystem includes crypto-to-fiat withdrawals, low transaction fees, and a wallet beta that is preparing for launch. With exchange listings expected soon, RTX could begin attracting investors who might otherwise be looking at XRP. While XRP maintains a significant first-mover advantage in cross-border payments, emerging competitors highlight the fact that innovation in this sector is accelerating.

Also Read: Is XRP About to Break Its All-Time High Record?

Roadmap to $10

The journey from $3 to $10 is likely to be gradual and shaped by several factors. In the immediate future, holding above the $3.25 to $3.30 zone will be essential. A breakout above that range could send XRP toward $3.65 and then closer to $5.

In the medium term, continued institutional adoption, along with the positive outcome of the SEC case, could help the crypto coin stretch toward $7. Long-term scenarios, possibly unfolding by late 2025 or beyond, suggest that if on-chain utility grows and demand from large investors remains strong, XRP could eventually touch the $10 milestone.

However, this roadmap comes with potential obstacles. Regulatory surprises, macroeconomic shocks, or even overextension in the market could cause temporary setbacks. Competition from fast-growing projects like Remittix also means XRP cannot afford to remain static in its innovation and adoption strategy.

Final Thoughts

XRP’s recent surge has led to discussions about its price reaching $5 and eventually $10. With support near $3, ETF applications are gaining traction, and the legal trouble with the SEC is finally over; the fundamentals look stronger than they have in years. Institutional interest and macroeconomic tailwinds are further boosting optimism.

However, market history shows that rallies can quickly be followed by sharp corrections. While the long-term vision of XRP reaching double-digit pricing is not speculative anymore, the way forward will depend on technical resilience, continued growth in adoption, and favorable external conditions.

The current narrative is one of cautious optimism: a coin that has seen years of uncertainty is once again on the rise, with bulls keeping their eyes firmly set on the $10 milestone.