XRP is among the beneficiaries of the current bull run, with the token finally breaking above the $1 mark, sparking interest in how far the rally can go.
Generally, XRP has rallied in anticipation of cryptocurrency-friendly policies under the incoming administration of Donald Trump, who has expressed support for the digital asset space.
Now, with XRP surging past $1, one key resistance level to watch is the $5 mark.
To assess when XRP might reach this level, Finbold consulted OpenAI’s ChatGPT-4o for insights. The AI platform highlighted several elements likely influencing the token’s path to $5.
Topping the list is regulatory clarity, especially regarding the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC). Notably, as it stands, there is minimal likelihood that XRP will be declared security—a factor that had previously contributed to the token’s compressed price movement.
Other factors ChatGPT highlighted include increased XRP adoption, the continuation of the global crypto bull run, and market speculation.
To this end, the AI tool noted that XRP could hit $5 within the next 12 to 18 months—by late 2025 or early 2026 if these factors align.
XRP’s possible path to $2
Currently, XRP needs to convincingly surpass the $2 mark, a price target that some analysts believe is achievable based on technical indicators.
For instance, trading expert CrediBULL Crypto, in a post on X on November 22, noted that XRP’s monthly Relative Strength Index (RSI) is about to enter the overbought territory for the first time in three years, signaling strong bullish momentum.
Contrary to popular belief, the analyst emphasized that a rising RSI indicates increasing strength, not weakness, as long as no bearish divergence is present.
“Contrary to popular belief, the higher RSI goes the stronger momentum is and the more bullish a coin is (absent bear divs) and like every other form of TA the higher the TF this is on the more significant it is. Next target is $2 and after that we go for new ATH,” he said.
As reported by Finbold, another analyst, Dark Defender, pointed out that XRP shows potential to reach $5.85, referencing the token’s classic five-wave Elliott Wave pattern.
Besides benefiting from the general market bull run, XRP has seen further upside after it emerged that SEC Gary Gensler plans to exit the regulator in January 2025.
XRP appears well-established above the $1 support zone, which remains crucial for the asset to achieve new highs. With the next short-term target at $2, breaking the $1.5 resistance is now the primary challenge.
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