XRP Surges 1.4% as Analysts Predict $5 by May

XRP, a cryptocurrency that has been struggling to maintain its value above the $2 mark in recent weeks, is poised for a significant surge according to one analyst. The analyst's outlook suggests that the current price action is just the beginning of a much larger upward trend, with the potential to surpass the $3 mark and reach much higher levels in the near future.

The $3 price level has become a critical point for XRP investors, serving as both a psychological and technical barrier. Earlier this year, the token briefly surpassed this level, coming close to its all-time high of $3.40, before experiencing a pullback due to selling pressure. Since then, XRP has seen price corrections that pushed it as low as $1.65. However, the outlook has once again turned bullish, with XRP rebounding above $2 and building a strong base to support another run toward $3. If the current momentum continues, reclaiming $3 is not only likely but could happen within a matter of weeks.

One of the most ambitious predictions comes from a trader known as BarriC, who has outlined a roadmap that extends far beyond the $3 threshold. In a recent post on a social media platform, BarriC forecasted that XRP, currently trading near $2.20, will soon break through the $3 mark. However, his outlook does not stop there. He predicted that by May, the sentiment surrounding XRP could shift so drastically that $5 would be seen as the new “cheap” price for XRP. According to the analyst's forecast, if the broader crypto market transitions into a full-blown altcoin season, XRP could establish a new short-term trading range between $10 and $20 within the next few months.

Perhaps the most striking part of BarriC’s analysis comes from what he describes as a “utility run.” This scenario involves XRP’s real-world use cases as a bridge cryptocurrency gaining adoption and reflecting in its price. Under such conditions, the term “cheap XRP” would apply to prices below $1,000. At the time of writing, XRP is trading at $2.14, up by 1.4% in the past 24 hours. As ultra-bullish as it might seem, the analyst’s price prediction isn’t surprising, as the cryptocurrency has been subjected to similar bullish outlooks in the past few days.

Beyond bullish price targets, a few analysts now believe that XRP will surpass both Ethereum and Bitcoin in the coming months. One such example is analyst Axel Rodd, who cited the breakdown in Bitcoin dominance as a reason why XRP will flip Bitcoin. Similarly, analysts recently predicted that the altcoin will surpass Ethereum in market cap by 2028.