Why XRP Is Going Up Today? Market Hints at $5 Ripple Price Prediction

One of the most watched altcoins is soaring again today — but is this just the beginning of something much bigger? While the recent dip triggered panic across the market, Ripple's rapid rebound is now flipping the narrative.

Why XRP is going up today may not just be a reaction to price movement—it could be the smart money positioning before a major breakout.

Why XRP Is Going Up Today: Breaking Down the Surprise Pump

After falling to $2.68 earlier today, its price bounced back above crucial levels, and momentum is rising fast. It is now trading around $2.72, nearing its all time high of $3k.

So, why is it pumping now?

The answer lies in three key factors:

• The earlier dip was a technical correction, not a trend reversal.

• Strong whale buying and Binance outflows continue with over 9k addresses withdrawing.

• Upcoming catalysts are building renewed confidence in the asset.

Today’s rally is being labeled as a healthy bounce, not just a reactionary spike—and it’s fueling new XRP price prediction models for a breakout towards $5 .

Technical Analysis: Short-Term Dip, Long-Term Strength

Looking at the TradingView chart , the recent drop to $2.68 was met with strong buying pressure, confirming it as a solid support level.

The MACD remains bullish, and the RSI has cooled down from overbought levels, offering room for further upside.

• Current Support: $2.60 defended successfully

• Key Resistance: $2.85 the next breakout point

What’s Next for XRP Today? Price Prediction

With today’s rebound, short-term traders and long-term holders alike are eyeing the $5 price target. If price action sustains above $2.85 with volume confirmation:

• Short-Term Target: $3.25

• Mid-Term (August): $3.80 – $4.20

• Long-Term (Q4 2025): $5+ if bullish sentiment and catalysts hold

Even top crypto analyst Ali charts shared a chart on X, while stating: When you zoom out on the chart , it's hard not to go all in. A weekly close above $3 could set the stage for a rally to $6 or even higher!

Ripple SEC Case & ProShares ETF: Triggers Behind the Rally

This sudden price surge isn’t happening in isolation—fundamental catalysts are driving momentum.

1. In the latest crypto news today, multiple legal experts suggest the SEC could officially drop its appeal soon, which would grant Ripple a clean legal slate.
   

2. The upcoming ProShares XRP ETF is generating buzz . If successful, it could introduce massive institutional capital and mainstream visibility for this altcoin.

Conclusion: Healthy Correction Turns Into a Bullish Comeback

The recent dip wasn’t the end—it was a setup for a bigger Price breakout to $5. With a strong rebound already underway, today’s momentum shows this is more than a dead-cat bounce.

As traders ask Why XRP is going up today, all the pieces are falling into place. This could be the move everyone was waiting for. Keep an eye on the charts and always do your own research before making any financial decision in cryptocurrency market—the next breakout might just surprise everyone.