Ripple's XRP could hit $5.85 despite its volatile performance. Last week the crypto hit a peak of $2.87, sparking optimism among analysts.

As seen in the chart above, XRP opened trading at $2.1 on Wednesday. But since the Trump reference embedded in Ripple’s latest escrow transaction, XRP price has surged by 23% to hit the $2.5 level on Friday, overtaking Tether (USDT) as the third largest cryptocurrency project by market capitalization.

The crypto market is aiming for a rebound in early 2025 after a turbulent end to 2024. Ripple (XRP) is now making some waves in this environment. Its value is rising on the charts. Even some market analysts like XRP Whale have made a bullish price prediction for this altcoin.

Following the recently completed US election, Ripple (XRP) made headlines with a stunning 384% surge, which pushed its price from $0.53 to $2.92. The rally made several millionaires and caught others off-guard.

A breakout above the descending wedge pattern signals a potential bullish continuation for XRP. RSI momentum shifted strongly bullish, exiting oversold territory and indicating strengthening