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Cryptocurrency News Articles

XRP eyes $5.86 as wave 5 kicks off, and the charts aren't bluffing

May 17, 2025 at 03:47 pm

After months of slow bleed and uncertainty, XRP finally broke free, blasting above $2.36 and ending a stubborn three-month downtrend.

XRP eyes $5.86 as wave 5 kicks off, and the charts aren't bluffing

When XRP smashed through a three-month downtrend with a decisive move above $2.36, veteran traders knew something had shifted. No more lower highs.

No more hesitation. Just clean, bullish momentum and a technical structure screaming Wave 5. According to Elliott Wave analysts, that final push could send XRP soaring to $5.86.

But here’s the twist: while XRP charges ahead with billions in volume and regulatory clarity finally on its side, a lesser-known token dubbed “XRP 2.0” is quietly gathering steam. It’s faster. It’s lighter. And if XRP’s Wave 5 projection plays out, this underdog could deliver outsized returns, up to 2,500%, according to early adopters tracing the same pattern.

The story unfolding now isn’t just about XRP reclaiming its place in the top three. It’s about whether this next-gen remittance coin can ride the same wave and maybe even outpace it.

XRP eyes $5.86 as wave 5 kicks off, and the charts aren’t bluffing

After months of slow bleed and uncertainty, XRP finally broke free, blasting above $2.36 and ending a stubborn three-month downtrend. For traders who’ve been following the charts closely, this wasn’t just a lucky bounce. It was a textbook signal. A clean break above resistance, supported by spiking volume and firm footing at $1.79. Suddenly, XRP wasn’t just another altcoin. It was a setup.

Source: JackTheRipple

Enter Elliott Wave theory, a method used by analysts to map market psychology through wave patterns. According to seasoned chart watchers like Dark Defender, XRP is now entering Wave 5 of its current cycle. And if this wave unfolds like previous cycles, the target is bold: $5.86.

Wave 1 took the XRP price from $0.50 to $2.30. Wave 2 corrected. Wave 3 launched near $3.70. Wave 4 brought it back to $2.10. Now, Wave 5 is forming, with a projected climb driven by market sentiment and historical Fibonacci levels. RSI indicators are beginning to turn bullish again, just like they did before previous rallies.

In this context, $5.86 isn’t hype, it’s a calculated outcome. And with structural support holding and momentum building, XRP’s next leg could be its most powerful yet. The charts, it seems, are finally ready to tell a new story.

Why XRP’s breakout could send ‘xrp 2.0’ Remittix soaring by 2500%

While XRP pushes toward $5.86, a quiet contender is building the rails for what comes next. Enter Remittix, dubbed by early adopters as “XRP 2.0” and not just for its mission, but for how it’s executing it. If XRP’s rally signals a renewed appetite for crypto-powered payments, Remittix could be the real beneficiary, with upside potential that makes 2500% gains a real possibility.

Source: Remittix

Why? Because Remittix isn’t just making crypto payments fast, it’s making them invisible. Its hybrid model lets users convert 50+ cryptocurrencies into over 30 fiat currencies and send funds directly to any bank account. The recipient? They never need to know it came from crypto. No wire fees, no FX traps, just a flat, transparent fee.

For businesses, it’s a dream stack. Remittix Pay API enables merchants to accept crypto and get settled in fiat seamlessly. Cross-border payroll? Covered. Automated smart contracts for conditions-based payments? Already in testing.

And users aren’t left behind. The sleek dApp interface supports wallet or card-based token purchases, while tiered allocations adjust to live demand. Everything’s built on Ethereum, ensuring DeFi-level flexibility with TradFi-level ease. If XRP proves the use case, Remittix is the upgrade, rewiring the payment layer with smoother UX, more coverage and unstoppable compliance.

Conclusion: Remittix rises as XRP ignites Wave 5

As XRP sets its sights on $5.86 with bullish momentum and clear technical signals, Remittix is positioning itself as the faster, smarter evolution, termed by some as XRP 2.0. With over 534 million RTX tokens sold and 87% of its presale already snapped up, momentum is evident.

Priced at just $0.0757, Remittix has already raised over $15 million, and early adopters are seeing potential for 2,500% upside. If XRP manages to spearhead a rally, Remittix might emerge as

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