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.

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.

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