After a $1 billion crypto market liquidation wave caused XRP to plummet to its lowest point of the week, analysts believe the dip presents an opportunity for a potential breakout towards $5. Despite a volatile session that saw prices plunge, large holders quietly accumulated at key support levels, suggesting a potential bullish reversal. An analyst highlights a bullish flag pattern on the daily chart, which could indicate significant upside movement, while XRP’s resilience in the face of market volatility suggests momentum may be building. Analysts point to Ripple CTO David Schwartz’s recent comments about the XRP Ledger’s growing institutional utility as evidence of this potential upward trend. Despite short-term challenges posed by the broader market sell-off triggered by the Fed’s upcoming policy signals, this recovery shows a remarkable strength in XRP’s ability to hold its ground at crucial price levels. The question now remains: can XRP break out and reach $5 before macroeconomic headwinds intensify?