Ripple Founder’s Salary Proposal Boosts $5 XRP Price Target as SEC Delays on ETF Verdict

Despite US SEC’s decisoin to delay a spot XRP ETF, the price managed to retake $2.3 on Wednesday. US This decision is likely to catalyze a pullback if the crypto market loses bullish momentum. Can Ripple CEO, Brad Garlinhouse’ latest product proposal spur more gains in the days ahead?

XRP price holds $2.00 support despite SEC delaying altcoin ETF decisions

XRP has maintained its footing above the $2.00 mark this week, even as the U.S. Securities and Exchange Commission (SEC) postponed its decision on multiple altcoin ETFs.

On Tuesday, April 29, Ripple price is floating  between $2.01 and $2.17, reflecting a 4.2% gain over the past seven days, signalling that the intially sell-off after the SEC announced the delayed verdict.

The delay in ETF decisions, particularly affecting Solana, Cardano, and Avalanche, and XRP. This intitaily caused a capital rotation back into BTC and ETH, as XRP price plunged to a daily timeframe low of $2.3

However, Bloomberg analyst Eric Balchunas confirmed that the delay were part of normal review procedure of the SEC, reitarating high chances of approval. Following this, altcoin markets regained balances, with XRP price risking 1.7% to retake the $2.30 level at press time.

Ripple Founder Salary Proposal Inspires Payment Model Shift

Ripple CEO Brad Garlinghouse has reignited conversation around blockchain’s XRP’s real-world use cases. An X post shared by prominent analyst “CryptoSensei” showed Brad Garlinghouse proposing a new Salary model for workers globally.

“Why not get paid daily, hourly, or even by the second? – Garlinghouse asked. 

The idea centers on eliminating outdated friction in global payments. Garlinghouse argued that the current monthly or biweekly paycheck system exists only due to settlement lag in traditional finance. In contrast, Ripple’s on-chain payments infrastructure could enable seamless, real-time compensation flows.

With RippleNet and the XRP Ledger already enabling low-cost, cross-border payments, analysts believe Garlinghouse’s idea could become a core use case for XRP. Enabling Real-time salary estimation and micro-payments would position XRP more major gains and international adoption.

This proposal may have contributed to XRP’s intraday price recovery above the $2.30 level at the time of publication on Wednesday.

XRP Price Forecast: Can Ripple Founder’s Proposal Drive XRP Price to $5?

The $5 XRP price target is gaining traction once again, as both technical patterns and market narrative momentum align for a mild rebound above $2.30 on Wednesday.

Garlinghouse’s salary streaming proposal could ignite interest among fintech leaders and institutional players exploring payroll automation. If Ripple successfully launches real-world applications of micro-wage payments via XRP, the coin could instantly evolve from a speculative asset into a core financial utility.

Short-Term XRP Technical Outlook: Momentum Builds but Resistance Looms at $3.50

XRP is currently trading at $2.2499, having posted a marginal daily gain of +0.53%. The asset is trading just below the Keltner Channel midline resistance of $2.3877, a level that will likely serve as the first major hurdle for bullish continuation.

The Relative Strength Index on Moving Average (RSIOMA) shows bullish convergence:

• RSI is currently at 68.87, approaching the overbought zone.

• The RSI MA has trended higher to 54.55, supporting ongoing momentum.

A bullish crossover occurred mid-April, and the green histogram continues to widen, suggesting sustained buyer interest. However, volume has yet to show explosive growth, with daily trading volumes capped at 18.58M, indicating the current rally is still fragile without stronger accumulation support.

Key Technical Levels:

• Support: $2.17 (Keltner mid-band), followed by $1.96

• Resistance: $2.39 (Keltner upper band), and psychological threshold at $2.50

• RSI Critical Zone: A break above 70 could accelerate buying pressure

If Ripple executes its payroll automation vision using XRP as a settlement token, market perception could shift dramatically.

Utility-driven narratives are likely to attract institutional flows, particularly if the model demonstrates cost savings and scalability across borders.

In such a scenario, technical targets beyond $3.50 toward the $5 mark become realistic over the next 6–12 months—conditional on:

• Regulatory clarity in the U.S. and Europe

• Stablecoin legislations in progress and sustained partnerships with enterprise clients

• Continued growth in on-chain settlement volume

Conclusion

While XRP’s breakout toward $5 remains speculative in the short term, both technical momentum and growing utility narratives offer a compelling setup. A breakout above $2.39 with volume confirmation could mark the next leg up.