My host does not not support PHP 5.4

Hello everyone,
I asked my host ipage.com if the wordpress meet the installation requirements:
I’m interested in running the open-source WordPress <http://ww.wp.xz.cn/&gt; blogging software and I was wondering if my account supported the following:

– PHP 5.4 or greater
– MySQL 5.5 or greater
– The mod_rewrite Apache module
Thanks!

and they replayed:
“Hello,

Thank you for contacting Support.

I see that you are currently having iPage Essential Hosting Plan, so you can install WordPress using MOJO Marketplace.

To learn more about installing WordPress using MOJO Marketplace, please access the link given below:
http://www.ipage.com/knowledgebase/beta/article.bml?ArticleID=2156 .

Since it is a shared hosting platform, we do support MySQL 5.5.32 and the mod_rewrite Apache module. However, we do not support PHP 5.4 or greater version in this platform.

If you wish to use PHP 5.4 version, then we suggest that you sign up or a hosting account in our VPS platform.

To learn about VPS hosting, please access the link given below:
http://www.ipage.com/advanced-hosting/vps.bml?source=footer&cid=1533 .

If you are happy with my support, please grade me a 9 or 10 in the survey which follows this response. In case my support did not meet your expectation, please reply back to this ticket with the specific reason.

If you have any further queries, please feel free to contact us. We are available 24×7.

Sincerely,

Shreeraksha S
Customer Support”

So can I install it without having troubles? they ask me to upgrade my plan or install it different way. Please help me out I think am able to make it without paying for them more money for plan upgrading.

Thanks!