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Dodge suggests utilizing ATF +4 as the power steering fluid for a 2005 Dodge Ram 1500. It is highly recommended to opt for Dodge's own Mopar brand ATF +4 for optimal performance. This should be readily available, possibly already in your possession as it is the same fluid used for the transmission. The volume needed will be around 3 to 3.5 US quarts, making a one-gallon container more than sufficient. Prices range from $30 to $40 and up.
The type of fluid needed for the power steering of a 2005 Dodge Ram 1500 is ATF+4 fluid.