This is exactly what mine was doing before my transmission died... Also in the last days before it died 1st became 2nd, 2nd became 3rd, 3rd became 4th, and since 4th thought it was actually 5th, 5th would never engage leaving me at 4K RPM @ 70MPH.
I suggest you start trying to prevent the failure by researching what exactly is going on inside the transmission to cause these issues. Talk to a master transmission specialist. I think it may be shift solenoid related or maybe even something to do with the valve body... I am very sorry to hear that you are dealing with these issues
If your transmission fails I would be MORE than happy to walk you thru changing the transmission out for a yard transmission. Its tough as hell, not gonna lie but if you have the right tools anyone can do it. I bought mine WITH transfer case together for $850 and it is absolutely flawless! If you go down that road text me @ 706-768-7506, my name is Michael.