XRP Poised for Major Rally as Technicals Signal Breakout

XRP is gaining momentum as market indicators suggest a strong potential for a continued upward trend. With XRP showing a sharp rebound in recent weeks, investors and analysts are closely watching for signs of a breakout. The focus keyword for this article is XRP, which has been making headlines due to positive technical patterns and increased trader activity.

Over the last 30 days, XRP has jumped by an impressive 65%, climbing from a recent low of $1.61 to a peak near $2.65. This surge has been attributed to increasing accumulation by large investors and easing of macroeconomic tensions. These factors have created a favorable environment for further growth as XRP attempts to breach new resistance levels.

Emerging Pattern Projects 45% Potential Upside

The cryptocurrency recently completed a breakout from a prolonged falling wedge formation, which often precedes a significant bullish move. This pattern suggests that XRP could climb to around $3.69 within the next few weeks. This forecast represents a gain of approximately 45% from its current position and is backed by strong technical signals.

Supporting this optimistic outlook are XRP’s 20-period and 50-period exponential moving averages on the three-day chart. These trend indicators have started to align upward, reinforcing the momentum behind the price increase. However, the rally could face challenges if XRP falls back below the wedge’s breakout level or loses support at key moving averages, potentially pulling it back toward the $1.75 mark.

Key Resistance Levels Identified on Liquidation Heatmap

Insights from a leading futures exchange’s liquidation heatmap for the XRP/USDT pair have highlighted significant resistance levels where large clusters of trader positions exist. Two notable price points have emerged: $2.68 and $2.87. Historically, such liquidity zones tend to pull prices toward them, especially during bullish trends.

On May 14, XRP came close to testing the $2.68 level, where roughly $17.3 million worth of positions could be liquidated. A clean break above this level may lead to a short squeeze, forcing many bearish positions to close and propelling the token toward the next resistance ceiling at $2.87.

XRP/USDT liquidation heatmap

Long-Term Projections Point Toward $17

The two-week price chart of XRP displays a significant symmetrical triangle formation. This long-term setup, present since the start of 2025, typically signals a continuation pattern. If XRP confirms a breakout from this formation, it could set the stage for broader upside movements in the months ahead.

Technical analysis shows that the triangle’s maximum height supports a future target of approximately $5.24. This aligns with a key Fibonacci retracement level and represents a long-term milestone should current momentum continue. Furthermore, if historical pattern projections are applied to a multi-year symmetrical triangle that began forming in 2024, XRP could ultimately aim for a price as high as $17.

whale accumulation

Can XRP price reach $4 in May? Analysts are watching these key levels

These projections remain speculative and depend on the broader market, investor sentiment, and XRP maintaining its recent technical momentum. Still, with multiple bullish formations aligning, the outlook for XRP appears increasingly constructive.

Related: Expert Advice: Sell XRP If You’re Confused

It is important for investors to approach any trading decision with caution, given the volatility in digital assets. Market trends can shift rapidly, and technical indicators should be considered alongside fundamental analysis and risk management.