XRP (XRP) has surged over 55% since its April low of $1.61, buoyed by a broader crypto market rally. This upswing is fueled by a temporary U.S.-China tariff truce and April’s unexpectedly low inflation data, which showed a 2.3% year-over-year increase—its slowest pace since February 2021.
The easing of trade tensions and muted inflation have bolstered investor confidence, propelling cryptocurrencies like XRP higher.
XRP is approaching a critical juncture, nearing a breakout from a descending triangle pattern.
The triangle’s upper trendline, currently around $2.65, serves as immediate resistance. A successful breakout above this level could propel XRP toward the pattern’s projected target of approximately $4.62, marking an 80% increase from current prices.
However, if XRP fails to breach this resistance and retreats, it may find support near the triangle’s lower trendline at approximately $1.88. A breakout occurring at this lower level would adjust the upside target to around $3.50.
If XRP breaks below the triangle’s lower trendline near $1.88, it would invalidate the bullish breakout setup and open the door for a deeper correction. In this bearish scenario, the price could decline by the triangle’s height, bringing the potential downside target to around $1.00.
This level notably aligns with the 200-week exponential moving average (EMA), a historically significant support zone in long-term trends.
After months of sustained outflows, XRP’s whale flow has flipped positive for the first time since November 2024.
The current positive whale flow suggests renewed confidence among major investors, potentially setting the stage for another substantial price increase. This accumulation phase often leads to a base-building period, providing a solid foundation for future upward movements.
XRP’s recent price action, combined with bullish technical patterns and positive whale flow data, points to a potential 80% rally. The convergence of these factors, alongside favorable macroeconomic developments, creates a compelling case for XRP’s continued upward trajectory.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.