XRP’s technical indicators suggest a strong continuation of its bullish trend, with short-term projections pointing toward $3.69 and long-term targets aiming as high as $17.
The token has climbed approximately 65% in the past month, rebounding from a recent low of $1.61 to reach $2.65 as of May 14. This rally has been driven in part by significant whale buying activity and improved sentiment amid easing trade tensions between the U.S. and China.
Rising Wedge Breakout Signals Further Gains
XRP has recently broken out of a multi-month falling wedge pattern, a bullish chart formation that now places the next potential upside around $3.69 by June — a 45% gain from its current level.
This optimistic forecast is further supported by XRP’s 20- and 50-period exponential moving averages (EMAs) on the 3-day chart. However, if XRP falls back beneath the wedge’s upper boundary and fails to maintain support at these EMAs, the breakout thesis may be invalidated, possibly leading to a decline toward $1.75.
Liquidation Zones Indicate Short-Term Resistance
A liquidation heatmap for Binance’s XRP/USDT pair highlights significant liquidity around $2.68, suggesting it could act as short-term resistance. Roughly $17.33 million in liquidations are at risk in this zone, which XRP nearly touched on May 14.
A breakout above $2.68 could initiate a short squeeze, propelling XRP toward the next major liquidity cluster around $2.87.
Symmetrical Triangle Targets Long-Term Growth
On a broader scale, XRP is forming a symmetrical triangle on its biweekly chart that’s been developing since early 2025. A successful breakout from this pattern could push the price to around $5.24, in line with the 1.618 Fibonacci retracement level.
Looking even further back, a multi-year symmetrical triangle, which XRP began breaking out of in November 2024, suggests a long-term price target exceeding $17 based on traditional technical breakout measurements.
