Key takeaways: XRP has surged 65% in a month, with technicals pointing to another 45% rally. Liquidation heatmap shows $2.68 as key resistance; a breakout could drive price toward $2.87 Symmetrical triangle patterns suggest long-term targets of $5.24 and even $17, based on Fibonacci projections. XRP ( XRP ) has surged 65% in a month, rebounding from a $1.61 low to $2.65 by May 14, driven by whale accumulation and easing US-China trade tensions. XRP/USD daily price chart. Source: TradingView How high can XRP’s price go from here? Let’s examine. XRP rising wedge hints at 45% rally next XRP has broken out of a multimonth falling wedge pattern, aiming for a potential upside target near $3.69 by June, up around 45% from the current price levels. XRP/USD three-day price chart. Source: TradingView The breakout outlook is picking up additional support from XRP’s 20-3D (purple) and 50-3D (red) exponential moving averages (EMA). However, if the price falls back below the wedge’s upper trendline and loses support at these EMAs, the bullish setup could be invalidated, risking a decline toward the lower trendline near $1.75. XRP liquidation heatmap hints at $2.68-2.87 The Binance XRP/USDT liquidation heatmap reveals key liquidity zones where large liquidation events may occur. These levels often act as magnet zones, influencing price direction based on the amount of liquidity at a given level. XRP/USDT three-month liquidation heatmap (Binance). Source: CoinGlass A large concentration of leveraged positions near $2.68 marks it as a key resistance level, with around $17.33 million in potential liquidations. XRP nearly tested this level on May 14. A decisive break above $2.68 could trigger a short squeeze scenario, forcing liquidations and potentially driving the price toward the next major liquidity zone at $2.87. XRP price symmetrical triangle points to $17 XRP is showing signs of breaking out of a symmetrical triangle forming on the 2-week chart since 2025’s beginning, which may lead to a broader bullish continuation trend in the coming months. XRP/USD two-week price chart. Source: TradingView Symmetrical triangle breakouts typically lead the price higher by as much as the pattern’s maximum height. This technical rule brings XRP’s upside target to around $5.24, a level which aligns with the 1.618 Fibonacci retracement line. Related: Can XRP price reach $4 in May? Analysts are watching these key levels Applying the same rule on XRP’s multiyear symmetrical triangle, which entered its breakout stage in November 2024, the upside target is over $17. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
