- XRP Breaks Out, Targets $3.69: After a 65% surge, XRP has broken out of a multi-month falling wedge pattern, aiming for a 45% rally to $3.69 by June, with key support at the 20-day and 50-day EMAs.
- Liquidity Zones in Focus: Binance’s liquidation heatmap shows a major resistance cluster at $2.68, holding $17.33 million in potential liquidations. A decisive break could trigger a squeeze toward $2.87.
- Larger Triangle Pattern Points to $17: On the two-week chart, a symmetrical triangle breakout targets $5.24, aligning with the 1.618 Fibonacci level. If XRP clears that, the multi-year triangle breakout could extend gains to as high as $17.
XRP’s been on a tear lately, climbing 65% in just a month. It bounced from a low of $1.61 to hit $2.65 by May 14, driven by heavy whale accumulation and a bit of a boost from easing US-China trade tensions. But how high can it go from here?
XRP Eyes 45% Rally After Wedge Breakout
XRP’s breaking out of a multi-month falling wedge pattern, and that’s a classic bullish setup. The target? Around $3.69 by June – a 45% upside from current levels. Not bad.
The bullish case is also getting some support from the 20-day and 50-day EMAs, which are converging beneath the current price, acting like a launchpad. But here’s the kicker – if XRP slips back below the wedge’s upper trendline and loses those EMA supports, the whole setup could unravel, and we’re looking at a possible drop to $1.75.
Liquidation Heatmap – Watch $2.68 to $2.87
Looking at the Binance liquidation heatmap, there’s a big cluster of leveraged positions sitting around $2.68. That level’s packed with around $17.33 million in potential liquidations – it’s a magnet for price action. XRP nearly tapped it on May 14, but if it can break through, we could see a quick squeeze up to the next liquidity zone at $2.87.
The Big Picture – Symmetrical Triangle Points to $17
Now, zoom out. On the two-week chart, XRP’s been forming a symmetrical triangle since early 2025. These patterns usually break big, and if XRP can pull it off, the technical target lands around $5.24. That aligns with the 1.618 Fibonacci retracement line – a key level that could open the door to a much broader bullish continuation.
But there’s more. Apply the same breakout rule to the multi-year symmetrical triangle that XRP started in November 2024, and you get a target north of $17. That’s a moonshot, sure, but in crypto, stranger things have happened.
Bottom Line – Buckle Up
Right now, XRP’s hovering near $2.65, right in the middle of a potential breakout zone. Bulls are eyeing $3.69 first, but that $5.24 target is starting to get some attention. If the big symmetrical triangle plays out, though, $17 is the next major milestone. But as always, with XRP, expect volatility – and keep those stops tight.
