The post XRP Eyes $15 Target After Breaking Multi-Year Technical Pattern appeared on BitcoinEthereumNews.com.

XRP breaks out of 6-year triangle, signaling potential for major price rally. Rising volume and net outflows suggest growing long-term holder confidence. XRP maintains top-4 crypto status despite short-term volatility and profit-taking. A symmetrical triangle pattern on XRP’s long-term chart has resolved in a breakout, potentially opening the door to significant price gains. On May 11, 2025, market analyst @ali_charts published a chart showing XRP’s breakout from a triangle formation that began in 2018. The move signals a shift in market structure after nearly six years of narrowing price action. Since mid-2018, XRP has traded within converging trendlines on the weekly chart. This structure, commonly known as a symmetrical triangle, is marked by lower highs and higher lows, forming a wedge over time.  XRP touched the lower boundary of the triangle in early 2024 before initiating a gradual recovery. By early 2025, it had pierced the upper resistance line, marking a significant breakout. Source: X The price subsequently rallied past the $2.00 level, briefly peaking near $3.00. At the time of publication, XRP had settled at approximately $2.37. Based on technical projections from similar symmetrical patterns, the price target could range between $10 and $14, with some interpretations placing it as high as $15. Market Activity Reflects Renewed Interest XRP’s price declined by 3.09% over the 24 hours ending May 11, 2025, trading at $2.36. Despite the drop, 24-hour trading volume rose 10.82% to $4.32 billion, indicating heightened activity during the price retracement.  Source: CoinMarketCap The token’s market capitalization declined to $138.2 billion, down 2.93%, while its fully diluted valuation stood at $236.05 billion. The volume-to-market-cap ratio, a measure of liquidity, was recorded at 3.14%. XRP remains the fourth-largest cryptocurrency by market capitalization, with 58.55 billion tokens in circulation out of a total supply of 99.98 billion. The short-term decline…

---

Filed under: News - @ May 12, 2025 12:21 pm