XRP has surged past key resistance, breaking out of a symmetrical triangle pattern on the monthly chart. The breakout, according to crypto analyst ali_charts, suggests a potential rally to $15, a significant milestone that could reshape market sentiment around the asset.
The latest move sees XRP trading at $3.10, marking a 23.99% increase in just a single week. This surge follows years of consolidation within a triangular formation, a pattern typically indicative of a major breakout when resolved. The long-anticipated move has now materialized, sparking bullish optimism among traders and long-term holders alike.
Technical Analysis: A Long-Awaited Breakout
The symmetrical triangle that XRP has traded within dates back to early 2018, following its historic bull run when the cryptocurrency reached an all-time high near $3.84. Since then, XRP has faced prolonged sideways movement, forming lower highs and higher lows, creating a tightening range that analysts have closely monitored.
The breakout from this pattern is considered significant, as it represents a decisive shift in market structure. The price has breached the upper boundary of the triangle, historically a strong resistance level. With this technical confirmation, the expected price target of $15 stems from a classical measurement—equal to the height of the triangle projected from the breakout point.
Crypto analyst ali_charts, who shared the chart on TradingView, points to this breakout as a strong bullish signal. The analysis implies that XRP could experience a parabolic move in the coming months if momentum sustains. The chart also illustrates how the asset has struggled within the symmetrical triangle over the past several years, only to now decisively break free with a vertical price increase.
Market Sentiment Shifts as XRP Gains Traction
The breakout aligns with renewed optimism surrounding XRP and its parent company, Ripple. The cryptocurrency market has shown increased interest in assets that demonstrate strong breakout structures, and XRP’s movement appears to be drawing fresh capital inflows.
The fundamental outlook for XRP has also improved, with Ripple making strategic moves to expand its influence in cross-border payments and tokenization. Regulatory clarity, particularly in the United States, has been a major overhang on XRP’s price action in recent years. However, as legal battles subside and institutional adoption grows, traders now see potential for sustained bullish momentum.
This latest price movement has also fueled discussions on whether XRP could return to its previous all-time high and beyond. While the cryptocurrency market remains volatile, the breakout’s implications suggest the possibility of an extended rally, provided broader market conditions remain favorable.
Despite the optimistic projection of $15, XRP still faces critical resistance levels on its path upward. Analysts will be closely watching $5 and $7.50, key historical resistance zones, before a push toward the anticipated target.
Support now shifts to the $2.50 and $2.00 range, where traders may look for retests before further upward momentum. A clean break and close above $4.00 could validate the continuation of the bullish trend, further reinforcing the idea of XRP’s return to price levels not seen since 2017.
