XRP News Today: XRP Signals 60% Gain Potential as Bullish Patterns Emerge

XRP is exhibiting multiple technical and onchain signals that suggest a potential rally to $3 this month. The cryptocurrency is currently trading within a falling wedge pattern on the weekly chart, with resistance at $2.43. A weekly close above this level could pave the way for XRP to rise toward the wedge’s target at $3.20, representing a 45% increase from the current price. Falling wedges are typically bullish reversal patterns, and XRP’s continued consolidation within the pattern’s trendlines suggests that the upside is not over. The price is also riding above all the major moving averages, a key trend signal.

On the daily timeframe, XRP is trading within an ascending triangle pattern. To continue its upward trajectory, the price needs to close above the resistance line of the prevailing chart pattern at $2.60, with a measured target of $3.50. Such a move would bring the total gains to 60% from the current level. The triangle formed after a 70% recovery to $2.65 from a multimonth low of $1.61 reached on April 7, suggesting that XRP price could be coiling before resuming its uptrend. XRP must hold above the $2 psychological level to avoid a deeper drop toward the next likely support at $1.70. The price has held above this level since April 11, suggesting that the bullish structure remains intact.

XRP’s upside case is further supported by a growing bullish divergence between its XRP/BTC pair and the relative strength index (RSI). The monthly chart shows that the XRP/USD pair dropped between 2019 and 2025, forming lower highs. However, in the same period, its monthly RSI ascended to 67 from 41, forming higher highs. A divergence between falling prices and a rising RSI usually indicates weakness in the prevailing downtrend, prompting traders to buy more on the dips and resulting in seller exhaustion. XRP/BTC faces significant resistance between 0.00002530 BTC and 0.00003375 BTC, aligning with the 100 simple moving average. A break above this area could see the XRP/BTC pair continue its rise, fueled by gains in XRP/USD price. Zooming in, an asymmetrical triangle setup on the daily-candle chart indicates a potential breakout toward 0.00003609 BTC, about 71% above current levels, by June. The upside target aligns with the January-February 2025 levels around $3.

XRP price continues to find support among traders, with buyers staying dominant despite the market falling 17% from its May 12 local highs of $2.65. Analyzing the 90-day spot taker cumulative volume delta (CVD) reveals that buy-orders (taker buy) have become dominant again. CVD measures the difference between buy and sell volume over a three-month period. In other words, more buy orders are being placed in the market than sell orders. This suggests sustained demand despite the recent pullback and generally signals that the price may recover from current levels. Until mid-March, sell-side pressure dominated the order book, with the XRP/USD pair hitting multimonth lows of $1.61 in early April. Neutral conditions then prevailed until buyer dominance reentered on May 19. Positive CVD also indicates optimism among traders, as they’re actively accumulating the asset, potentially anticipating further price increases. If the CVD remains green, it means buyers are not backing down, which could set the stage for another wave of upward movement, as seen in historical rallies.