XRP Breaks 6-Year Triangle, Analysts Eye Targets as High as $15
By: cryptosheadlines|2025/05/13 09:15:03
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com XRP breaks out of a 6-year symmetrical triangle, setting sights on targets up to $15.Trading volume rises 10.82% as XRP holds $2.36 support after peaking near $3.00.SuperTrend flips bullish; RSI and Stochastic RSI signal growing upside momentum.XRP has broken out of a symmetrical triangle formation that began in 2018, suggesting a major structural shift after nearly six years of narrowing price action. The breakout places attention on higher technical targets, with some analysts forecasting a potential rise toward $15 if momentum sustains above key support.Long-Term Pattern Breakout and Volume Activity Support Bullish StructureAccording to analysis prepared by @ali_charts via X, XRP has exited a symmetrical triangle on the weekly chart. This pattern, formed between 2018 and early 2025, was marked by converging trendlines of lower highs and higher lows. The recent breakout signals a change in price structure, confirmed by a move above the $2.00 mark and a peak near $3.00.Since then, XRP has pulled back slightly and is now holding near $2.36. Data from CoinMarketCap shows a 3.09% drop in price and a market capitalization of $138.2 billion. Despite the decline, trading volume rose 10.82% in the last 24 hours, suggesting active interest and continued participation in the market. The volume-to-market-cap ratio remains at 3.14%, reflecting healthy liquidity.Source :CoinGlass(X)CoinGlass data shows that since January 2025, centralized exchanges have seen consistent outflows of XRP. These movements are often associated with long-term holders moving funds off exchanges, reinforcing the idea of accumulation and reduced sell pressure during retracements.Technical Indicators and Sentiment Support Further Upside PotentialTechnical sentiment remains constructive. XRP continues to trade above key moving averages, while the Relative Strength Index (RSI) is at 61, indicating moderate bullish momentum without overbought conditions. Source :Cryptoinsightuk(X)According to a statement by Cryptoinsightuk via X, the Stochastic RSI is also turning upward from the oversold zone, suggesting renewed buying strength. The SuperTrend indicator has flipped bullish, according to analyst Ali Martinez. If the symmetrical triangle is the governing structure, Martinez projects a potential long-term target between $10 and $15. XRP must maintain the $2.36 support level to sustain bullish momentum. A break above $2.50 could mark the next stage of upside continuation.Source link
You may also like

What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.

The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat
Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money
There is more and more to do.

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies
The value of tokenized products ultimately depends on whether the underlying structure is sound, rather than just the price displayed on the interface.

$75 billion in risk asset redistribution: How will SpaceX's IPO affect U.S. stocks and Bitcoin?
The SpaceX IPO is short-term "capital competition" for the cryptocurrency market, while in the medium to long term, it leans towards "narrative endorsement" for Bitcoin.

Why Is BlackRock Investing $5 Billion in the SpaceX IPO?
What is driving the massive demand for the SpaceX IPO, and why did BlackRock place a $5 billion order? Learn how the historic listing could impact SpaceX stock, Bitcoin, SPCX, and crypto markets.

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena
Overview of Important Market Events on June 10

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?
The Bitcoin L2 star project Botanix announced a gradual shutdown, with the team admitting to facing severe challenges from the failure of its business model and the prevailing trends. Users are urged to withdraw all assets before July 9, 2026.

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?
Oracle's revenue for fiscal year 2026 set a record, with AI cloud orders soaring to $638 billion, but massive capital expenditures on computing power led to negative free cash flow, causing a 5% drop in after-hours stock prices.

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins
The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?
How to reconstruct the prediction market using leverage?

Galaxy in-depth report: Is Solana still worth paying attention to?
Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market
The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.
What is the connection between Huang Zheng of Pinduoduo and blockchain?
From Pinduoduo's "reverse insurance" to blockchain's smart contracts, this article explains how Huang Zheng's underlying logic uses "certainty" rules to reshape the flow of wealth for ordinary people.
The other side of Musk's trillion-dollar fortune: 85% cannot be sold
SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.
The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal
The sudden removal of the two models has caused widespread shock in the tech industry and the AI community.
Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market
The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.
The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?
Tech giants like SpaceX and OpenAI have sparked a $35 trillion super IPO wave. The "suction effect" is not enough to crash the stock and crypto markets, but the test of high valuations is just beginning.
Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus
Overview of Important Market Events on June 11
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

