$XRP Possible Breakout Point on XRP Chart Points to $15 Target

💥The XRP/USD pair appears to resume its prevailing bullish momentum that has been in play for the past four weeks after breaking out of a multi-year symmetrical triangle with a bullish outlook.

💥XRP’s price action between January 2018 and January 2025 led to the formation of a symmetrical triangle pattern on the weekly chart, as shown in the figure below. The price broke above the triangle’s descending trendline at $0.68 in mid-November 2024, signaling the start of a massive upward breakout.

💥The target is defined by the distance between the triangle’s lowest and highest points, which comes out to be around $15, an approximate 390% increase from the current price.

💥Cryptocurrencies

XRP/USD weekly chart with a symmetrical triangle pattern. Source: Cointelegraph/TradingView

💥Several analysts are also targeting a $15 price target for XRP this year, citing XRP adoption and chart technicals, institutional demand, and a crypto-friendly Trump administration as reasons.

For example, pseudonymous analyst Mickybull Crypto shared a chart showing XRP trading closer to the upper boundary of a bull flag with an upside target of $15.