The fourth-largest cryptocurrency by market cap jumped up by 1.5% on the very first day of the month, trading around $1.38. May traditionally has been among the most successful months for XRP, giving an average return of 23%.
On top of it, Well-known crypto analyst Ali Martinez says XRP is nearing a breakout zone that could trigger a sharp 26% move soon.
According to Ali Martinez, XRP is currently trading inside a symmetrical triangle on the daily chart. This pattern forms when price moves between lower highs and higher lows, slowly tightening into a smaller range.
Based on the size of this pattern, a breakout could lead to a move of around 26% in either direction.
However, Martinez says this area is a risky zone for traders because false breakouts can happen here.
As of now, XRP is trading between two key zones. Support is near $1.35, while resistance sits around $1.45.
If XRP closes above $1.45, the next upside target could be around $1.82. But if the price falls below $1.35, XRP could slide toward $1.00.
While technical indicators show a possible breakout, the broader market is still waiting for a trigger. Historical data shows May ranks among the strongest months of the year for XRP
Over the last 13 years, XRP has averaged a gain of more than 23% in May.
If history repeats, XRP could climb toward the $1.75 range by June and may even look to test the key resistance level near $2.03.
Another key date to watch is May 7, when leveraged XRP ETFs from GraniteShares are expected to launch. This event could bring additional volatility and act as a trigger for the next big move.
As of now, XRP spot ETF inflows have crossed $1.29 billion, a figure that shows institutional demand is not just present, it’s holding XRP even through the recent consolidation period.
The next few days could be important. If XRP breaks out of its current range, May may begin with much more than a 1.5% gain.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Something important may have changed for XRP, but the chart is sending two conflicting signals.…
Crypto hacks stole $763,971,791 across 67 incidents in Q2 2026, with accessibility weaknesses the single…
Senate Republicans and the White House have officially released the latest update of the Digital…
XRP is showing early signs of catching up to Bitcoin after lagging behind in recent…
Senator Cynthia Lummis unveiled ethics provisions tied to the Digital Asset Market Clarity Act this…
A new analysis is challenging the widely repeated claim that half of the tokenized asset…
