$XRP Aiming for $15 Target After Breaking Multi-Year Technical Pattern

A symmetrical triangle pattern on the long term chart of XRP has been resolved with a breakout, potentially opening the door for significant bullish movement. On May 11, 2025, market analyst @ali_charts published a chart showing XRP’s breakout from the triangle pattern that began in 2018. This move signals a shift in market structure after nearly six years of price action contraction. Since mid-2018, XRP has been trading within converging trend lines on the weekly chart. This structure, commonly referred to as a symmetrical triangle, is characterized by lower highs and higher lows, forming a wedge over time. XRP reached the lower boundary of the triangle at the beginning of 2024 before starting to gradually recover. By early 2025, it had broken through the upper resistance line, marking a significant breakthrough.

The price then surged past the $2.00 mark, briefly peaking near $3.00. At the time of publication, XRP had stabilized at around $2.37. Based on technical forecasts from similar symmetrical patterns, the price target could fluctuate between $10 and $14, with some interpretations placing the price as high as $15. Market Activity Reflects New Interest XRP price decreased by 3.09% in the 24 hours ending on May 11, 2025, trading at $2.36. Despite the decline, the 24-hour trading volume increased by 10.82% to $4.32 billion, indicating heightened activity during the price pullback.

The market capitalization of the token has decreased to 138.2 billion dollars, down 2.93%, while its fully diluted valuation is 236.05 billion dollars. The volume-to-market cap ratio, a measure of liquidity, is recorded at 3.14%. XRP remains the fourth largest cryptocurrency by market capitalization, with 58.55 billion tokens circulating out of a total of 99.98 billion tokens. The short-term decline follows a previous daily high of nearly $2.45, indicating profit-taking pressure after recent gains. Exchange Flow Data Shows Long Term Holding Trends CoinGlass data tracking the exchange flow of XRP over the past ten months shows a change in investor behavior. From July to early November 2024, the price of XRP remained relatively stable, with net cash flow indicating limited volatility. However, starting from mid-November, the influx of cash surged, coinciding with a major bullish trend that raised the price of this token from below $1.00 to over $3.50 by January 2025. After that peak, the trend reversed into a net outflow. These outflows, shown in red on the chart, became more frequent and significant, especially during the price consolidation phase. Such an outflow at the end of January 2025 exceeded 250 million dollars, indicating a large-scale withdrawal from centralized exchanges.

The outflow of funds continues to influence traders from April to May 2025, despite price volatility. This ongoing trend may reflect that long term investors are getting involved, but short term traders are adjusting their positions according to price fluctuations in the economy. The breakout from the historical triangle has once again put XRP into the testing phase of technical traders. The conclusion of the pattern, along with increased liquidity and continuous outflows from trading venues, indicates the potential for market reorganization. The recent volatility is still present, but the technical pattern will provide a case that with a sustained breakout above the current level, there could be further bullish phases.