XRP is once again drawing bullish attention as a technical pattern that preceded a 66% rally in 2025 has resurfaced. The cryptocurrency is holding above $1.40 after breaking out from a bull flag formation, a structure that last summer propelled the price from roughly $2.21 to an all-time high of $3.66.
As of early May 2026, XRP trades near $1.41, consolidating just below immediate resistance at $1.42. Analyst Jack Straw noted that the token is “gaining momentum above $1.40, holding firmly over its 100-hour SMA,” adding that a clean break above $1.420 could trigger the next leg up. A bullish trend line around $1.40 is providing intraday support, while the 20- and 50-day EMAs are on the verge of a bullish crossover—mirroring the sequence from 2025.
The bullish narrative is supported by on-chain data. CryptoQuant’s 90-day spot taker cumulative volume delta (CVD) flipped positive on May 1, the same day XRP broke above $1.38, signaling that buyers are regaining control. A similar CVD flip in June 2025 was followed by 70% gains. Additionally, open interest delta surged by $27 million on May 1, which analyst Amr Taha interpreted as traders increasing exposure as momentum recovers.
On the daily chart, a symmetrical triangle is taking shape. A confirmed move above $1.45 would activate the pattern, projecting a target near $1.90 based on the triangle’s height. Beyond that, the psychologically important $2 level becomes the next objective. If the full 66% fractal repeats from current levels, XRP could reach approximately $2.35. Technical indicators like the Supertrend and MACD are also flipping bullish, reinforcing the upside case. The setup remains valid as long as the price stays above the $1.40 support zone—coinciding with the bull flag’s upper boundary and the 50-day SMA.
