XRP (XRP) has broken out of a symmetrical triangle.
A chart pattern is formed when the price gets squeezed between a rising floor and a falling ceiling before bursting in one direction.
Crypto investor and data analyst who goes by "CW" on X says this shows XRP is in for a bigger jump.
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XRP's new breakout signal
CW wrote on X on May 10,
"A full-scale rise for $XRP is imminent. Preparation for launch has been completed at the bottom line. A golden cross of the sub-indicators is imminent."
In a chart, CW shows XRP's price history on a three-day timeframe stretching back to mid-2022, and it makes a striking case for why the current moment matters.
The backbone of the chart is a long-term ascending trendline that has acted as a support floor for XRP across several years.
Two circled points on the chart highlight the times XRP has touched this line and bounced. The first, in late 2024, served as the launchpad for the rally that ultimately carried XRP from under $0.50 to its $3.66 peak in 2026.
The second circle is now, May 2026, with XRP sitting right back on that same trendline at around $1.44.
In fact, at press time, XRP was down by 3% in the past 24 hours, trading at $1.43, as per Decibel. So far, XRP has dropped by 22% year-to-date, but the past month period has been slightly better, with about a 7.5% jump.
CW's argument is built on that parallel. If the trendline holds again the way it did in 2024, the chart's upper resistance line, a dashed diagonal running above the price, points to a potential target in the $25 to $37 range.
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The next price target
Supporting the setup, the RSI indicator at the bottom of the chart shows momentum in neutral-to-oversold territory. This is broadly consistent with the readings seen at previous bounce points.
RSI or Relative Strength Index measures whether an asset is overbought or oversold by tracking the speed and size of recent price changes.
The breakout puts $2.05 in play as the next price target, representing a gain of around 43% from current levels.
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This story was originally published by TheStreet on May 12, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
