XRP is trading at $1.45 as the second week of May begins, and for the first time in months the technical picture shows real compression and potential energy.
A symmetrical triangle that has been forming since February has reached its apex. Price recently broke above the triangle’s upper boundary while the RSI climbed above 50. Broad market momentum is also supportive, a backdrop XRP lacked in many prior setups this cycle.
Ripple Price Analysis: The USDT Pair
On the daily chart, XRP has traced a symmetrical triangle since February, created by a sequence of lower highs and higher lows converging into a tightening range. The triangle’s upper boundary around $1.43 was breached over the weekend.
Additionally, XRP broke above the upper edge of the large descending channel and cleared the 100-day moving average near $1.40. With the RSI recovering and gaining momentum above 50, technical indicators increasingly suggest the potential for a notable advance in the coming weeks.
A daily close above the psychological $1.50 level would confirm the bullish development and open the path toward the next key zone around $1.80, where the 200-day moving average currently resides. Conversely, a rejection and a return below $1.40 would invalidate the pattern and shift attention back to the February low near $1.20.
The BTC Pair
The XRP/BTC pair has also registered a meaningful recovery from deeply oversold levels reached in early May, when the RSI fell to roughly 25. From lows near 1,730–1,740 sats, the pair rebounded to about 1,800 sats and is now testing the horizontal resistance formed by the February low. The RSI has recovered into the 45–50 area, confirming an oversold relief bounce and showing a clear bullish divergence.
The 1,800 sats zone is the first significant test for this bounce. A clean breakout and daily close above that level would clear the way toward the 2,000 sats area, where the 100-day moving average currently sits. Reclaiming that region would be the minimum requirement to argue that XRP is beginning to regain ground versus Bitcoin rather than merely bouncing from an extreme.
That said, the longer-term downtrend on this pair remains intact. Both the 100-day and 200-day moving averages are sloping downward and sit well above current price levels. Until one of those averages is reclaimed, any gains against BTC should be viewed as corrective rather than structural reversals.