XRP above $1.42 as traders watch 2025 breakout pattern that led to 66% rally

coindesk
coindesk|May 06, 2026 04:26
Price compression near $1.42 comes as analysts point to a repeating bull flag structure and thinning liquidity conditions. What to know : XRP has reclaimed $1.42 and is trading in a pattern that resembles a 2025 bull-flag breakout that preceded a 66 percent surge toward record highs. Traders are monitoring this area as a key resistance level, with a decisive move above it seen as opening room toward the $1.47 to $1.50 area. Holding above $1.40 is viewed as critical support, as a breakdown could send XRP toward the $1.34 to $1.37 zone despite historically low liquidity that may fuel larger moves.(Coindesk)
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