XRP Price Analysis: Technicals Point to 45% Rally, Liquidation Heatmap Shows Resistance at $2.68, Symmetrical Triangle Targets $17

XRP price has surged 65% in the last month, with technical indicators suggesting a potential 45% rally ahead. The liquidation heatmap highlights $2.68 as a crucial resistance level, with a breakout potentially driving the price towards $2.87. Symmetrical triangle patterns indicate long-term targets of $5.24 and even $17, based on Fibonacci projections. The recent surge in XRP price from $1.61 to $2.65 by May 14 has been attributed to whale accumulation and decreased US-China trade tensions. The rising wedge pattern suggests a 45% rally to $3.69 by June. XRP’s liquidation heatmap shows key resistance at $2.68, with potential liquidations of $17.33 million. Breaking above $2.68 could trigger a short squeeze scenario, propelling the price to $2.87. The symmetrical triangle breakout on the 2-week chart indicates a bullish continuation trend, with an upside target of $5.24. Applying the same rule to a multiyear symmetrical triangle, XRP’s target could exceed $17. This article does not provide investment advice. Readers are advised to conduct their own research before making any financial decisions.

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