Key Highlights
- XRP displays identical chart formation to the 2025 pattern that preceded a 66% advance to $3.66
- Bull flag breakout confirmation above $1.40 serves as the critical threshold for continuation
- Daily symmetrical triangle formation indicates potential advance toward $1.90 followed by $2
- Spot taker CVD turned positive May 1, signaling buyer dominance has resumed
- Open interest delta registered +$27 million May 1, indicating renewed derivatives activity
XRP hovers around $1.39–$1.41 during the opening days of May 2026, consolidating following tests of near-term resistance. The current price behavior has captured analyst focus due to parallels with a chart formation that emerged during mid-2025.
The 2025 formation — a bull flag coupled with a bullish EMA crossover — resulted in a 66% surge over approximately two weeks, driving XRP from the $2.21 zone to its present all-time peak of $3.66.
The current market structure follows an identical blueprint. XRP has completed a breakout from a comparable bull flag, while the 20-day and 50-day EMAs approach a bullish intersection.
Technical analyst Jack Straw observed Tuesday that XRP is “building strength above $1.40, maintaining position above its 100-hour SMA,” further stating that “a decisive push through $1.420 may activate the subsequent upward phase.” Fellow analyst Sam Mti identified a buy signal from the MTI indicator, describing the formation as “showing promise” with capacity to reach $1.45 provided $1.40 support remains intact.
Should the 66% fractal replicate from present levels, a price objective around $2.35 emerges.
Accumulation Phase Confirmed Through CVD Reversal
Among the most compelling data supporting the bullish thesis is XRP’s 90-day spot taker cumulative volume delta (CVD). This indicator calculates the differential between purchasing and selling volume across a three-month window.
The metric transitioned to positive territory on May 1, coinciding with XRP surpassing the $1.38 resistance threshold. A comparable CVD reversal occurred during June 2025 and preceded a 70% advance.
CryptoQuant analyst Amr Taha emphasized a pronounced positive spike in open interest delta, which reached $27 million on May 1. “Observing this development during price appreciation typically indicates traders are expanding positions as momentum starts rebuilding,” Taha explained.
Symmetrical Triangle Projects $1.90 Objective
The daily timeframe reveals an additional symmetrical triangle formation taking shape. This technical structure features two converging trendlines that squeeze price movement until a directional breakout materializes.
A verified break above $1.45 would confirm this pattern and establish a projection near $1.90 — a figure calculated from the triangle’s vertical measurement. Following that milestone, the $2 threshold represents the subsequent psychological barrier.
Momentum metrics are aligning favorably. The Supertrend indicator has switched to green, marking a trend reversal. The MACD approaches a bullish intersection, which upon confirmation would provide additional support for the upside scenario.
Sustaining position above $1.40 — representing both the bull flag’s upper limit and the 50-day SMA — remains essential for the technical setup to maintain validity.
