XRP Shatters Multi-Month Descending Triangle Pattern Amid Bullish Spike in Trading Volume

Key Points

1. Market analyst Lingrid notes XRP is breaking out from a multi-month compression pattern, with a target zone of $2.60–$2.70 if it stays above $2.15.

2. XRP's trading volume is surging across major exchanges like Binance ($2.77B), Bitget ($2.11B), and Bybit ($1.20B), indicating growing market interest.

3. XRP added 58,000 new wallet addresses in 2025, surpassing 7.1 million holders, reflecting rapid growth in its user base and network effect.

4. Institutional interest is rising, with Q1 2025 daily trading volume hitting $1.73 billion (19% via OTC), and whales accumulating 610 million XRP ($1.33 billion).

5. Ripple is advancing XRP's utility with an EVM-compatible XRPL sidechain for Ethereum-style smart contracts, while legal clarity with the SEC improves.

6. Price catalysts include seasonal trends (6.9% average gains) and optimistic forecasts of $3–$5 by late 2025, with long-term models suggesting $8.