Can XRP price break $1.50 as a symmetrical triangle forms amid RWA narrative?
$XRP price has formed a decisive symmetrical triangle pattern on charts as bulls and bears battle for dominance. Will it stage a bullish breakout from its current range as it continues to grow into a leading RWA powerhouse?
After hitting the $1.50 mark on April 17, $XRP ($XRP) price has been in a steady decline, dropping by 9% to $1.37 on Tuesday before stabilizing around $1.39 at press time.
While bulls tried pushing the asset back above recent highs, they failed as a sell-off ensued over investors’ concerns surrounding a delayed peace agreement between the U.S. and Iran, which has injected fresh volatility into the global markets.
Despite the $XRP token’s downtrend, there remain two positive catalysts that could spark a recovery in the coming weeks.
First, the $XRP Ledger is evolving rapidly to become a distribution layer for real-world financial assets, not just payments.
According to an April 28 X post by treasury-focused firm Evernorth, tokenized U.S. Treasuries on the XRPL network have ballooned to $418 million today, which is nearly 8 times the roughly $50 million seen 12 months ago.
The network has also registered strong growth in the transfer of this liquidity. As the firm noted, transfer volume of tokenized US Treasuries on $XRP grew nearly 5 times to $352 million in just the past 4 months in comparison to $70 million seen throughout 2025.
The increase in tokenized Treasury issuance on XRPL indicates that more financial institutions are using the network to move and manage Treasury-backed digital assets. Such growth could significantly attract investor demand, especially if the trend of traditional finance moving on-chain continues to accelerate.
Second, institutional investors have also shown consistent demand for its ETFs. Per data from SoSoValue, the 5 spot $XRP ETFs have drawn in nearly $83 million in net inflows during April, a major reversal from the $31 million in withdrawals seen in the past month.
$XRP price analysis
On the daily chart, $XRP price has formed a symmetrical triangle pattern consisting of two converging support and resistance lines. Typically, a breakout from the upper trendline confirms a bullish breakout from the pattern, which results in a massive price spike, while a move below the lower trendline suggests further downside.
$XRP price has formed a symmetrical triangle pattern on the daily chart — April 29 | Source: crypto.news
In the case of $XRP, technical indicators present a bias tilted towards a potential bullish breakout from the pattern, thus rewarding patient buyers. The Supertrend has flipped green for the first time in weeks, while the 50-day SMA is close to forming a mini golden cross with the 100-day SMA, suggesting that the long-term trend is turning positive.
For now, $1.39, which aligns with the 78.6% Fibonacci retracement level, lies as the key resistance level to watch in the immediate term. A breakout from this barrier could trigger a rally towards $1.50 and beyond to challenge the 61.8% Fibonacci retracement level at $1.61.
On the contrary, a failure to hold the lower boundary of the triangle near $1.32 could lead to a deeper correction toward the psychological support at $1.20.