XRP Reclaims $1.42 as Bull Flag Pattern Points to Potential 2025-Style Rally

XRP has reclaimed the $1.42 level, with analysts pointing to the reemergence of a chart pattern that previously preceded a sharp rally.

CoinDesk reported on May 6 that XRP's recent price action is forming a bull flag pattern similar to the one seen during its 2025 advance. At the time, the token broke upward after several weeks of sideways trading and rose about 66% in two weeks.

A bull flag typically forms after a sharp gain, followed by a period of consolidation or a modest pullback before another move higher. Markets generally read the pattern as a sign the uptrend may continue. XRP is now moving above the upper end of that formation, and a golden cross between the 20-day and 50-day moving averages is also being discussed.

Short-term momentum has remained positive. XRP recently climbed from $1.4011 to $1.4184, for a weekly gain of about 9%. During the session, it rose as high as $1.4207 on a surge in trading volume before moving sideways in the $1.417 to $1.420 range.

Technically, the token is maintaining a bullish structure above $1.40, with higher highs and higher lows intact. Resistance near $1.42 has been tested repeatedly, a sign that selling pressure may be gradually weakening.

Liquidity conditions are also raising the potential for larger swings. XRP liquidity on Binance has dropped to its lowest level since 2020, creating conditions for sharper volatility if the price breaks out of its current range.

CoinDesk identified a break above $1.42 as the key near-term variable. A clear move through that level could open the way to $1.47 to $1.50. If support at $1.40 fails, the next major support zone is $1.34 to $1.37.