XRP Price Analysis for May 14

XRP current trend and price range

The first chart shows the daily trend chart of XRP/USDT. In the past four months, the yellow downtrend line has been the main resistance faced by XRP price. As can be seen from the chart, as of the deadline, XRP price has successfully broken through this yellow downtrend line. If it can continue to stand firm in the future and establish this breakthrough through confirmation methods such as pullbacks, it can be considered that the downtrend of XRP has ended and is expected to challenge the previous high of $2.9.

(Source: TradingView 2025.5.14)

XRP focus on target price

Based on the daily chart of XRP/USDT, the current price has successfully broken through the downtrend line. At the same time, according to the equidistant measurement of the triangular convergence pattern, the target increase is about 90%, corresponding to a price range of around $4.72. Prior to this, attention should first be paid to the previous high pressure zone of around $3.4, which is a major resistance area in mid-January 2025. If the price can effectively break through and stabilize in this range, there will be a great opportunity to continue to challenge the target price; conversely, if the price fails to break through the previous high pressure zone, it is necessary to beware of the strength of the support of the trend line breakthrough to confirm its validity.

(Source: TradingView 2025.5.14)

Start trading XRP spot:https://www.Gate.com/trade/XRP_USDT

Summary

XRP has successfully broken through the downtrend line. According to the equidistant measurement calculation of the triangular convergence pattern, the potential target price range is $4.72. Before that, the market needs to pay attention to whether the previous high pressure zone of $3.4 can be broken through and effectively held. If it fails to break through, the price may retest the trend line support to confirm the authenticity of the breakthrough. Overall, in the short term, if XRP can continue to break the trend, it may usher in a significant uptrend.