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XRP jumps 9% to $1.50, eyeing $2.05 after breaking key technical pattern and rising institutional demand.

Technical Signals
12 May 2026
Blockonomi
View Source
Bullish
pluang ai news

XRP surged 9% over the weekend, reaching $1.50 and breaking out of a symmetrical triangle pattern that sets a target price of $2.05, signaling about 41% upside potential. Technical indicators like a Bollinger Band squeeze and a bullish MACD crossover suggest strong momentum, while perpetual futures funding rates on Binance remain negative despite a 27% price rise, hinting at a possible trend reversal. Institutional interest is growing, with ETF holdings increasing by $25.8 million to $1.48 billion. Ripple also secured a $200 million credit line to expand its prime brokerage, reinforcing confidence in XRP's institutional adoption and future growth prospects.

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