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XRP price breaks $1.40 resistance, eyes $1.66 amid bullish crypto market recovery

Technical Signals
06 May 2026
Crypto news
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Bullish
pluang ai news

XRP price surged above the key $1.40 resistance level, briefly reaching $1.45, supported by improving market sentiment and easing geopolitical tensions. The token is trading within a symmetrical triangle pattern, with a potential breakout above the descending trendline that could push prices toward $1.66 and possibly $2. Technical indicators like the MACD and Supertrend signal bullish momentum, while XRP has formed higher lows since April. However, failure to hold above current levels could lead to a correction toward $1.36 or lower.

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