XRP breakout watch intensifies, can $1.50 unlock $2.20?

Ripple’s native token ($XRP) traded at $1.41 at press time, with 24-hour trading volume at $1.67 billion, based on crypto.news data.

The token gained 1.70% over the past day, while it remained down 0.30% over the past week.

The move came after $XRP briefly reclaimed the $1.40 level during early Asia trading. The push followed a rise in market volume, showing stronger activity as traders watched whether buyers could defend the breakout zone.

$XRP has traded inside a narrow $1.35 to $1.45 range in recent sessions. The latest move pushed the token above the lower end of that band, placing attention back on short-term resistance.

Market watchers are now tracking the $1.41 to $1.42 area. A clean move above that zone may support another test of $1.45. However, a drop below $1.40 would likely show that the latest breakout attempt has failed.

Analysts point to wider $XRP chart structure

Crypto analyst EGRAG CRYPTO said $XRP is forming a macro diamond pattern on the monthly chart. The analyst said the setup is tied to both price and time, with $1.50 marked as the key trigger zone.

According to the analyst, a break and close above $1.50 may open a move toward $2.20. EGRAG wrote, “This is NOT a random structure,” while adding that “a major move is loading.” The analyst also listed future time windows in April 2027 and April 2028.

Another analyst, CW, said $XRP’s Heikin Ashi green candle has held for four straight weeks. The analyst said the trend has shifted bullish, although traders still need confirmation from price action.

ChartNerd also pointed to a broader $XRP setup. The analyst said the 3-month Gaussian Channel continues to show rising cycle lows, with the latest floor near $0.77.

However, ChartNerd also questioned whether current momentum signals “healthy consolidation” or “early warning signs of a deeper correction sometime in 2026.”

$XRP ETF flows slow after three weeks of buying

$XRP ETF flows also moved into focus after recent buying slowed. According to SoSoValue data, about $35,210 exited $XRP ETFs in the week ending May 1.

That outflow ended a three-week buying run. $XRP ETFs attracted $82.88 million across the prior three weeks, while the week of April 17 brought $55.39 million in net inflows.

Cumulative net inflows now stand at $1.29 billion. However, weekly net assets slipped to $1.06 billion, showing a softer short-term flow trend.