Can XRP price break $1.50 as a symmetrical triangle forms amid RWA narrative?

XRP price has formed a decisive symmetrical triangle pattern on charts as bulls and bears battle for dominance. Will it stage a bullish breakout from its current range as it continues to grow into a leading RWA powerhouse?

After hitting the $1.50 mark on April 17, XRP (XRP) price has been in a steady decline, dropping by 9% to $1.37 on Tuesday before stabilizing around $1.39 at press time.

While bulls tried pushing the asset back above recent highs, they failed as a sell-off ensued over investors’ concerns surrounding a delayed peace agreement between the U.S. and Iran, which has injected fresh volatility into the global markets.

Despite the XRP token’s downtrend, there remain two positive catalysts that could spark a recovery in the coming weeks.

First, the XRP Ledger is evolving rapidly to become a distribution layer for real-world financial assets, not just payments.

According to an April 28 X post by treasury-focused firm Evernorth, tokenized U.S. Treasuries on the XRPL network have ballooned to $418 million today, which is nearly 8 times the roughly $50 million seen 12 months ago.

The network has also registered strong growth in the transfer of this liquidity. As the firm noted, transfer volume of tokenized US Treasuries on XRP grew nearly 5 times to $352 million in just the past 4 months in comparison to $70 million seen throughout 2025.

The increase in tokenized Treasury issuance on XRPL indicates that more financial institutions are using the network to move and manage Treasury-backed digital assets. Such growth could significantly attract investor demand, especially if the trend of traditional finance moving on-chain continues to accelerate.

Second, institutional investors have also shown consistent demand for its ETFs. Per data from SoSoValue, the 5 spot XRP ETFs have drawn in nearly $83 million in net inflows during April, a major reversal from the $31 million in withdrawals seen in the past month.

XRP price analysis

On the daily chart, XRP price has formed a symmetrical triangle pattern consisting of two converging support and resistance lines. Typically, a breakout from the upper trendline confirms a bullish breakout from the pattern, which results in a massive price spike, while a move below the lower trendline suggests further downside.

In the case of XRP, technical indicators present a bias tilted towards a potential bullish breakout from the pattern, thus rewarding patient buyers. The Supertrend has flipped green for the first time in weeks, while the 50-day SMA is close to forming a mini golden cross with the 100-day SMA, suggesting that the long-term trend is turning positive.

For now, $1.39, which aligns with the 78.6% Fibonacci retracement level, lies as the key resistance level to watch in the immediate term. A breakout from this barrier could trigger a rally towards $1.50 and beyond to challenge the 61.8% Fibonacci retracement level at $1.61.

On the contrary, a failure to hold the lower boundary of the triangle near $1.32 could lead to a deeper correction toward the psychological support at $1.20.