XRP is currently trading within a symmetrical triangle pattern, with analysts predicting a potential breakout between mid and late May. The cryptocurrency has stalled at $1.42 following a relief bounce, maintaining a tight range as it approaches the triangle's apex. Market analyst Chart Nerd highlighted this formation, noting that a breakout could target the $1.70-$1.80 resistance zone if XRP surpasses the $1.50 resistance trendline. The symmetrical triangle has been forming since XRP's February 2026 low of $1.11. While a bullish breakout could lead to significant gains, the pattern also poses downside risks. A break below the support line could see XRP retreat to $1.12. Despite the potential for upward movement, the overall trend remains bearish, with XRP forming lower highs since its all-time high of $3.6 in July 2025. Investors are advised to remain cautious as the market awaits confirmation of the next major move.