Technical Analysis
Trading volume increased during the breakout attempt, with CoinGecko reporting 24-hour volume of approximately $1.27 billion. XRP held above the $1.08–$1.10 region throughout the session, preserving the short-term recovery structure.
The key short-term threshold is $1.13. A sustained move above this level would confirm the triangle breakout traders are watching and bring $1.35 into focus. On the hourly chart, price action has tightened into a symmetrical triangle, compressing between lower highs and higher lows before the latest push higher.
The daily chart remains more cautious. XRP continues to trade inside a descending channel, with the 100-day and 200-day moving averages positioned above price and sloping lower. The $1.24–$1.28 area represents the major resistance zone, as it aligns with the channel’s upper boundary and those key moving averages. Support remains strongest around $1.02–$1.06, where buyers have repeatedly stepped in over recent weeks.
Key Levels to Watch
- $1.13 – Immediate breakout level; holding above it would strengthen the short-term bullish setup.
- $1.14 – Next nearby resistance, marking the top of the latest 24-hour range.
- $1.24–$1.28 – Major resistance zone that XRP must clear before the daily chart turns meaningfully stronger.
- $1.02–$1.06 – Critical demand zone; losing it would expose the $0.88–$0.92 area.
