XRP Rallies 4% as Traders Eye Triangle Breakout Toward $1.35

XRP moved higher over the past 24 hours, testing a nearby resistance level, but the larger technical picture remains unresolved. A clear breakout above the $1.24-$1.28 supply zone is needed before traders can confirm a stronger bullish reversal.

The token is trying to turn recent support strength into upward momentum. XRP gained more than 4% over the last day, advancing toward $1.13 after trading within a short-term symmetrical triangle pattern.

Breaking above this level could potentially drive XRP toward the $1.35 target. However, the broader daily chart remains cautious, as the token is still confined within a descending channel that has restricted rallies for several months.

Market Background

• XRP traded close to $1.13 on Monday, rising about 4.6% over 24 hours, according to CoinGecko data.
• The token fluctuated between $1.08 and $1.14 during the session, with a market capitalization of roughly $70.85 billion and daily trading volume near $1.27 billion.
• Analyst Ali Martinez noted that XRP’s monthly chart has produced a TD Sequential buy signal, while the hourly timeframe shows price consolidating within a symmetrical triangle formation.
• Martinez said a breakout above $1.13 could potentially fuel a move of around 20% toward the $1.35 area.

Price Action Recap

• XRP opened near $1.0925 and climbed to an intraday high of $1.1067 on CoinDesk Data’s 24-hour chart before extending higher toward $1.13 on CoinGecko.
• The advance followed a period of sideways trading between approximately $1.09 and $1.11, before buyers regained control during the morning session.
• Trading activity picked up during the breakout attempt, with 24-hour volume reaching around $1.27 billion.
• XRP continued to hold above the $1.08-$1.10 support region, preserving the short-term recovery structure.

Technical Outlook

• The immediate resistance level is $1.13. A sustained move above this threshold would confirm the triangle breakout and increase the possibility of a push toward $1.35.
• The hourly chart shows XRP tightening inside a symmetrical triangle, with lower highs and higher lows reflecting a period of consolidation before the recent upward move.
• The daily timeframe remains more cautious, with XRP still trading inside a descending channel. Both the 100-day and 200-day moving averages remain above the current price and continue trending lower.
• The $1.24-$1.28 range remains the most important resistance area, as it matches the upper boundary of the descending channel and key moving average levels.
• Buyers continue to defend the $1.02-$1.06 support zone, which has acted as a strong demand area in recent weeks.

Key Levels for Traders

• $1.13: The first major breakout level. Sustaining gains above this area would strengthen short-term bullish momentum.
• $1.14: The next nearby resistance level, matching the recent session high.
• $1.24-$1.28: The major obstacle XRP must overcome to improve the broader market structure.
• $1.02-$1.06: The key support zone. A breakdown below it could expose XRP to a decline toward $0.88-$0.92.

XRP’s current move represents a short-term breakout attempt, but the broader trend remains limited until the token successfully clears the $1.24-$1.28 resistance zone.

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