XRP Advances 4%, Traders Watch Key Triangle Move Toward $1.35

XRP advanced over the past 24 hours, testing a key short-term resistance level, but the broader technical picture remains uncertain. A decisive move above the $1.24-$1.28 supply zone is still needed to confirm a stronger trend reversal.

The token is attempting to convert a successful support defense into a breakout move. XRP gained more than 4% in 24 hours and moved toward $1.13, a level traders are closely monitoring after the price consolidated within a short-term symmetrical triangle pattern.

A breakout above this level could create room for a move toward $1.35. However, the broader daily chart remains cautious, with XRP still trading inside a descending channel that has restricted upside moves for several months.

News Background

• XRP was trading near $1.13 on Monday, gaining approximately 4.6% over 24 hours, according to CoinGecko data.
• The token traded between $1.08 and $1.14 during the session, with a market capitalization of around $70.85 billion and daily trading volume near $1.27 billion.
• Analyst Ali Martinez noted on X that XRP’s monthly chart is displaying a TD Sequential buy signal, while the hourly chart shows consolidation within a symmetrical triangle formation.
• Martinez suggested that a confirmed breakout above $1.13 could trigger a rally of roughly 20%, potentially pushing XRP toward $1.35.

Price Action Summary

• XRP started near $1.0925 and climbed to an intraday high of $1.1067 on CoinDesk Data’s 24-hour chart before extending its move toward $1.13 on CoinGecko.
• The rally followed several hours of sideways movement between approximately $1.09 and $1.11 before buyers stepped in and pushed prices higher during the morning session.
• Trading activity increased during the attempted breakout, with CoinGecko reporting 24-hour volume of about $1.27 billion.
• XRP maintained support above the $1.08-$1.10 region throughout the session, preserving the short-term recovery setup.

Technical Analysis

• The immediate resistance level to watch is $1.13. A sustained move above this point would confirm the symmetrical triangle breakout and place the $1.35 target in focus.
• On the hourly chart, XRP has formed a tightening symmetrical triangle pattern, with lower highs and higher lows signaling a period of price compression before the latest upward move.
• The daily chart remains more conservative, as XRP continues to trade within a descending channel. The 100-day and 200-day moving averages remain above the price and are trending downward.
• The $1.24-$1.28 range represents the more significant resistance area, aligning with the upper boundary of the descending channel and key moving averages.
• Strong support remains around the $1.02-$1.06 zone, where buyers have stepped in multiple times in recent weeks.

Key Levels Traders Are Watching

• $1.13: The immediate breakout point. Holding above this level would strengthen the short-term bullish outlook.
• $1.14: The next nearby resistance level, marking the upper end of the latest 24-hour trading range.
• $1.24-$1.28: The critical resistance zone XRP must overcome for the broader daily trend to improve.
• $1.02-$1.06: The primary support area. A breakdown below this range could expose XRP to a decline toward $0.88-$0.92.

Until XRP clears the $1.24-$1.28 resistance zone, the current move should be viewed as a short-term breakout attempt within a larger descending channel.