XRP gained ground over the past 24 hours and approached a key short-term resistance level, but the broader market structure still requires a decisive breakout above the $1.24-$1.28 resistance zone to confirm a meaningful reversal.
The token is attempting to transform a successful support hold into a bullish breakout. XRP climbed more than 4% over the last day, moving toward $1.13 after consolidating within a short-term symmetrical triangle pattern.
A confirmed move above this level could set the stage for a rally toward $1.35. However, the larger daily chart remains cautious, as XRP continues to trade within a descending channel that has limited upward moves for months.
Market Overview
- XRP was trading around $1.13 on Monday, gaining roughly 4.6% in 24 hours, based on CoinGecko data.
- The token traded within a range of $1.08 to $1.14, with its market capitalization near $70.85 billion and daily trading volume at approximately $1.27 billion.
- Crypto analyst Ali Martinez highlighted that XRP’s monthly chart is flashing a TD Sequential buy signal, while the hourly chart shows price movement consolidating within a symmetrical triangle.
- According to Martinez, a breakout above $1.13 could trigger a potential 20% advance toward the $1.35 region.
Price Movement Breakdown
- XRP began trading near $1.0925 and reached a high of $1.1067 on CoinDesk Data’s 24-hour chart before continuing its climb toward $1.13 on CoinGecko.
- The move came after several hours of consolidation between roughly $1.09 and $1.11, with buyers eventually stepping in and driving prices higher during the morning session.
- Trading volume increased as XRP attempted to break higher, with CoinGecko reporting daily volume of around $1.27 billion.
- XRP maintained its position above the $1.08-$1.10 support area, keeping the short-term recovery trend intact.
Technical Outlook
- The $1.13 level remains the immediate hurdle. A sustained breakout above this point would validate the triangle pattern and bring the $1.35 target into view.
- The hourly chart shows XRP forming a symmetrical triangle, characterized by narrowing price action between lower highs and higher lows before the latest upward push.
- The daily timeframe presents a more cautious picture, with XRP still moving within a broader descending channel. The 100-day and 200-day moving averages remain overhead and continue to slope downward.
- The $1.24-$1.28 zone is the major resistance area, as it coincides with the channel’s upper boundary and important moving averages.
- The strongest support zone remains between $1.02 and $1.06, where buyers have repeatedly defended the price in recent weeks.
Levels to Monitor
- $1.13: The key short-term breakout level. Holding above it would improve the bullish setup.
- $1.14: The next immediate resistance point after marking the recent 24-hour high.
- $1.24-$1.28: The critical barrier XRP must overcome before the broader trend can turn more positive.
- $1.02-$1.06: The main support zone. A loss of this area could open the way toward $0.88-$0.92.
For now, XRP remains in a short-term breakout attempt, but the broader trend will not significantly improve until the token clears the $1.24-$1.28 resistance range.
