CoinDesk
XRP climbed roughly 4.6% over 24 hours to trade near $1.13, with CoinGecko data showing an intraday range of $1.08 to $1.14, market capitalization around $70.85 billion, and 24-hour volume near $1.27 billion. The push higher came after several hours of sideways trade between $1.09 and $1.11, with buyers stepping in during the morning session and volume expanding into the breakout attempt.
Analyst Ali Martinez noted on X that XRP's monthly chart is flashing a TD Sequential buy signal, and the hourly structure has compressed into a symmetrical triangle ahead of the latest leg up. A sustained break above $1.13 opens the path to a roughly 20% extension toward $1.35, the level traders have been watching since price coiled through the weekend.
Why it matters
The hourly breakout is encouraging, but the daily chart is still the one that matters for anyone with multi-week conviction. XRP remains locked inside a descending channel that has capped every relief rally for months, with the 100-day and 200-day moving averages both above price and sloping lower. That keeps the tape in a regime where short-term breakouts work and longer-term reversals fail until proven otherwise.
The $1.24 to $1.28 zone is the bigger battleground. It lines up with the descending channel's upper boundary and the major moving averages, so a clean push through it is what flips the daily structure rather than just extending a short-term squeeze. Until that zone gives way, the breakout is technical, not structural.
Market impact
Levels that matter from here are narrow and well-defined. $1.13 is the immediate breakout trigger, with $1.14 acting as the first resistance above the current 24-hour high. Holding above $1.13 keeps the bullish setup alive; losing it puts price back inside the triangle for another coil.
On the downside, the $1.02 to $1.06 demand zone is where buyers have repeatedly absorbed sell pressure in recent weeks. A clean break below that band exposes the $0.88 to $0.92 area, which is the level that would invalidate the recovery thesis entirely and reset the chart toward prior cycle lows.
Frequently asked questions
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Why is XRP price up today?
XRP climbed about 4.6% over 24 hours to trade near $1.13, with buyers stepping in during the morning session and 24-hour volume rising to roughly $1.27 billion on CoinGecko data.
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What is the XRP triangle breakout that traders are watching?
On the hourly chart XRP has compressed inside a symmetrical triangle between lower highs and higher lows. A sustained break above $1.13 would confirm the breakout and open a roughly 20% extension toward $1.35.
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What is the main resistance zone for XRP right now?
The $1.24 to $1.28 zone is the bigger resistance. It lines up with the descending channel's upper boundary on the daily chart and with the 100-day and 200-day moving averages above price.
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What is the key support level for XRP?
The $1.02 to $1.06 band is where buyers have repeatedly absorbed sell pressure in recent weeks. A clean break below it would expose the $0.88 to $0.92 area and invalidate the short-term recovery thesis.
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Is this a confirmed XRP reversal or just a short-term squeeze?
Until XRP clears the $1.24-$1.28 supply zone and the daily descending channel, the move is a short-term breakout attempt inside a larger downtrend, not a confirmed structural reversal.
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