• Volume increased during the breakout attempt, with CoinGecko showing 24-hour trading volume of around $1.27 billion.
• XRP held above the $1.08-$1.10 range throughout the session, keeping the short-term recovery structure intact.
Technical Analysis
• The key near-term level is $1.13. A sustained break above that would confirm the triangle breakout seen by traders and bring $1.35 into focus.
• The hourly structure has tightened into a symmetrical triangle, with price compression between lower highs and higher lows before the latest push higher.
• The daily chart remains more cautious. XRP is still trading in a descending channel, with the 100-day and 200-day moving averages above the price and falling lower.
• The $1.24-$1.28 area remains the major resistance zone because it aligns with the upper boundary of the channel and major moving averages.
• Support remains strongest around $1.02-$1.06, where buyers have repeatedly stepped in over recent weeks.
What traders need to see
• $1.13 is the immediate breakout level. Holding above it would strengthen the short-term bullish setup.
• $1.14 is the next level nearby after marking the top of the recent 24-hour range.
• $1.24-$1.28 is the major resistance zone that XRP needs to clear before the daily chart gets meaningfully stronger.
• $1.02-$1.06 remains the key demand zone. Losing it would reveal $0.88-$0.92.
