• Volume increased during the breakout attempt, with CoinGecko recording 24-hour volume of approximately $1.27 billion.
• XRP maintained its short-term recovery structure, staying above $1.08-$1.10 throughout the session.
technical analysis
• The key near-term level is $1.13. A sustained breakout above that would confirm the triangle breakout that traders are watching and bring focus to $1.35.
• The hourly structure has tightened into a symmetrical triangle, with prices compressing between lower highs and higher lows before the recent price rally.
• The daily chart is looking more cautious. XRP is still trading within a descending channel, with the 100-day and 200-day moving averages above and below the price.
• The $1.24-$1.28 area remains an area of greater resistance as it coincides with the channel’s upper limit and key moving averages.
• Support is strongest around $1.02-$1.06, where buyers have participated repeatedly in recent weeks.
What traders should pay attention to
• $1.13 is an immediate breakout level. Holding above that will strengthen the short-term bullish setup.
• $1.14 marks the high of the recent 24-hour range and is next close.
• $1.24-$1.28 is a key resistance area that XRP must clear before the daily chart shows meaningful strength.
• $1.02-$1.06 remains the main demand zone. If you lose this you will be exposed to $0.88-$0.92.