• Volume increased during the breakout attempt, with CoinGecko showing a 24-hour trading volume of approximately $1.27 billion.
• XRP remained above the $1.08-$1.10 area throughout the session, keeping the short-term recovery structure intact.
Technical analysis
• The key short-term level is $1.13. A sustained break above it would confirm the triangle breakout seen by traders and focus attention on $1.35.
• The hourly structure has narrowed into a symmetrical triangle, with price squeezing between lower highs and lower lows before the final push higher.
• The daily chart remains more cautious. XRP is still trading within a descending channel, with the 100-day and 200-day moving averages above the price and sloping bearish.
• The $1.24-$1.28 area remains the largest resistance zone because it aligns with the upper boundary of the channel and the major moving averages.
• Support remains strongest around $1.02-$1.06, where buyers have intervened repeatedly over the past few weeks.
What traders should keep in mind
• $1.13 is the immediate breakout level. Holding above would strengthen the short-term bullish setup.
• $1.14 is the next close level after marking the high of the last 24-hour range.
• Between $1.24 and $1.28 is the main resistance zone that XRP needs to overcome before the daily chart becomes significantly stronger.
• Between $1.02 and $1.06 remains the key demand zone. Losing it would expose between $0.88 and $0.92.
