XRP gained momentum over the past 24 hours, testing a key near-term resistance level, though the broader market structure remains unconfirmed. Traders are looking for a decisive move above the $1.24-$1.28 resistance area to validate a stronger bullish reversal.

The token is attempting to build on its recent support and transition into a breakout phase. XRP advanced more than 4% in 24 hours, moving toward $1.13 after consolidating within a short-term symmetrical triangle formation.

A breakout beyond this level could potentially push XRP toward $1.35. However, the wider daily chart continues to show caution, as the token remains trapped inside a descending channel that has restricted upside attempts for months.

Market Overview

• XRP was trading near $1.13 on Monday, up approximately 4.6% over the previous 24 hours, based on CoinGecko data.
• The token traded between $1.08 and $1.14, with a market value of about $70.85 billion and daily trading volume of roughly $1.27 billion.
• Analyst Ali Martinez pointed out that XRP’s monthly chart is flashing a TD Sequential buy signal, while the hourly chart shows the token consolidating inside a symmetrical triangle pattern.
• Martinez noted that a breakout above $1.13 could potentially trigger a move of about 20% toward the $1.35 region.

Price Action Summary

• XRP began the session around $1.0925 and climbed to $1.1067 on CoinDesk Data’s 24-hour chart before extending higher toward $1.13 on CoinGecko.
• The move followed a period of sideways trading between approximately $1.09 and $1.11, with buyers taking control during the morning session.
• Trading volume increased as XRP attempted to break higher, reaching around $1.27 billion over 24 hours.
• The token maintained support above the $1.08-$1.10 range, keeping the short-term recovery setup intact.

Technical Outlook

• The immediate resistance level remains at $1.13. A sustained breakout above this point would confirm the triangle pattern and increase the likelihood of a move toward $1.35.
• XRP’s hourly chart has tightened into a symmetrical triangle, with price forming lower highs and higher lows before the latest upward push.
• The daily chart remains more conservative, with XRP still trading within a broader descending channel. The 100-day and 200-day moving averages remain above the current price and continue to trend downward.
• The $1.24-$1.28 range is the major resistance zone, as it aligns with the channel’s upper boundary and key moving average levels.
• The $1.02-$1.06 area continues to act as the strongest support zone, where buyers have stepped in multiple times in recent weeks.

Key Levels to Monitor

• $1.13: The first major breakout point. A sustained move above this level would strengthen short-term bullish momentum.
• $1.14: The next nearby resistance level, matching the recent session high.
• $1.24-$1.28: The crucial resistance area that XRP needs to clear for a stronger daily trend reversal.
• $1.02-$1.06: The main support zone. Losing this area could increase downside risk toward $0.88-$0.92.

XRP’s latest move represents a short-term breakout attempt, but the broader market outlook will remain limited until the token successfully breaks above the $1.24-$1.28 resistance range.