The cryptocurrency climbed to $1.13, testing resistance levels that could signal a move toward $1.35 if sustained.
XRP gained 4.6% over the past 24 hours, trading near $1.13 as traders monitor a potential breakout from a symmetrical triangle pattern. The move follows compression in the hourly chart, with analysts targeting $1.35 if the token holds above key resistance levels.
The token’s 24-hour range stretched from $1.08 to $1.14, with a market capitalization of $70.85 billion and trading volume of $1.27 billion. However, XRP remains within a larger descending channel on the daily chart, with resistance at $1.24 to $1.28 and support at $1.02 to $1.06.
A break below the support zone could expose XRP to further declines toward $0.88 to $0.92. Analysts note a TD Sequential buy signal on the monthly chart, adding to short-term optimism.