• Volume increased during the breakout attempt, with CoinGecko posting a 24-hour trading volume of approximately $1.27 billion.
• $XRP held above the $1.08 to $1.10 area throughout the session, keeping the near-term recovery structure intact.
Technical analysis
• The key short-term level is $1.13. A sustained break above would confirm the triangle breakout seen by traders and highlight $1.35.
• The hourly structure has tightened into a symmetrical triangle, with prices compressed between lower highs and lower lows before the final bullish surge.
• The daily chart remains more cautious. $XRP is still trading in a descending channel, with 100 and 200 day moving averages above price and falling.
• The $1.24 to $1.28 area remains the largest resistance area as it aligns with the channel’s upper boundary and major moving averages.
• Support remains strongest around $1.02 to $1.06, where buyers have stepped in several times over the past few weeks.
What traders should watch out for
• $1.13 is the immediate breakout level. Holding above would strengthen the bullish setup in the short term.
• $1.14 is the next close level after marking the top of the last 24-hour range.
• $1.24 to $1.28 is the main resistance zone which $XRP must clear before the daily chart becomes significantly stronger.
• $1.02 to $1.06 remains the key demand zone. Losing it would expose $0.88 to $0.92.
