XRP climbed roughly 4.6% over 24 hours to trade near $1.13, a level technical traders say could trigger a breakout toward $1.35 if it holds, according to CoinDesk Data.
The token opened near $1.0925 and pushed as high as $1.1067 on CoinDesk’s 24-hour chart before extending toward $1.13 on CoinGecko. Trading volume rose alongside the move, with 24-hour turnover reaching roughly $1.27 billion. Analyst Ali Martinez said on X that XRP‘s monthly chart is flashing a TD Sequential buy signal, while the hourly chart shows price compressing inside a symmetrical triangle — a pattern that, if it breaks to the upside, could open the door to a roughly 20% rally toward the $1.35 area.
The setup is not without resistance. XRP still trades inside a larger descending channel on the daily timeframe that has capped rallies for months, and a genuine reversal likely requires a clean break above the $1.24–$1.28 supply zone, where earlier sellers have repeatedly stepped in. Below current levels, traders are watching support at $1.02–$1.06; a loss of that zone could expose the $0.88–$0.92 area.
Separate market data cited by traders shows cumulative net inflows into U.S. XRP ETFs have reached $1.489 billion since launch, with total assets under management around $1.017 billion — a backdrop some see as adding a modestly bullish tailwind to the technical setup, even as the broader token remains well below its prior highs.
For now, the token is caught between two signals: an improving short-term chart and a longer-term structure that has not yet turned bullish. A confirmed move through $1.13 and then the $1.24–$1.28 supply band would be the clearest evidence that momentum is shifting; failure to clear either level would likely keep XRP range-bound within its recent channel.
