XRP jumps 4% as traders watch ‘triangle breakout’ toward $1.35
XRP pushed higher over 24 hours and tested short-term resistance, but the larger chart still needs a clean break above the $1.24-$1.28 supply zone to confirm a stronger reversal.
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Summary
- XRP climbed about 4.6% to trade near $1.13, a key short-term level that traders say could trigger a breakout toward $1.35 if it holds.
- While the hourly chart shows XRP compressing in a symmetrical triangle and attempting a breakout, the token remains stuck in a larger descending channel on the daily chart.
- Analysts are watching resistance at $1.24 to $1.28 and support at $1.02 to $1.06, with a loss of that support zone potentially exposing the $0.88 to $0.92 area.
