XRP experienced a rise over the past 24 hours, testing short-term resistance, but it needs to decisively surpass the $1.24-$1.28 supply zone to signal a stronger upward trend.
By Shaurya Malwa Jul 21, 2026, 7:21 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on XRP Surges 4% as Traders Monitor Potential Breakout Towards $1.35. (CoinDesk Data)SummaryShow- XRP increased approximately 4.6%, trading around $1.13, a critical short-term level that traders believe could lead to a breakout towards $1.35 if it remains stable.
- Despite the hourly chart indicating a symmetrical triangle pattern suggesting a breakout, the token is still contained within a larger descending channel on the daily chart.
- Analysts are focusing on resistance levels between $1.24 and $1.28, while support lies between $1.02 and $1.06, with a breach of this support potentially exposing the $0.88 to $0.92 range.
XRP aims to convert a defensive support level into a breakout opportunity. The token has risen over 4% in the past day, approaching $1.13, a level traders are closely monitoring after the price formed a short-term symmetrical triangle.
A breakout through this level could pave the way for a rise towards $1.35, yet the broader daily chart indicates that XRP is still trapped within a descending channel that has limited upward movements for months.
News Background
• As of Monday, XRP was trading at approximately $1.13, reflecting a 4.6% increase within 24 hours, based on CoinGecko data.
• During this period, the token's price fluctuated between $1.08 and $1.14, with a market cap around $70.85 billion and a trading volume of about $1.27 billion over the past day.
• Analyst Ali Martinez noted on X that XRP's monthly chart is indicating a TD Sequential buy signal, while the hourly chart reveals the price consolidating within a symmetrical triangle.
• Martinez suggested that a breakout above $1.13 could facilitate a rally of approximately 20% towards $1.35.
Price Action Summary
• XRP commenced trading close to $1.0925, reaching a peak of $1.1067 on CoinDesk Data’s 24-hour chart before advancing towards $1.13 on CoinGecko.
• This upward movement followed several hours of sideways trading between about $1.09 and $1.11, with buyers driving the price higher during the morning session.
• Trading volume surged during this breakout attempt, with CoinGecko reporting a 24-hour trading volume of around $1.27 billion.
• XRP maintained its position above the $1.08-$1.10 range throughout the session, preserving the short-term recovery structure.
Technical Analysis
• The crucial short-term level is $1.13. A sustained breakout above this would validate the triangle breakout that traders are observing and bring $1.35 into view.
• The hourly structure has condensed into a symmetrical triangle, with price action compressing between lower highs and higher lows leading up to the latest surge.
• However, the daily chart presents a more cautious outlook as XRP continues to trade within a descending channel, with the 100-day and 200-day moving averages positioned above the price and trending downwards.
• The $1.24-$1.28 area represents a significant resistance zone, aligning with the upper boundary of the channel and key moving averages.
• Support remains strongest around $1.02-$1.06, where buyers have consistently entered the market in recent weeks.
What Traders Should Watch
• The immediate breakout level is $1.13. Holding above this level would reinforce the short-term bullish scenario.
• $1.14 is the next significant level following its recent peak in the last 24-hour range.
• The $1.24-$1.28 range is the major resistance that XRP must break through for the daily chart to show a meaningful strength shift.
• The $1.02-$1.06 area remains a crucial demand zone. A drop below this would expose the $0.88-$0.92 range.
• Until XRP surpasses the $1.24-$1.28 zone, the market will continue to exhibit a short-term breakout attempt within a broader descending channel.
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By CoinDesk ResearchJul 13, 2026CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
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