XRP saw a 4.6% increase, trading at $1.13, with eyes on a potential breakout towards $1.35 if it surpasses key resistance levels.
XRP has gained approximately 4.6% in the last 24 hours, trading around $1.13 as traders watch for a potential breakout towards $1.35. To signal a stronger upward trend, the cryptocurrency needs to decisively break through the $1.24-$1.28 resistance zone.
Market Overview
On July 21, 2026, XRP's price fluctuated between $1.08 and $1.14, with a market capitalization of about $70.85 billion and a 24-hour trading volume of $1.27 billion, according to CoinGecko data. Analyst Ali Martinez highlighted a TD Sequential buy signal on XRP's monthly chart and noted the consolidation within a symmetrical triangle on the hourly chart.
Current Price Movement
After starting the day at approximately $1.0925, XRP peaked at $1.1067 before climbing to $1.13. This upward trend followed several hours of sideways trading, with increased buying activity during the morning session. The trading volume surged as XRP attempted to break out of its recent range.
Technical Insights
The immediate focus for traders is the critical level of $1.13. A sustained move above this could validate the breakout pattern observed in the hourly chart and open the door for a rise towards $1.35. However, the daily chart reflects a broader bearish trend, with XRP still within a descending channel.
Resistance levels are concentrated between $1.24 and $1.28, which coincide with key moving averages. Support remains robust around the $1.02-$1.06 area, where buyers have consistently entered the market. A drop below this support could expose XRP to the $0.88-$0.92 range.
What to Watch Next
For traders, maintaining a position above $1.13 is crucial for a bullish outlook. The next significant level to monitor is $1.14, following its recent high. Breaking through the $1.24-$1.28 resistance zone will be essential for a meaningful shift in market dynamics.
