XRP Price Eyes $1.35 as Bullish Breakout Signal Emerges Above $1.13

XRP gained more than 4% over the past 24 hours, climbing toward the closely watched $1.13 resistance level as traders looked for confirmation of a potential bullish breakout. The cryptocurrency traded between $1.08 and $1.14 during the session, with a market capitalization of roughly $70.85 billion and 24-hour trading volume reaching approximately $1.27 billion, according to CoinGecko.

The latest rally has drawn attention after crypto analyst Ali Martinez highlighted a TD Sequential buy signal on XRP’s monthly chart. He also noted that the token has been consolidating within a symmetrical triangle on the hourly timeframe, a pattern that often precedes a significant price move. According to Martinez, a decisive break above $1.13 could trigger a rally of around 20%, placing the next upside target near $1.35.

XRP started the trading session around $1.0925 before advancing past $1.10 and eventually testing the $1.13 area after several hours of consolidation. Rising trading volume during the move suggests buyers remain active, while the token continues to hold above the important $1.08-$1.10 support range, preserving its short-term bullish structure.

Despite the improving momentum, the broader technical outlook remains mixed. On the daily chart, XRP is still trading inside a long-term descending channel that has limited previous rallies. In addition, both the 100-day and 200-day moving averages remain above the current price and continue trending lower, signaling that the longer-term trend has yet to reverse.

Traders are closely monitoring $1.13 as the immediate breakout level, followed by $1.14, the recent session high. Beyond that, the major resistance zone between $1.24 and $1.28 remains the most important hurdle, as it aligns with the upper boundary of the descending channel and key moving averages. On the downside, strong support is seen between $1.02 and $1.06. A breakdown below that area could increase the risk of a decline toward the $0.88-$0.92 range. Until XRP breaks above the $1.24-$1.28 resistance zone, the current rally remains a short-term breakout attempt within a broader bearish channel.