XRP’s price surged 4% recently, sparking trader interest in a bullish symmetrical triangle forming on shorter timeframes — a breakout above $1.13 could send it toward $1.35. But the bigger picture remains cautious, with a descending daily channel and key resistance between $1.24 and $1.28 looming. Analysts warn that failure to clear this zone could trigger a pullback, with support at $1.02–$1.06 critical to hold. While hourly charts show buying momentum and even a monthly buy signal, daily moving averages still slope down, indicating the long-term trend hasn’t reversed. The immediate focus is on $1.13 — holding above it could confirm the breakout, but the real test lies in conquering the higher resistance zone. Traders are watching closely as short-term optimism clashes with long-term bearish pressure.
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