XRP Surges 4% as Traders Eye Triangle Breakout Toward $1.35

Jul 21, 2026 — XRP climbed 4.6% to trade near $1.13, a key short-term level that could trigger a rally toward $1.35 if the token holds above current support. The Ripple-linked cryptocurrency is compressing inside a symmetrical triangle on the hourly chart, with traders watching for a clean breakout above the $1.24-$1.28 supply zone to confirm a stronger reversal.

Immediate Details & Direct Quotes

XRP traded between $1.08 and $1.14 over the past 24 hours, with market capitalization standing at approximately $70.85 billion. Trading volume reached $1.27 billion during the same period, according to CoinGecko data.

Analyst Ali Martinez noted on X that XRP’s monthly chart is showing a TD Sequential buy signal. “A breakout above $1.13 could open the door to a roughly 20% rally toward $1.35,” Martinez said, pointing to the hourly symmetrical triangle consolidation pattern.

The token pushed through the $1.08-$1.10 support zone during morning trading, with increased volume supporting the move. Buyers stepped in after several hours of sideways price action between $1.09 and $1.11, pushing XRP toward the $1.13 resistance level that traders are now watching closely.

Market Context & Reaction

As of today, XRP’s daily chart remains cautious despite the short-term gains. The token is still trading inside a larger descending channel that has capped rallies for months. The 100-day and 200-day moving averages sit above the current price and continue sloping lower, signaling that a broader trend reversal has not yet been confirmed.

The $1.24-$1.28 area represents the major resistance zone because it aligns with the descending channel’s upper boundary and the moving averages. A clean break above this range would mark a significant shift in market structure.

On the downside, support remains strongest around $1.02-$1.06, where buyers have repeatedly stepped in during recent weeks. A loss of that support zone could expose the $0.88-$0.92 area, according to technical analysts.

Background & Historical Context

XRP has been trading within a descending channel pattern for several months, with each rally attempt failing at lower highs. The token’s price action has tightened in recent sessions, forming the symmetrical triangle pattern that traders are now watching for a directional breakout.

The current setup mirrors previous consolidation phases that preceded sharp moves in XRP. However, the larger daily structure still shows selling pressure from the moving averages above, making the $1.13 level a critical short-term test.

The $1.24-$1.28 zone has acted as resistance since the descending channel formed, with multiple attempts to break through failing. This history suggests that even if XRP clears $1.13, a sustained rally will require significant buying momentum to overcome the larger supply zone.

What This Means

For traders, the immediate breakout level to watch is $1.13. Holding above this price would strengthen the short-term bullish setup and could lead to a test of $1.14, the top of today’s range. The next nearby level after that is $1.24-$1.28.

A decisive break above $1.28 would signal a potential trend reversal on the daily chart. Until XRP clears this zone, the market remains a short-term breakout attempt inside a larger descending channel.

On the downside, the $1.02-$1.06 demand zone remains the key support to hold. Losing this area would expose the $0.88-$0.92 range and invalidate the bullish setup.

Traders should monitor trading volume during any breakout attempt, as the move toward $1.13 saw increased participation. Sustained volume above $1.13 would add credibility to the triangle breakout and the potential rally toward $1.35.

This is not financial advice. Always conduct your own research before making investment decisions.

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