XRP jumps 4% as traders watch 'triangle breakout' toward $1.35

Markets XRP jumps 4% as traders watch 'triangle breakout' toward $1.35 XRP pushed higher over 24 hours and tested short-term resistance, but the larger chart still needs a clean break above the $1.24-$1.28 supply zone to confirm a stronger reversal. By Shaurya Malwa Jul 21, 2026, 7:21 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on XRP jumps 4% as traders watch 'triangle breakout' toward $1.35. (CoinDesk Data) Summary Show XRP climbed about 4.6% to trade near $1.13, a key short-term level that traders say could trigger a breakout toward $1.35 if it holds. While the hourly chart shows XRP compressing in a symmetrical triangle and attempting a breakout, the token remains stuck in a larger descending channel on the daily chart. Analysts are watching resistance at $1.24 to $1.28 and support at $1.02 to $1.06, with a loss of that support zone potentially exposing the $0.88 to $0.92 area. XRP is trying to turn a support defense into a breakout. The token rose more than 4% over 24 hours and pushed toward $1.13, the level traders are watching after price compressed inside a short-term symmetrical triangle. A move through that area could open the path toward $1.35, but the bigger daily chart still shows XRP trading inside a descending channel that has capped rallies for months. News Background • XRP traded near $1.13 on Monday, up about 4.6% over 24 hours, according to CoinGecko data. • The token’s 24-hour range stretched from $1.08 to $1.14, with market capitalization near $70.85 billion and 24-hour trading volume around $1.27 billion. • Analyst Ali Martinez said on X that XRP’s monthly chart is showing a TD Sequential buy signal, while the hourly chart shows price consolidating inside a symmetrical triangle. • Martinez said a breakout above $1.13 could open the door to a roughly 20% rally toward $1.35. Price Action Summary • XRP opened near $1.0925 and climbed as high as $1.1067 on CoinDesk Data’s 24-hour chart before extending toward $1.13 on CoinGecko. • The move followed several hours of sideways trading between roughly $1.09 and $1.11 before buyers pushed price higher in the morning session. • Volume increased during the breakout attempt, with CoinGecko showing 24-hour trading volume of about $1.27 billion. • XRP held above the $1.08-$1.10 area through the session, keeping the short-term recovery structure intact. Technical Analysis • The key short-term level is $1.13. A sustained break above it would confirm the triangle breakout watched by traders and bring $1.35 into focus. • The hourly structure has tightened into a symmetrical triangle, with price compressing between lower highs and higher lows before the latest push higher. • The daily chart remains more cautious. XRP is still trading inside a descending channel, with the 100-day and 200-day moving averages above price and sloping lower. • The $1.24-$1.28 area remains the bigger resistance zone because it lines up with the channel’s upper boundary and major moving averages. • Support remains strongest around $1.02-$1.06, where buyers have repeatedly stepped in over recent weeks. What traders should watch • $1.13 is the immediate breakout level. Holding above it would strengthen the short-term bullish setup. • $1.14 is the next nearby level after marking the top of the latest 24-hour range. • $1.24-$1.28 is the major resistance zone that XRP needs to clear before the daily chart turns meaningfully stronger. • $1.02-$1.06 remains the key demand zone. Losing it would expose $0.88-$0.92. • Until XRP clears $1.24-$1.28, the market remains a short-term breakout attempt inside a larger descending channel. Latest Crypto News 1 Live markets: Bitcoin ETFs post a fifth straight day of inflows in a first since April 39 minutes ago 2 UK Parliament begins inquiry into banking chokepoint for crypto businesses 1 hour ago 3 Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind 1 hour ago 4 Inside Cardano's 'Van Rossum' hard fork, and what it means for users 16 hours ago 5 Exodus to cut 25% of global workforce in payments shift 17 hours ago 6 AI compute stocks bounce as Hut 8, IREN land billions in new contracts 17 hours ago 7 Tom Lee's Bitmine slowed ether purchases as it bought back $86 million in stock 18 hours ago 8 Saylor's Strategy raises cash reserves to $3.2 billion, leaving bitcoin holdings unchanged 18 hours ago 9 Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal 19 hours ago 10 A bitcoin 'volmageddon' may be brewing, key indicator suggests 20 hours ago Latest Research Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months 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. By CoinDesk Research Jul 13, 2026 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. 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. View Full Report More From Markets Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind Inside Cardano's 'Van Rossum' hard fork, and what it means for users Crypto market slips even as equities advance. Pump surges on social-media chatter