XRP Tests $1.13 as Triangle Breakout Setup Targets $1.35

XRP gained about 4.6% over 24 hours to trade near $1.13, putting a closely watched short-term breakout trigger back on the board. The move comes as traders weigh an hourly symmetrical-triangle setup against a still-intact daily descending channel capped by resistance at $1.24–$1.28.

Key Takeaways

XRP traded near $1.13 after rising about 4.6% over the prior 24 hours, per CoinGecko data.
The token’s 24-hour range ran from $1.08 to $1.14, with market cap around $70.85 billion and volume near $1.27 billion.
Analyst Ali Martinez flagged a TD Sequential buy signal on the monthly chart and a symmetrical triangle on the hourly chart, with $1.13 as the breakout trigger and $1.35 as the mapped target.
The daily structure remains constrained by a descending channel, with resistance at $1.24–$1.28 and support at $1.02–$1.06. Losing support could open $0.88–$0.92.

XRP Jumps to $1.13 as Traders Focus on a Triangle Trigger

XRP pushed up to around $1.13 after gaining about 4.6% over 24 hours, according to CoinGecko data. The session’s range was $1.08 to $1.14, with market capitalization near $70.85 billion and 24-hour trading volume around $1.27 billion.

Intraday price action was choppy before the push. XRP traded sideways for several hours around $1.09 to $1.11, then buyers pressed it higher during the morning session. On the referenced 24-hour chart, XRP opened near $1.0925 and climbed as high as $1.1067 before extending toward $1.13.

That context matters because $1.13 is being treated less like a “new bull trend” level and more like a trigger point. The market is attempting to convert a short-term support defense into a volatility expansion, but the higher-timeframe structure still sits overhead.

The Hourly Symmetrical Triangle and the $1.35 Upside Map

The short-term setup centers on an hourly symmetrical triangle, a compression pattern defined by lower highs meeting higher lows. These structures often resolve with a sharp move once price escapes the narrowing range, which is why traders are keying on whether XRP can sustain trade above $1.13.

Ali Martinez said XRP’s monthly chart is showing a TD Sequential buy signal, an indicator used to spot potential trend exhaustion. He also pointed to the hourly triangle and framed $1.13 as the breakout line. “Martinez said a breakout above $1.13 could open the door to a roughly 20% rally toward $1.35.”

The conditionality is the trade. A tag of $1.13 can be noise. A hold above it is what keeps the $1.35 map credible, especially with the top of the cited 24-hour range sitting just above at $1.14.

Daily Descending Channel Keeps the Bigger Trend Under Pressure

Zooming out, the daily chart remains inside a descending channel, a downtrending structure where rallies tend to fail near the upper boundary until proven otherwise. The 100-day and 200-day moving averages were described as sitting above price and sloping lower, reinforcing the idea that the broader trend is still under pressure.

That is why the $1.24–$1.28 zone is the real gate for trend confirmation. “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.” Until that supply zone is cleared, the current move reads as a short-term breakout attempt rather than a confirmed reversal.

Support is also clearly defined on this timeframe. “Support remains strongest around $1.02-$1.06, where buyers have repeatedly stepped in over recent weeks.” A failure there shifts the downside conversation quickly toward $0.88–$0.92.

Levels Traders Are Watching Next: $1.14, $1.24–$1.28, and $1.02–$1.06

The immediate question is whether XRP can hold above $1.13 or slips back into the prior consolidation band. A push through $1.14, the top of the cited 24-hour range, would act as near-term confirmation that the breakout attempt is gaining traction.

Above that, $1.24–$1.28 is the major resistance zone aligned with the descending channel boundary and the key moving averages. Price reaction there is likely to determine whether this is just a short squeeze and momentum chase, or the start of a higher-timeframe shift.

On the downside, traders are treating $1.02–$1.06 as the line that keeps the structure intact. A break below that band would put $0.88–$0.92 in focus as the next highlighted downside pocket.

A Two-Speed Setup—Short-Term Breakout Attempt vs. Daily Trend Confirmation

I see this as a two-speed market: the hourly chart is offering a clean trigger at $1.13 with a defined upside map toward $1.35, while the daily chart is still telling traders to respect the downtrend until $1.24–$1.28 breaks. That mismatch is where false breaks tend to live, because short-term momentum can look convincing right up until it runs into higher-timeframe supply.

The threshold that matters is whether price can build acceptance above $1.13 and then survive the next liquidity test into $1.24–$1.28. If that zone gives way, the setup starts to look structural rather than narrative-driven, and the market stops treating $1.35 as a conditional target and starts treating it as a reachable waypoint.