XRP Breakout Watch: Key Levels Ahead | Bitcoin and Crypto News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/09c709686a8b19ad