XRP jumps 4% as traders watch 'triangle breakout' toward $1.35
CoinDesk 2026-07-21 07:21:04
Context: The price of XRP has increased by 4% over the past 24 hours, driven by traders watching for a potential "triangle breakout" that could propel the cryptocurrency toward $1.35. This recent surge has allowed XRP to test short-term resistance levels. However, a sustained upward trend will require a clear break above the $1.24-$1.28 supply zone.
Key Facts
- XRP's price increased by 4% over a 24-hour period, indicating a notable short-term upward movement in the cryptocurrency market.
- The recent price surge allowed XRP to test short-term resistance levels, suggesting that traders are closely monitoring the cryptocurrency's technical indicators.
- A clean break above the $1.24-$1.28 supply zone is necessary to confirm a stronger reversal in XRP's price trend, according to technical analysis.