XRP traded near $1.09 on Thursday as buyers struggled to clear a short-term symmetrical triangle whose upper boundary sits around $1.13.
The token moved between $1.09 and $1.12 over the latest 24-hour period, with trading volume near $1.05 billion and market capitalization around $68.3 billion. XRP remained nearly flat over seven days and about 70% below its July 2025 record of $3.65.
The hourly triangle places XRP close to a volatility break after several sessions of contracting price action. A sustained move above $1.13 would complete the bullish side of the pattern and open a measured path toward $1.35, roughly 20% above current levels.
The target represents a technical projection rather than a confirmed price path. XRP would still need to hold above the broken trendline and absorb selling around $1.20 and $1.30 before reaching $1.35.
Monthly TD Sequential Flashes Buy Signal
Ali Martinez identified a monthly TD Sequential buy signal on XRP, placing the higher-timeframe reading alongside the short-term triangle.
The TD Sequential tracks consecutive candles to identify possible trend exhaustion. A completed buy setup after a prolonged decline can precede a rebound, but it does not establish that sellers have lost control or guarantee that the next candle will close higher.
XRP previously flashed two bullish reversal signals near $1.06, when a daily TD Sequential setup and Morning Star Doji placed $1.30 in view if buying volume returned. The token recovered from that area but has not produced the sustained spot demand needed to establish a broader reversal.
The monthly signal carries a longer time horizon than the hourly triangle. The triangle could resolve within hours or days, while the TD Sequential reading concerns selling pressure built across several monthly candles.
$1.13 Separates Consolidation From Recovery
XRP’s current structure follows a larger breakdown that developed in May. The token lost the former $1.35 support zone after spending several weeks inside a symmetrical triangle between $1.35 and $1.45.
That decline shifted $1.35 from support into a potential recovery target. Reaching it would return XRP to the lower boundary of its previous trading range rather than complete a full reversal of the wider downtrend.
Immediate support sits near $1.09, followed by the seven-day low around $1.06. A break beneath the triangle’s lower boundary would weaken the $1.35 setup and return XRP toward the $1 psychological level, where buyers defended the market during the June selloff.
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