XRP is trading near $1.09 after retesting its triangle breakout zone. Technical readers say the token must defend $1.02–$1.05 support to keep the higher-base case alive and open a path toward $1.50.
XRP traded near $1.09 as chart watchers weighed whether the latest pullback is a breakout retest rather than a rejection. The token had moved above a descending resistance line, then dropped back to test that same area.
Support at $1.02–$1.05 decides the setup
CryptoMark argued XRP is still holding above a major triangle breakout zone, with buyers now trying to defend the former breakout area as support. That framing makes the current move important.
A shallow pullback that stays above the $1.02–$1.05 region would back the higher-base argument, according to the analysis. A deeper break below it would weaken the setup and put the $1 psychological level back in focus. For now the picture reads as consolidation, and bulls need a close back above $1.12–$1.15 to rebuild momentum before the larger resistance band near $1.50 comes into view.
A second analyst sees compression
Crypto Coral also sees XRP compressing within a larger triangle, with price reacting off a support area while still trading below a wider resistance zone. Structures of this size often lead to significant moves once resistance gives way, the analyst said.
The daily structure remains mixed because XRP has rebounded from the lower zone but has not cleared the larger supply area. A close above the falling resistance would improve the short-term outlook and raise the chance of a move toward the $1.50–$1.55 zone.
Swift ledger adds a tokenized-finance backdrop
Separately, Swift said its blockchain-based ledger was implemented in nine months and is ready for banks preparing tokenized cross-border payment pilots. The project does not involve XRP or Ripple, but it draws attention to competing tokenization infrastructure.
ChartNerd, meanwhile, framed the current chart as a third retest of a rising macro support line, comparing it to setups that preceded the 2017 and 2021 cycle moves. On that read, XRP must protect $1.00–$1.05, then reclaim $1.15 and $1.30, before a clean move above $1.50 shifts attention back toward previous cycle highs.
Source: The Market Periodical
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